EURGBP - Bouncing back from key support under the Demand Level
The bearish momentum candle broke a trend line marking a new and lowest supply level. it is interesting for small sell trade with low risk. I have buy trades in running on EURGBP.
IF the bouncing back from the Key Support (under the demand level) will persist, I will look to sell high.
Using arrows, I marked on chart the relevant supply levels for potential sell trades.
Instead, if the momentum will be so strong to move the price down more, I can consider to buy later in the demand, looking for a buy entry following the bottom trend line.
What do you think?
Thank you
girolamoaloe.com
IF the bouncing back from the Key Support (under the demand level) will persist, I will look to sell high.
Using arrows, I marked on chart the relevant supply levels for potential sell trades.
Instead, if the momentum will be so strong to move the price down more, I can consider to buy later in the demand, looking for a buy entry following the bottom trend line.
What do you think?
Thank you
girolamoaloe.com
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