EURGBP Approaching RESISTANCE - Potential for Reversal!
Hey Everyone,
EURGBP is Now Overbought on H4 chart and expected to drop as it's entering Supply Zone,
Daily LONG Target has been reached which means dropping of this asset is expected,
through Trendline resistance it's quit possible to break and reach for the top but our Stop Loss
is at optimal level to trade at current price,
0.90325 is by far the heaviest supply zone.
So, Here's our preferences,
GBPJPY - SELL NOW or 0.89954
STOP LOSS - 0.90492
TARGET1 - 0.88582
TARGET2 - 0.87326
More updates will be posted under this thread,
have any doubts? then, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
EURGBP is Now Overbought on H4 chart and expected to drop as it's entering Supply Zone,
Daily LONG Target has been reached which means dropping of this asset is expected,
through Trendline resistance it's quit possible to break and reach for the top but our Stop Loss
is at optimal level to trade at current price,
0.90325 is by far the heaviest supply zone.
So, Here's our preferences,
GBPJPY - SELL NOW or 0.89954
STOP LOSS - 0.90492
TARGET1 - 0.88582
TARGET2 - 0.87326
More updates will be posted under this thread,
have any doubts? then, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
Trade active:
**EURGBP ENTERING SUPPLY ZONE**
Trade active:
HIT the Heavy Zone,
Now Reversing back (Keep Shorting)
Now Reversing back (Keep Shorting)
Trade closed: target reached:
UPDATE EURGBP - Close Now with (+70 PIPS) of Profit!