Forex EURGBP: Monthly demand imbalance in control
24th November 2016
Index JP225: Rallying from weekly demand zone at around 1660
28th November 2016

US stock Intel is in a monthly uptrend with demand at 31.50 for possible long continuation. Weekly is out of alignment with new weekly opposing supply created at 36.89 so do not trade the daily that high in the range, it is never a good idea to trade a lower time frame into a higher one so lean on daily demand imbalances located at monthly demand or at monthly 20 EMA. Monthly 20 EMA is just below current price and if new daily demand is created there with nice departure, basing and either removes opposing daily supply or breaks a descending trend line then it is a confirmed daily demand level that could offer us long continuation. Long bias on this US stock!

1_intel_stocks_us_demand

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