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EURGBP Longs to .86300



Reading price, we can see EURGBP has shifted up it is evident to see by the new higher highs and higher lows being formed. This shift in momentum has also cleared previous areas of interest and is now retesting as support. Price has reacted in the past and we are anticipating that same reaction to .88300, in confluence with the double bottom formation. If price violates this zone, we must reevaluate price action.


Confirmations:

-Structure

-Area of interest

-Rejection

 

Omer Kambal

ChartAddicts

11/14/2021


*Forex is a leveraged product and may not be suitable for you as it carries a high degree of risk to your capital, and you can lose more than your initial investment. You should ensure you understand all the risks. By undertaking these types of high-risk trades, you acknowledge that you are trading with your available risk capital and any losses you may incur will not adversely affect your lifestyle. The high degree of leverage can work against you as well as for you."

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