Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
EURGBP WAIT FOR TRIGGER!
Euro / British Pound
Long
EURGBP WAIT FOR TRIGGER!
By Hadi_karaali
Follow
Follow
May 18, 2023
3
May 18, 2023
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EUR/GBP wait for trigger!
As we mentioned in the previous analysis price is still overall bearish trading inside a big falling channel.
However, price is sitting around the lower bound of the channel, acting as an over-sold zone, lining up with a massive support zone,
Then we are looking for new bullish correction movements,
Meanwhile, for the bulls to kick in we need a break above the marked last swing standing, then a movement higher would be expected.
1-2 risk to reward ratio from a risk management perspective, And to cover the edge over the market!
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Chart Patterns
Support and Resistance
Trend Analysis
Hadi_karaali
Follow
Telegram channel:
t.me/Snipers_F_x
Also on:
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
.