EURGBP as seen from the H4 and Daily timeframe has been trending lower for a while now. However, price recently rallied back to the extreme supply zone to mitigate the supply area indicated by the “extreme supply zone”.
Price reacted aggressively from that zone and has caused a change of character. Look for price to make its way back to 0.8600 region where we do have another POI and begin potentially making its way back down again.
Our target will be all the way at 0.8520.
Remember to always practise good RISK MANAGEMENT and also apply proper money management.
Price reacted aggressively from that zone and has caused a change of character. Look for price to make its way back to 0.8600 region where we do have another POI and begin potentially making its way back down again.
Our target will be all the way at 0.8520.
Remember to always practise good RISK MANAGEMENT and also apply proper money management.