Morning traders,
Easy to read pattern on our Euro British Pound trading view chart with an ascending channel showing both support and resistance on multiple occasions since the start of August. We are looking to enter a long here for the Euro to strengthen up towards 0.933 area and potentially break out above depending on Brexit headlines at the time of meeting resistance. Our stop loss has been set just below the support line we have highlighted. Should the pair drop below that support level then the trade is nullified and the pattern is no longer relevant.
We entered at this area due to the overnight bounce in British Pound and this pair looking oversold on stochatsics.
Short and simple
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
If you want a free 30 day trial of our signals please get in touch.
Good luck trading
from the Team at forexTrdr
Easy to read pattern on our Euro British Pound trading view chart with an ascending channel showing both support and resistance on multiple occasions since the start of August. We are looking to enter a long here for the Euro to strengthen up towards 0.933 area and potentially break out above depending on Brexit headlines at the time of meeting resistance. Our stop loss has been set just below the support line we have highlighted. Should the pair drop below that support level then the trade is nullified and the pattern is no longer relevant.
We entered at this area due to the overnight bounce in British Pound and this pair looking oversold on stochatsics.
Short and simple
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
If you want a free 30 day trial of our signals please get in touch.
Good luck trading
from the Team at forexTrdr
