Home Forex Market Analysis Forex Signals EURGBP Breakout Retest SELL

EURGBP Breakout Retest SELL

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This is a position add to the existing EURGBP SELL trade here.

Flow Assessment

  • Structural down flow with LLs and LHs

Location Assessment

  • Price has come back to a critical level where previous volatile reactions happened around, making it a good area to look for sells

Momentum Assessment

  • Buyers suddenly shot up right into the key level with high volatility. But this is suspicious because the original buyers did not show this much strength or volatility.
  • This makes us suspect that it is a trap, specifically a liquidity and stop hunt to accumulate more sell orders, making it a fantastic entry trigger

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