We have an unused demand area. Due to the liquidity, we can consider reaching this area.
The price target is to at least reach the ceiling of the liquidity area.
As we suggested earlier,EUR/GBP has broken out from a descending channel and formed an ascending channel.
Now it has reached the top of the ascending channel and so we can expect the price to retract to test the downward sloping trendline of the descending channel.
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
