Euro / British Pound
Long

EURGBP: breaking the trend at the price level

49
The price is at the price level 0.874. It has price touches throughout the entire chart. The price reached this level after a long (since December of last year) fall in the descending trend. There is a high probability of new growth and trend reversal. In this case, the price will bounce off the level, break the 0.876 trend line, fix on it and rise to the next strong level 0.882.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.

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.