EURGBP price action analysis:
The price is in a sideways trend, it is possible to see a stop hunt move in last hours because there is the blue line (buy side liquidity above it) and price broke 2 prevoius highs and then came back below that level with a strong spike.
Analyzing market profile we can see that in last 3 sessions the POC is set at a much lower price, this confirm a low interest shown by buyers at high prices (08740/08750), in addition we can see low volumes in last upward movement as highlighted by descending red arrow on the chart.
High probability trade.
Risk maximum 1% of your capital.
RR 1:2.50
The price is in a sideways trend, it is possible to see a stop hunt move in last hours because there is the blue line (buy side liquidity above it) and price broke 2 prevoius highs and then came back below that level with a strong spike.
Analyzing market profile we can see that in last 3 sessions the POC is set at a much lower price, this confirm a low interest shown by buyers at high prices (08740/08750), in addition we can see low volumes in last upward movement as highlighted by descending red arrow on the chart.
High probability trade.
Risk maximum 1% of your capital.
RR 1:2.50
Trade closed: target reached:
The trade ha rwached target!!!
+2.5 RR.
Enjoy your profits!
+2.5 RR.
Enjoy your profits!