Home Forex Market Analysis Forex Signals EURGBP Swing Failure SELL

EURGBP Swing Failure SELL

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Flow Assessment

  • Price has reacted off a monthly sellers area and has been grinding down slowly.
  • The sellers have been maintaining market structure as there has been no higher high by the buyers.
  • The sellers have been making progress by making lower lows

Location Assessment

  • Price has reacted of a H1 sellers area
  • We are trading based on the buyers’ continued inability to make a higher high

Momentum Assessment

  • We waited for a 2nd attempt of buyers to see if they can push and make a higher high
  • When this 2nd attempt too failed; instead sellers made a lower high, this confirmed to us that the sellers are firmly in control, hence we can join them to trade down to the daily lows
  • In some cases, profit targets may be extended to the weekly lows

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