EURGBP - Long Position After Reaching Monthly Major Support
Welcome everyone,
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This pair has reached a major monthly support area and has held. I placed a long order and I am targeting the .838 support for profit. If the price comes back to retest, it could signal a potential entry for anyone who didn't get in earlier.
Please keep in mind that this is a trade the goes against the trend. I chose to take this trade because of the resistance level reached. Most of the time, you want to be trading with the trend. Of course, you can do as you like with your account but always protect it with a stop loss.
Keep up the momentum.
Thank you,
-Leo
If you like my content, please show your support. I appreciate it!
________________________________________________________
This pair has reached a major monthly support area and has held. I placed a long order and I am targeting the .838 support for profit. If the price comes back to retest, it could signal a potential entry for anyone who didn't get in earlier.
Please keep in mind that this is a trade the goes against the trend. I chose to take this trade because of the resistance level reached. Most of the time, you want to be trading with the trend. Of course, you can do as you like with your account but always protect it with a stop loss.
Keep up the momentum.
Thank you,
-Leo