EUR/GBP is on rising channel on the H1 chart and it looks like it found resistance at the top of the channel near the 0.805 handle. Plus, stochastic is also in the overbought zone. A stop loss above the channel would provide a good MM if you aim for the bottom of the channel.
Trade at your own risk. Do not trade forex as forex trading involves financial risk, and do not trade with money you can’t afford to lose. This is neither a solicitation nor an offer to buy/sell currencies / forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
0 comment(s):
Post a Comment