LONG ON EUR/GBP
On the weekly timeframe we have a downward channel and price is currently bouncing off a support/demand zone as well as the trendline.
The overall trend for this pair has been down, so if price decides to break support and fall it would actually be (expected) because of the trend (even though I am taking a buy on this trade)
If price breaks and retest the support level I will look to exit my buy position and enter a short position.
Here is the play I will be taking on this trade:
PAIR = EUR/GBP
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.83899
STOP LOSS = 0.82966 - 93 PIPS
TAKE PROFIT = 0.85440 - 154 PIPS
The overall trend for this pair has been down, so if price decides to break support and fall it would actually be (expected) because of the trend (even though I am taking a buy on this trade)
If price breaks and retest the support level I will look to exit my buy position and enter a short position.
Here is the play I will be taking on this trade:
PAIR = EUR/GBP
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.83899
STOP LOSS = 0.82966 - 93 PIPS
TAKE PROFIT = 0.85440 - 154 PIPS
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.