VasilyTrader

EURGBP: Key Weekly Supply Zone Ahead!!!

Short
FX:EURGBP   Euro / Britisches Pfund

+4.5% growth during the last 10 days on EURGBP .
Pound keeps losing its grounds on brexit news.

however, based on 3 days chart analysis you can see that the market is facing a crucially important zone of supply.
its lower boundary - 0.93 level is based on 2019's structure high (immediate bearish reaction followed and -10% drop )
its upper boundary - 0.95 is based on 2020's structure high (immediate bearish reaction followed and -8% drop ).
+ the projection of the last bullish impulse from the higher low is lying perfectly within that zone.

chances will be high that the underlined area will be respected and we will see a pullback.
I will be looking for short opportunities once the market enters that area.

have a great weekend!

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.