0.8286 is our pivot point. Our preference: rebound towards 0.8345. Alternative scenario: below 0.8286, expect 0.8264 and 0.8252. Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8307 and 0.8340).
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8478). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Just a little bit late for placing a trade and posting an idea. Anyway the Confirmation is clear .
News will release early . and according to me. the news can make a high make a average high impact which tends to move the price upward.
Here I get all sucessful tolls. I want to draw my streatigy on my chart easily Trading view is very easy to use
The pair ended a cycle in wave (1) at .8276 where the 4 is turning up. While above the .8421 lows where the hourly right side is up it can see a bounce correct the cycle from the .9331 highs from 8/12/2019 where the daily is turning down.
MAY BE IT CAN BE A GOOD TRADE
we cn see a small retracement in down side for eurgbp
AT THE strong support level and given pin bar confirmation at 4hr