Good day traders:
Eurgbp: As you can see on the chart, the 0.8720 to 0.8650 orders consumed(cp in this zone). For this reason, we look at a better area for selling, this area can be at 0.8750 but we need confirmation as always to enter the sell trade. IMPORTANT NOTE: Look at the area 0.8650 and see how the price has returned after that last package of sell orders was consumed . Why?
Financial institutions and banks are unable to execution all their trades At one point or zone , they need to hide these orders and use various tricks to do so. As traders, you should know at the same time about macroeconomic variables and the tendencies of central banks and important indicators such as inflation rate and their data, and then analyze the flow of price orders. The reason that why most sites and training channels only speak about technical analysis is because it is easy. It has a special that I hope that you dear trader have a complete study on all the items. After analyzing in the data, you should analyze the price readings:
Where it is right now?
Why it is here?
Where is targets?
How is its approach?
Have fun
Eurgbp: As you can see on the chart, the 0.8720 to 0.8650 orders consumed(cp in this zone). For this reason, we look at a better area for selling, this area can be at 0.8750 but we need confirmation as always to enter the sell trade. IMPORTANT NOTE: Look at the area 0.8650 and see how the price has returned after that last package of sell orders was consumed . Why?
Financial institutions and banks are unable to execution all their trades At one point or zone , they need to hide these orders and use various tricks to do so. As traders, you should know at the same time about macroeconomic variables and the tendencies of central banks and important indicators such as inflation rate and their data, and then analyze the flow of price orders. The reason that why most sites and training channels only speak about technical analysis is because it is easy. It has a special that I hope that you dear trader have a complete study on all the items. After analyzing in the data, you should analyze the price readings:
Where it is right now?
Why it is here?
Where is targets?
How is its approach?
Have fun