Massive Output Of EUR/GBP Trade
This trade on EUR/GBP captures a strong bearish move following a trendline break.
1. The price was in an uptrend, respecting the ascending trendline until a decisive breakdown.
2. A sharp rejection at the top formed a lower high, signaling a potential reversal.
3. The breakdown was confirmed by strong bearish momentum, supported by a moving average crossover.
4. A short position was taken after the price retested the broken trendline.
5. The entry was around 0.82911, with a stop loss above the previous high at 0.83026.
6. The take profit target was set near the key support zone around 0.82635.
7. The risk-to-reward ratio was favorable, with a larger downside potential.
8. Price continued to decline, respecting the downward momentum.
9. The trade followed technical confluence, including structure, moving averages, and price action.
10. The execution capitalized on the trendline break, resulting in a profitable move.
1. The price was in an uptrend, respecting the ascending trendline until a decisive breakdown.
2. A sharp rejection at the top formed a lower high, signaling a potential reversal.
3. The breakdown was confirmed by strong bearish momentum, supported by a moving average crossover.
4. A short position was taken after the price retested the broken trendline.
5. The entry was around 0.82911, with a stop loss above the previous high at 0.83026.
6. The take profit target was set near the key support zone around 0.82635.
7. The risk-to-reward ratio was favorable, with a larger downside potential.
8. Price continued to decline, respecting the downward momentum.
9. The trade followed technical confluence, including structure, moving averages, and price action.
10. The execution capitalized on the trendline break, resulting in a profitable move.
Wyłączenie odpowiedzialności
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.