EURGBP POTENTIAL LONG OPPORTUNITY
Alright what is happening everyone! Hope you are all doing great! Just wanted to come on here and post a potential opportunity I see on the EURGBP currency pair. So let’s dive in!
OK so for me what fueled this trading idea was the large market move it had made a couple weeks ago shooting prices from the 0.84000 zone to the 0.86000 zone showing a significant interest from the buyers in this market. And if the bigger players want to buy, then I want to buy. BUT I want a discount…make sense right? Isn’t everyone when looking to buy something wanting to wait for a discount before doing so? SAME THING IN THE MARKETS! OK had to do that short little rant lol.
But truly this move left a historical level of previous demand (buyer zone) that I am truly interested in for the near future moving forward. So let’s watch price as it comes down into that zone of demand and see if the buyers are still interested in this currency pair.
OK hope you all get some value out of this and please boost this post and follow my page for more accurate analysis and trade ideas! Cheers!
OK so for me what fueled this trading idea was the large market move it had made a couple weeks ago shooting prices from the 0.84000 zone to the 0.86000 zone showing a significant interest from the buyers in this market. And if the bigger players want to buy, then I want to buy. BUT I want a discount…make sense right? Isn’t everyone when looking to buy something wanting to wait for a discount before doing so? SAME THING IN THE MARKETS! OK had to do that short little rant lol.
But truly this move left a historical level of previous demand (buyer zone) that I am truly interested in for the near future moving forward. So let’s watch price as it comes down into that zone of demand and see if the buyers are still interested in this currency pair.
OK hope you all get some value out of this and please boost this post and follow my page for more accurate analysis and trade ideas! Cheers!
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