virgoinvest.pl
Long

GBP/USD - strong demand confluence at 1.6220/6300

FX:GBPUSD   British Pound / U.S. Dollar
369 1 4
After yesterday data market sharply move down the price to 1.6300. At this level is strong demand confluence consist of a few pieces of Price Action ( Demand Zone + S/R Line + Fibo (1.382%) + Round Numbers (1.6300)). Such a strong confluence should run the demand but it will take a few D1 or H4. We should also remember - Demand Zone is between 1.6220/1.6300 = 80 pips. Therefore we should search for our long positions rather at middle or bottom zone (at Lower TF - M15 or H1).
Hey Virg, Don't see too many using "FTR", ''FL, 'S/R' and 'Eng in their jargon - RTM'r? :) I see the DP on the SR just about the small FL on the 15M - price seem to FO to it after breaking the tops. It also looks like the DX may have some upside work, still. But I do like your projection :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out