EURGBP another rejection on the support?
EURGBP has been in a range between 0.9020 and 0.9150 for the past 4 weeks.
After a short-term congestion phase, buyers seem to take control of the market, rejecting the area of support at 0.9020, pushing the price higher.
With easy to set stop loss and take profit, we can have a standard trade with a risk to reward ratio of 1:2.
After a short-term congestion phase, buyers seem to take control of the market, rejecting the area of support at 0.9020, pushing the price higher.
With easy to set stop loss and take profit, we can have a standard trade with a risk to reward ratio of 1:2.
Trade active:
Trade in its second week, still active.
Trade closed: stop reached
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