Get started
FedericoSellitti

EURGBP rejection on the 240 Moving Average?

Long
Euro / British Pound (OANDA:EURGBP)  
FedericoSellitti Updated   
OANDA:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators EURGBP rejection breakout chartpatter Ascending Channel swingtrading daytrading
4
0
trendanalysis chartpattern indicator eurgbp rejection breakout chartpatter ascendingchannel swingtrading daytrading
EURGBP again on the orange moving average. Last 3 times, we had a nice rejection, with buyers coming in to buy again at that level. Right now, it seems that we might have the same pattern.
The price is also within an up-channel, with the setup of the moving averages that is bullish, so this trade is worth a try, considering also the good risk to reward ratio.
Trade closed manually:
Trade closed at entry level.
Find out more at www.itstradingtime.com/
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.