EURGBP - SHORT - BEARISH
Still on a bearish bias although my SL was hit in my previous order.
If the pair breaks below 0.879, a bearish breakout is likely, followed by a small correction and continued downward momentum to the next major support level.
Will be looking at short positions for this pair for the following reasons.
It has approaching a point of Major resistance in the ranging pattern looking back 3 months.
This is a long-term short swing for me looking forward at least 2-3 months.
Looking to catch a short trade of the rejection from the resistance zone .
I would need to zoom in to get a better entry point, once price rejects from the resistance zone .
Of course this is purely a technical approach.
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management
If the pair breaks below 0.879, a bearish breakout is likely, followed by a small correction and continued downward momentum to the next major support level.
Will be looking at short positions for this pair for the following reasons.
It has approaching a point of Major resistance in the ranging pattern looking back 3 months.
This is a long-term short swing for me looking forward at least 2-3 months.
Looking to catch a short trade of the rejection from the resistance zone .
I would need to zoom in to get a better entry point, once price rejects from the resistance zone .
Of course this is purely a technical approach.
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management
أغلقت الصفقة: تم الوصول لوقف الخسارة
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.