EURGBP is almost ready to reverse but we have 2 potential areas where it can reverse from.
The first area is a parallel channel support where price has respected the upper limits a number of time.
The second area is a structure level where price has reacted to aggressively.
Either of these 2 areas would be great for reversal.
Trade Idea:
- Watch for the bounce off, either on parallel channel or structure level
- Enter with stops below the rejected price
- Target the parallel channel resistance as first TP and major structure level as second TP
Goodluck and as always, trade safe!
The first area is a parallel channel support where price has respected the upper limits a number of time.
The second area is a structure level where price has reacted to aggressively.
Either of these 2 areas would be great for reversal.
Trade Idea:
- Watch for the bounce off, either on parallel channel or structure level
- Enter with stops below the rejected price
- Target the parallel channel resistance as first TP and major structure level as second TP
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Crypto VIP: t.me/CryptoWickBot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Crypto VIP: t.me/CryptoWickBot