AlfonsoMoreno

EURGBP forex cross pair shorts at supply zones

Viés de baixa
OANDA:EURGBP   Euro / Libra Esterlina
EURGBP Forex cross pair sell opportunity is playing out in a clear weekly and daily downtrend creating new supply zones on the way down. Weekly supply zone around 0.897 is in control, price dropping very fast once that imbalance was reached a few weeks ago.We can't and should not go long when a bigger timeframe supply level has gained control. As mentioned in previous analyses and video analyses (updated more frequently in the trading community), we had a short bias on EURGBP forex cross pair, looking to go short at new daily supply zones. Last two daily supply zones have had a strong imbalance created and playing out for now quite nicely.There is a clear downtrend, no longs are allowed on EURGBP, only shorts with the bigger picture downtrend on this Forex cross pair. We don't need any indicators in order to plan a trade, just pure supply and demand imbalances.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.