combination of channel and divergence: update 1
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 :
my last analysis is here:
the price reached the lower bond of the parallel channel at the same time, it entered a strong support zone . Also, we see a divergence between MACD and the price.
My trigger for this trade was the short term trendline breakout and the trigger activated.
My target is resistant zone that shown on 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 :
my last analysis is here:
the price reached the lower bond of the parallel channel at the same time, it entered a strong support zone . Also, we see a divergence between MACD and the price.
My trigger for this trade was the short term trendline breakout and the trigger activated.
My target is resistant zone that shown on the chart.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
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