EURGBP trade ideas
EURGBP - 2 Hrs ChartCurrently the price is at the level of 1.618 level.
Expecting for breakout.. As per the Fib Level the price is will move upto 2.618 level.
Lets see how it works..
EURGBP W formation Long Bullish continuationIt is moving towards a W formation on the daily chart .
target1: breakout level after consoldiation
target2: breakout level
EURGBP wait Even the downtrend channel may break but there is still the demand zone below the channel. So better to wait for the price to break the demand zone then a very healthy and risk free position can be seen.
EURGBP LONG TRADE SETUPThe 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 and the hourly is turning up against .8679. While above there the pair can see a turn higher.
EURGBP IDEA / Buy oportunityGreat buy opportunity on EURGBP
After a huge decline we finally start to see some indications of trend reversal
- The price broke the lower tunnel trend
- Price retested after breakout and seems to be holding
- we see now a potential double top setup on he hourly time frame before it bounces back again and keeps raising
TP1 range for short term trade buy
TP2 level after double bot breakout confirmation
EURGBP BUY STOPIf the price picks up the momentum we expect it may have a run up to 0.89827 for a long swing trade.
A reduced SL allows us to enter this position.
BUY STOP 0.87139
SL 0.86748
TP Manual Management
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 !
