EURGBP good opportunity for buyers
Based on the chart the major movement of price is following the uptrend. Also in the previous days we have face a good drop at these currency pairs. But the rejection of price from getting lower happened recently and it can be a good sign to of the strength of buyers at this area. Therefore the weakness on sellers and the strength of buyers at this area, can provide a good trading opportunity for buyers.
So I opened a buy position as it is shown on the chart with a low and probability of good reward which is about 1:3.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
So I opened a buy position as it is shown on the chart with a low and probability of good reward which is about 1:3.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
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.
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.