The price is just rejected from the rising trendline and the stochastic is in oversold area and turning upward which indicates the upward movement. Most of the market sentiments is also in buying pressure. The stoploss is triggered when the 4H candle close below the rising trendline and the targets are shown in given chart.
Thursday, February 9, 2017
$EURGBP Potential buy
About ashaab
Been trading the forex market since 2003. Learned a lot of different trading strategies and met some good traders willing to teach me. At the end i have choose ichimoku and Harmonic patterns as my main strategies beside using support and resistance. I will share in this blog about my trading activities and trade analysis. Hope who ever read my blog will find it useful..
Technical Analysis
Labels:
EURGBP,
Forex trade setups,
Technical Analysis
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