Since 2021, EURGBP has been going up and down inside a descending channel. It has constantly created lower highs and lower lows, indicating bear is still in play.
On Jan 31, 2022, it reached the bottom of trendline where a demand zone is waiting. Then it formed a strong bullish candle in daily and 8H time frame, indicating the price has rejected the support and grab the buy order in the demand zone. Potentially, it will go upward before continuing the bearish trend.
We enter a long position on Jan 31, 2022 at 22:00 UTC. Buying price is at 0.83480, stop loss is at 50 pips, or just below the invalidation / latest swing low. Risk to Reward ratio is very good, 1:3.5.
On Jan 31, 2022, it reached the bottom of trendline where a demand zone is waiting. Then it formed a strong bullish candle in daily and 8H time frame, indicating the price has rejected the support and grab the buy order in the demand zone. Potentially, it will go upward before continuing the bearish trend.
We enter a long position on Jan 31, 2022 at 22:00 UTC. Buying price is at 0.83480, stop loss is at 50 pips, or just below the invalidation / latest swing low. Risk to Reward ratio is very good, 1:3.5.
Dagangan ditutup: hentian tercapai
Hit stop loss, just to get back to our uptrend scenario. We can not control the market, but we can control our money management.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.