EURGBP: Buying Opportunity at Support
アップデート済
We have the long position in this market, but the price broke the price channel as well as the whole trading idea based on it.
We need another plan. The market is becoming oversold. RSI is in the oversold zone, and it can give a solid reversal signal. The price is going to reach the support zone at 0.90000 level. If we combine this information, we will get a possible buying opportunity.
If the price bounces from the support or we have a false breakout, we will be able to use this reversal for opening long positions in the oversold market. Stop orders must be placed below the support and the local swing low. Profit targets can be at SMA100 and SMA200. Risk per trade must be no more than 1-2% from the deposit.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
We need another plan. The market is becoming oversold. RSI is in the oversold zone, and it can give a solid reversal signal. The price is going to reach the support zone at 0.90000 level. If we combine this information, we will get a possible buying opportunity.
If the price bounces from the support or we have a false breakout, we will be able to use this reversal for opening long positions in the oversold market. Stop orders must be placed below the support and the local swing low. Profit targets can be at SMA100 and SMA200. Risk per trade must be no more than 1-2% from the deposit.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ノート
The price broke the support but the market stays oversold in the 1H chart. If the price moves above the support, it will give us a false breakout and a buy signal. If the support becomes new resistance, it will be possible to think about shorting. 
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