EURGBP 1hr Short Bias

2020年1月6日

Price action is currently hovering in a supply zone presented on the 1hr time-frame, where price is failing to break above. We took the position based on the fib alignment within this supply area which is currently holding and our stops are slightly above. On the bigger time- frame (Daily) prior to the strong bearish candle, buyers have tried to push price above this strong sell area for 2 consecutive trading days and making today the 3rd day when the market close at 22:00/23:00. If price holds and does not close above this supply area, we can expect more selling momentum which will push price to the down side. Lets see what happens. Have a great trading week from Your Everyday Trader.