EURGBP: how much can you drop, price ?!
And the price is still in a downtrend. However, now there is a chance that it will grow from its lower border. Before starting to rise, the price may drop a little more, but then return to an upward movement. In the middle of the trend, there are still two options - reversal or consolidation. I am inclined to believe that the price will gain a foothold and continue to rise. As a result, it will stop at the resistance line 0.872.
SL - 0.863.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 0.863.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.