Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
EURGBP is overall bearish trading inside the blue channel.
As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (around 0.845)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline. (acting as non-horizontal resistance)
Zone 2: (around 0.830)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower blue trendline. (acting as non-horizontal support)
As per my trading style:
As EURGBP approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURGBP is overall bearish trading inside the blue channel.
As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (around 0.845)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline. (acting as non-horizontal resistance)
Zone 2: (around 0.830)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower blue trendline. (acting as non-horizontal support)
As per my trading style:
As EURGBP approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Support Bright Ideas Through Decentralised Crowdfunding
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Support Bright Ideas Through Decentralised Crowdfunding
ideaology.io
Buy CRGPT on Uniswap
cutt.ly/CRGPT