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 attivo
Buy-stop order triggered. Half position closed with S/L moved to BE. Free risk ride.
Trade chiuso: obiettivo raggiunto
T/P level reached
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