EURGBP Exit from DownTrend

FX:EURGBP   Euro / British Pound
344 11 2
EURGBP             seems to exit from bearish medium term trend (first up signal above 0.7930). We wait for break up @0.795 with target extended @0.8150, stop @0.7850
Hi! I´m learning about trading. I would like to know how did you arrive to those pivots and objetives on possible targets and stops. Trade safely!
maxto Angel
HI, you can plot chart on swing points, plot trendline (static and dynamic) on a time frame (ie. 4H), then check this lines on higher or lower time frame. Stop profit/loss depends from you risk/reward approach (ie in a 5 minutes chart you can risk lower than daily chart, etc). Bye
Angel maxto
Hi Maxto! Thank you for your answer. In fact, i have the same chart with lines that you have, however how to know in advance until what moment the price is going to move. How can you know it? do you use pivots points, fibonacci??? Thak you once again!
maxto erdogan
About what disagree, there are support and resistence, nothing more. Above 0.795 possible exit from downtrend. Actually it's tough with Euro waiting for a strong signal from ECB-DraghiVSBuba match. Have a good trade!
Very nice, i made a TA, earlier, on GBPCHF, knowing the EURCHF is stuck at 1.2 then, the charts are in a i agree!
maxto Razvan
Tks, I saw your chart, yes it's a mirror: both right or wrong? :-)
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