Based on the current market analysis, it appears that EURGBP is showing a potential bullish signal. The Average True Range (ATR) is currently positive, indicating that the market is experiencing volatility, which can provide opportunities for traders to profit.
In addition, the Moving Average (MA) and other Technical Analysis (TA) tools suggest that the pair has a potential upward momentum. These technical indicators can be used as supporting evidence to confirm the bullish sentiment for EURGBP.
Overall, the positive ATR, along with the bullish signals from MA and TA, indicate that there may be an opportunity to profit from a long position in EURGBP. However, it is important to always be aware of the risks involved in trading and to use appropriate risk management strategies.
In addition, the Moving Average (MA) and other Technical Analysis (TA) tools suggest that the pair has a potential upward momentum. These technical indicators can be used as supporting evidence to confirm the bullish sentiment for EURGBP.
Overall, the positive ATR, along with the bullish signals from MA and TA, indicate that there may be an opportunity to profit from a long position in EURGBP. However, it is important to always be aware of the risks involved in trading and to use appropriate risk management strategies.
Trade closed manually:
Apologies for the Title, it's supposed to be EURUSD.
News will be bringing the price down, close the trade or set a tight stop loss.
News will be bringing the price down, close the trade or set a tight stop loss.
Comment:
We missed this trade but it's fine, we don't play with the devil.