EURGBP - Strong Uptrend is about to end - Trend Change
Hi Traders!
The market is in a strong uptrend.
As you can see, the market is at the daily resistance which is tested tree times already.
The target is at the 61.8% of the Fibonacci Retracement Level.
This level is very popular and it is used by many traders.
The SL is above the Resistance, but the risk-to-reward ratio is still above 1 to 2.
Entry Point, TP, SL etc. in the red box are shown in the chart.
We recommend to sell the change of the trend.
Thanks and good luck :)!
The market is in a strong uptrend.
As you can see, the market is at the daily resistance which is tested tree times already.
The target is at the 61.8% of the Fibonacci Retracement Level.
This level is very popular and it is used by many traders.
The SL is above the Resistance, but the risk-to-reward ratio is still above 1 to 2.
Entry Point, TP, SL etc. in the red box are shown in the chart.
We recommend to sell the change of the trend.
Thanks and good luck :)!
Comment:
The red box in BIG:
