Bulls' rally of the Eur vs. the GBP, price action has encountered some resistance at the 200MA as expected. In case the uptrend momentum can continue its bullish bias, a buy-stop entry is placed above the SMA, which is working as a dynamic resistance onto the price action.
A second buy entry (as limit) can work right at the support line form the uprising channel. However, in my experience, the 200 MA is usually a strong level, which is better to consider before entering the market. I'd rather wait for the uptrend continuation after the breakout from the 200MA
Setup for: S/L: 20 pips - R:R | 1:2 - T/P aiming to next resistance as a red dashed line.
A second buy entry (as limit) can work right at the support line form the uprising channel. However, in my experience, the 200 MA is usually a strong level, which is better to consider before entering the market. I'd rather wait for the uptrend continuation after the breakout from the 200MA
Setup for: S/L: 20 pips - R:R | 1:2 - T/P aiming to next resistance as a red dashed line.
Trade ativo
Buy-stop order triggered. Half position closed with S/L moved to BE. Free risk ride.
Trade fechado: objetivo atingido
T/P level reached
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.