Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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EURGBP What's next!
As we can see from Daily time frame price is still overall bearish trading inside this falling broadening wedge pattern, And price is sitting around the lower bound of this channel acting as an over-sold zone.
Moreover, price is sitting around a massive support zone, where we will be looking for new bullish movements.
And as we can see on lower time frame price is trading inside this falling channel, and for the bulls to kick in we need a break above the marked last swing high.
Then a movement higher would be expected.
1-2 Risk To Reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.