FX.co ★ EUR/GBP

Hello traders! Here we have opened the EURGBP chart on the H1 timeframe. It's interesting how as soon as the Parabolic SAR crosses the instrument's price, it gives the best signal. Currently, its price is 0.8552, with the previous candle closing at 0.8555. The Parabolic SAR indicator clearly shows an upward direction. In my toolkit, I also use a moving average for market entry, with a price of 0.8555. The candle with the closing price is moving away from the MA upwards, enticing us to buy. The Parabolic SAR and its points, constantly approaching the price, tighten my stop loss, reducing losses and increasing profits.

As for the daily chart, it's not as interesting for me. I prefer intraday trading. Analyzing the prices on the daily timeframe: candle closing at 0.8546, Parabolic SAR indicator at 0.8479, MA indicator at 0.8510. The larger scale is set for buying, so we are also waiting for buying opportunities on a smaller scale.