combination of channel and divergence
Hello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
EURGBP :
the price reaches the lower line of the parallel channel at the same time, it enters strong support zone.
A divergence between MACD and the price supports the idea of possible upside movement.
target for this analysis is the resistant zone that shown in the chart.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
EURGBP :
the price reaches the lower line of the parallel channel at the same time, it enters strong support zone.
A divergence between MACD and the price supports the idea of possible upside movement.
target for this analysis is the resistant zone that shown in the chart.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
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