MARKET ANALYSIS - How to identify new opportunities

MARKET ANALYSIS - How to identify new opportunities

13 February 2020, 12:25
Daniel Stein

MARKET ANALYSIS - How to identify new opportunities

We finally found a good trading opportunity


EURUSD is breaking downwards while GBPUSD is pushing upwards.

This provides a great chance for a SELL trade on EURGBP.


So let's see what the currency strength situation tells us about that pair.


The Delta dropped to exactly zero at the London opening and rose amazing fast since then.


So let’s have a look at the support and resistance levels on EURGBP


The price fightet with a heavy support level during the past hours but finally broke clearly through it.

This is how all three steps look in one research chart.


+ 43 Pips at 13:41 GMT


+61 Pips at 16:38 GMT


FINAL RESULT +59 Pips at 08:55 GMT


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