girolamoaloe
Long

EURGBP - I bought in the Demand. The power of Supply and Demand

FX:EURGBP   Euro Fx/British Pound
I bought in the demand at 0.7047 and the price spiked for over 70 pips until now. I waited to see the price deep in the demand just where I have set my buy order.

The price action             shows now a bullish engulfing and it broke a trend line marking the demand.

According with the trading plan, the expectation is to see the price on the supply visible on chart. but also to close the trade around 0.7250 is a good result, in this case.

What do you expect for this currency?

Thank you

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