EURGBP: When to Buy and When to Sell

It is another market, which will be able to provide interesting trade opportunities for both directions.

The price moves sideways above the support zone abd below the downtrend line. What does it mean? It means if the price breaks the support level, it will give us a sell signal. We can use it in the daily and lower timeframes. The market will have room for a downward movement to 0.83000 support zone.

If the price breaks the downtrend line, it will be a bullish signal. I would like to advise you to use this signal in the hourly charts in order to get a better risk/reward ratio.

All trades must be opened in line with the proper risk and money management.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.