EURGBP: Buy Opportunity at 0.83000 Support
What do you think about such a buy opportunity?
The price bounced from 0.83000 support several times. RSI and MACD histogram confirmed the price reversal. After that, the price broke the local downtrend line. It gave us a bullish signal. The market can move upward, and it will be a correction movement in the bearish market.
If you think this trading idea does make any sense, please provide arguments in comments below this post.
Entry Price: above 0.832000
Stop Level: below 0.82960
Profit Level: at 83650
Risk per trade must be no more than 1% of your capital. If the price reaches 0.83500 level, it will be possible to move stop orders to breakeven. The 1st profit target is SMA100, and the 2nd profit target can be at SMA200.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price bounced from 0.83000 support several times. RSI and MACD histogram confirmed the price reversal. After that, the price broke the local downtrend line. It gave us a bullish signal. The market can move upward, and it will be a correction movement in the bearish market.
If you think this trading idea does make any sense, please provide arguments in comments below this post.
Entry Price: above 0.832000
Stop Level: below 0.82960
Profit Level: at 83650
Risk per trade must be no more than 1% of your capital. If the price reaches 0.83500 level, it will be possible to move stop orders to breakeven. The 1st profit target is SMA100, and the 2nd profit target can be at SMA200.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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