EURGBP Scalp Opportunity on the Support of 15m [QUICK UPDATES]

26 Mar 2020

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.

We've just found the EURGBP price closing in onto the horizontal support. The price suddenly accelerated and showed a nice wick reaching into the support. This resulted in an immediate and strong rejection, indicating a possible bullish trade here.

I'm going to put the stop loss a bit lower than normal here, as there is such a strong horizontal support zone directly below. With a R/R of 50% this trade will have a much higher win chance when we include the stronger and long term support zone here as well.


--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.

Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.

- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!




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