EURGBP: repeat of the situation November 2020
The situation that happened in November is repeated.
Stage 1: The price rallied from the strong support level of 0.887 and moved into a downtrend.
Stage 2: During the trend, the price dropped to a level, bounced and exited the trend during the rally, and began to fall in a new trend.
Now the price is again at the support level. It should be expected that during growth it will bounce off the level and leave the trend. But first, it will reach the 0.896 trend line.
Remember, there is no place for luck in trading - only strategy!
Thanks for your likes and comments.
Stage 1: The price rallied from the strong support level of 0.887 and moved into a downtrend.
Stage 2: During the trend, the price dropped to a level, bounced and exited the trend during the rally, and began to fall in a new trend.
Now the price is again at the support level. It should be expected that during growth it will bounce off the level and leave the trend. But first, it will reach the 0.896 trend line.
Remember, there is no place for luck in trading - only strategy!
Thanks for your likes and comments.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.