Euro / British Pound
Long
Updated

EURGBP: How to Buy Wisely?

939
snapshot

EURGBP is approaching strong horizontal support.

To catch a pullback from that, pay attention to a falling parallel channel on 4H.
The trigger that we are looking for is 4H violation of its resistance.
Only then we can buy.

Goals:
0.879
0.8835

In case of a bearish breakout of a green zone, the setup will be invalid.
Note
Check my new analysis on EURGBP:
EURGBP: Catching a Pullback

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.