EURGBP: Buying Opportunity from 0.90000 Support
What do you think about such a long trade?
The price bounced from 0.90000 support zone. RSI is confirming the price reversal, and the same goes about MACD histogram. The price is going to move above the bottom BB. It gives us a buying opportunity in the range market conditions.
Buy above 0.90100
Stop below 0.89975
Profit Target at 0.90485
Risk per trade must be no more than 1-2% from the trading capital.
It is a good idea to use a trailing stop as well.
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.
The price bounced from 0.90000 support zone. RSI is confirming the price reversal, and the same goes about MACD histogram. The price is going to move above the bottom BB. It gives us a buying opportunity in the range market conditions.
Buy above 0.90100
Stop below 0.89975
Profit Target at 0.90485
Risk per trade must be no more than 1-2% from the trading capital.
It is a good idea to use a trailing stop as well.
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.
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