EUR GBP - High Probability reversal
There is a high probability setup opportunity on EUR GBP. The reason for me considering this a high probability reversal is that we have a strong convergence on RSI as well as on MACD.
On the MACD it can be seen more clearly that we have a convergence at a lower low but histogram is above the zero.
Potential TP areas are at the first zone of weekly resistance with 1 : 1 RR and the second zone of weekly resistance with 1 : 2,29 RR.
Keep in mind this is a trade which can take from a few weeks to a month or two to develop. If you are a swing trader you got to be patient and stick with your idea until you are proven the opposite.
On the MACD it can be seen more clearly that we have a convergence at a lower low but histogram is above the zero.
Potential TP areas are at the first zone of weekly resistance with 1 : 1 RR and the second zone of weekly resistance with 1 : 2,29 RR.
Keep in mind this is a trade which can take from a few weeks to a month or two to develop. If you are a swing trader you got to be patient and stick with your idea until you are proven the opposite.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.