[Signal] EURGBP: Bounce of Parallel Support
Updated
EURGBPTimeframe: 1D
Direction: Long
Confluences for Trade:
- Stochastic in Oversold momentum
- Widening gap of EMAs
- Price action at a Horizontal Support Trendline (Since April 2018)
- Price action for EURGBP has been trading within the Parallel Channel and it is currently at the Lower-End of the Channel
Suggested Trade:
Entry @ Area of Interest (0.8615 - 08685)
SL: 0.8547
TP: 0.8834
RR: Approx. 2.27 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade closed: target reached
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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