EURGBP - TRADE IDEA ON LONG SIDE FOR HUGE PROFITSymbol - EURGBP
EURGBP is currently trading at 0.8272
I'm seeing a trading opportunity on buy side.
Buying EURGBP pair at CMP 0.8272
I will be adding more if 0.8245 comes & will hold with SL 0.8225
Targets I'm expecting are 0.8345 - 0.8370 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Eurgbptrend
EUR GBP SHORTSEPT #4
Risk 0.5%
TP1 = 1:2 RR
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BUY EURGBP!!!On Friday, EURGBP hovered around 0.89400 levels which holds a good support according to both Bollinger Bands and trend channel formed in 4 hr chart.
So, we can long this pair for approx. 0.90100 levels as take profit. It has high chances that price will test that range this coming week or maybe higher as we see from a Daily perspective.
So, we are bullish on daily chart also.
It is a great opportunity in EURGBP to grab!!!!
Stay updated and follow me for more!!! :)
EURGBP Trade Setup The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence against .8561. While above there the pair can see a turn higher.
Short term signal
@87.14- 87.04
TARGET : 87.94
STOP LOSS: 86.70
GOOD LUCK !
EURGBP Near Sell AreaSell Below 0.89600 Stoploss- 0.89900 Target- 0.89200-0.88850
Reasons for trade- 1. Price is near to daily channel resistance formed in Aug 17 2.4 Hour chart has formed double top pattern and took resistance twice from 0.89900 levels. 3.multiple support taken near 89.630 which has become weak now. 4.Risk Reward Ration is more than 1:1.5