EURGBPTimeframe: 1D
Direction: Long
Confluences for Trade:
- Waning bearish momentum
- Stochastic Oversold momentum
- Price action bounced off a Horizontal SupportTrendline
- Fundamentally, weakness in the GBP is explained in the GBPUSD post in Related Ideas and the impact of Brexit will be more extensive for GBP in comparison with EUR.
Suggested Trade:
Entry @ Area of Interest 0.8540 - 0.8650
SL: 0.8447
TP1: 7.8747
TP2: 0.8888
RR: Approx. 2.10 (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.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Related publications
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 personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Related publications
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.