Euro / Paun BritishPanjang
LONG ON EUR/GBP
On the weekly timeframe we have a downward channel and price is currently bouncing off a support/demand zone as well as the trendline.
The overall trend for this pair has been down, so if price decides to break support and fall it would actually be (expected) because of the trend (even though I am taking a buy on this trade)
If price breaks and retest the support level I will look to exit my buy position and enter a short position.
Here is the play I will be taking on this trade:
PAIR = EUR/GBP
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.83899
STOP LOSS = 0.82966 - 93 PIPS
TAKE PROFIT = 0.85440 - 154 PIPS
The overall trend for this pair has been down, so if price decides to break support and fall it would actually be (expected) because of the trend (even though I am taking a buy on this trade)
If price breaks and retest the support level I will look to exit my buy position and enter a short position.
Here is the play I will be taking on this trade:
PAIR = EUR/GBP
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.83899
STOP LOSS = 0.82966 - 93 PIPS
TAKE PROFIT = 0.85440 - 154 PIPS
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.