GBPUSD Analyze - long possible scenario
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As the price rise up to the Compression and engulfed to it - yellow circle - the long scenario is possible.
The Compression area is a strong supply zone, as a consequence, if it engulfed then enter for long.
My suggestions:
1- if price pull back the first demand zone I will enter for long
2- if price engulf the first demand zone and pull back from the second one i will enter for long.
3- if cp engulfed i will enter from the first pull back
Support me by like and your comments.
The Compression area is a strong supply zone, as a consequence, if it engulfed then enter for long.
My suggestions:
1- if price pull back the first demand zone I will enter for long
2- if price engulf the first demand zone and pull back from the second one i will enter for long.
3- if cp engulfed i will enter from the first pull back
Support me by like and your comments.
Note
So, price reached the second target and I saved the profit and change the stop lost.approximately price rise up to 80% of the compression zone so i decide to take my profit and change the stop lost.
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