EURGBP: Resisted by Waning Momentum
EURGBP Timeframe: H4
Direction: Short
Confluences for Trade:
- Waning strength in bullish rally
- Price at Horizontal Resistance
- Likely to Breaking S/T Trendline
- Stochastic Overbought momentum
- Fundamentally, both nations have internal issues that have yet to be solved, it really depends on timing on the events release; do note that EU will comment on Italy's budget tomorrow
Suggested Trade:
Entry @ Area of Interest 0.8890 - 0.8930
SL: 0.8969
TP: 0.8767
RR: Approx. 2.16 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Transaction en cours
Note
Lock in half profits and move SL to BE.Run remaining position totally risk free.
Trade fermée: ordre d’arrêt atteint
Clsoed at BE levels. Nothing risked.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Publications connexes
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.