Hi there. EURGBP upward channel is unbroken and stands strong.Now there is a comfortable spot for us to enter.
However, the price is currently below the relatively strong horizontal resistance area, which, gives us less than 50% probability.
Despite that, I say, that the channel is strong, and there cant be a better point for entry than here, from the risk-reward perspective, so the <50% probability is compensated by 1-3:1 risk reward, 2-orversold RSI, which helps to etch the probability in our favor.
Use 0.7% of deposit.
NOTE: maybe, buy 0.5% now and add 0.5% if the price reaches the resistance of the channel. You'll get great average price this way.
Thank you for reading, like and subscribe and have a nice day!