EURBP 4H Chart Technical Analysis - ForexPros
ForexPros EURGBP technical analysis.
# After move down from the long trend line, the trend line act as a resistance, where price rejected to go long.
# Soon the price will hit a support level
# After move down from the long trend line, the trend line act as a resistance, where price rejected to go long.
# Soon the price will hit a support level
Trade active
Reached to the support level. Scalpers can close the trade
Swing traders hold the trade after keeping the stop loss to the entry level (risk free trade)
Note
Hit the Resistance Horizontal Line, as I expected. But it shows thee reversal pattern too early than I expected. You can enter short now, at price level of 0.9246
and put your Stop Loss at 0.9283.
Trade closed: target reached
Reach the target as I have expected.Note
Hit the TP with
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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.