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SatoriTrades
Feb 9, 2020 1:38 AM

EURGBP - POSSIBLE FAILURE TO CONTINUE TREND - FOREX- EUR GBP Long

Euro / British PoundFOREX.com

Description

I didn't personally take this trade and this is a bit hindsighty but still could see a trend reversal. I just noticed that this looks like a possible hold of support or a failure to continue trend. I circled the optimal entry for this long position trade. It could fail to break the resistance it has tested several times now and then fail back down for a lower low. Orange lines are where I would take profits if I had got in at 0.83934. With the Maxx Momentum Indicator showing daily divergence lets see if it can make a move to test highs. (If you're wondering tradingview.com/u/MaxxCharts/ created the Maxx Momentum Indicator, one of the best traders publishing charts who periodically streams on twitch.tv/markettraderstv) with other VERY good traders, watch the channel to learn to trade better) ***I'm not a member of MarketTradersTV***



Clearly not financial advice.
Comments
transparent-fx
here is what I want to see on eurgbp from my analysis
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