EURGBP FOREX PAIR 8H TIME FRAME DATE 7/26/2024
"I have revised my bias on EUR/GBP from a short-term perspective. I am no longer anticipating bearish price action; instead, we are likely entering a correction phase with potential for upside movement. While this presents a trading opportunity, the delivery may be inconsistent, thus increasing the risk.
Currently, accumulation is in play, and I have already entered the market with a bullish stance. Given the alignment of several factors, I plan to add more positions on lower cycles to improve the risk-to-reward ratio.
Currently, accumulation is in play, and I have already entered the market with a bullish stance. Given the alignment of several factors, I plan to add more positions on lower cycles to improve the risk-to-reward ratio.
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