girolamoaloe

EURGBP - Bouncing back from key support under the Demand Level

FX:EURGBP   Euro Fx/British Pound
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
Girolamo Aloe

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