EURGBP - Shooting star rejection of a level
EURGBP has accelerated today off the back of a stronger euro and a weak pound. Price is now overextended above the upper BB band and has given us this shooting star before closing back just above the 0.236 level.
I would like a better R:R than this current setup, but the 4 touch resistance is likely to act as strong support.
See entry and exits on the chart. Stop above the high, exit at nearest support.
Happy trading:) follow for more
I would like a better R:R than this current setup, but the 4 touch resistance is likely to act as strong support.
See entry and exits on the chart. Stop above the high, exit at nearest support.
Happy trading:) follow for more
Trade closed: target reached
There might be 2 pips in that TP hahahaha
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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.