SamKent
Long

EUR/GBP range trade

FX:EURGBP   Euro / British Pound
42 0 1
The EUR/GBP             is trading within a well defined range. As we can see, this range seems to be defined by lows that are formed by a small consolidation period, while the highs are sharper, with more of a V structure to them. We're currently trading towards the lower part of the horizontal channel, and so our plan of entry will be to look for a small period of consolidation in both price and the RSI , which will then allow us to set a long trigger just above the consolidation zone, with a stop loss under the channel, and a profit target at the upper part of the channel, making for solid r&r.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out