EURGBP: Selling Opportunity
The price broke the daily uptrend line, and it gives a bearish signal. In spite of the bullish market in the daily timeframe, and bullish signals in the 4H chart, I think shorting will be a better idea than buying. Yesterday, we could see active sellers, and probably this week, the downward movement will be continued.
The trading idea is simple. If the price can stay below a new downtrend line, it will be possible to open short trades based on a breakout below the local swing low. Stop orders must be placed above the local swing high and the downtrend line. The main profit target should be placed at the support level. Risk per trade must be no more than 1-2% from the deposit.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
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.
The trading idea is simple. If the price can stay below a new downtrend line, it will be possible to open short trades based on a breakout below the local swing low. Stop orders must be placed above the local swing high and the downtrend line. The main profit target should be placed at the support level. Risk per trade must be no more than 1-2% from the deposit.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
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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