EURGBP: Short Trade from 0.90000 Resistance
In this post, I wrote to you about a possible buying opportunity at the support zone. If you could use the right knowledge of how to trade trend reversals, you would open a long position and make a nice profit.
You can see the example of the profitable long trade. Knowledge is the Superpower, don't you think so?
What's next?
The price reached the resistance at 0.90000 level. We can try to catch the price reversal and a possible pullback.
Short trades should be opened as close to the resistance as possible. Stop orders must be placed above the local swing high. The main profit target should be at 0.89455 support. Risk per trade must be 1-2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
You can see the example of the profitable long trade. Knowledge is the Superpower, don't you think so?
What's next?
The price reached the resistance at 0.90000 level. We can try to catch the price reversal and a possible pullback.
Short trades should be opened as close to the resistance as possible. Stop orders must be placed above the local swing high. The main profit target should be at 0.89455 support. Risk per trade must be 1-2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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