Friday, 19 March 2021

EUR/GBP is Trading into a Descending Triangle

 By Deya Hroob

EUR/GBP Trading Idea Set up

EUR/GBP is trading into a Descending Triangle . We can trade this pattern by placing a buy order above the downtrend line Or a sell order below the support structure.

Aggressive traders can also sell when the price touches the downtrend line with stop loss just above the line OR buy when price  bounces off the support structure with stop loss below the support.

Trade Wise and Good Luck,

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