We added the Fibonacci Retracement to the graph after a relatively large drop or rise it helps to analyze, So last week the euro rallied against the pound and started to rise even crossed the 23.6 Fibonacci line and then stopped right in the 38.2 area and fell back to 23.6, We believe that the price will stabilize and gradually return to the 38.2 Fibonacci and possibly cross it.
Be careful with the Doji Candlestick created during the weekly time period (This can indicate the sellers' victory in this war)
Buy EUR/GBP
Entry Price:0.8759
Stop Loss:0.8720
Take Profit:0.8810
Be careful with the Doji Candlestick created during the weekly time period (This can indicate the sellers' victory in this war)
Buy EUR/GBP
Entry Price:0.8759
Stop Loss:0.8720
Take Profit:0.8810
Note
10 pips of profit for the moment
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.
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.