EUR/GBP 1-hour chart analysis: Regression trading strategy using
Downward channel: The price fluctuates within the downward channel, showing a downward trend.
Rebound point: The price rebounds near the upper boundary of the channel and continues to fall.
Trading strategy: Regression trading strategy: Look for short opportunities when the price approaches the upper boundary of the downward channel. The stop loss can be set above the upper boundary of the channel, and the target price can be the lower boundary of the channel or a lower support level.
Rebound point: The price rebounds near the upper boundary of the channel and continues to fall.
Trading strategy: Regression trading strategy: Look for short opportunities when the price approaches the upper boundary of the downward channel. The stop loss can be set above the upper boundary of the channel, and the target price can be the lower boundary of the channel or a lower support level.
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