Back to all Ideas

EURGBP Daily Demand Contact

by Timothy E, February 16, 2021

EUR/GBP H4 Technical

by Timothy Elroy February 16, 2021

0
Share

EUR/GBP

|

Long

|

H4

Timeframe:

H4

Analysis Method:

Technical

Analysis:

Daily Demand Zone has been contacted, looking for a trade to the nearest H4 supply zone.

Risk Management:

less than .25% of account

Things To Watch For:

Confirmation touches

LEAVE YOUR COMMENT HERE:

View previous comments

  1. EUR/GBP is really bearish from now. I am advising you to wait for a real and powerful reversal indication in your daily demand zone.
    If it’s going lower, check for the next weekly demand zone around 0.84 for a buying entry.

  2. agree, it could be seen as a correction of the 3rd wave downtrend in terms of elliot waves, but i would be cautios with your demand zone, it is not a real fresh one as there was some reaction already. price could go a bit lower around 0.86300-0.86800

DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Your message is underway!

You will be hearing from us shortly