EURGBP trade ideas
EURGBP weekly analysis (350+ pips)📈1. Based on historical price movement the new price action is forming just same pattern it made few weeks ago. So same following pattern can be seen this time!
2. Also double bottom was spotted on weekly chart.
3. Supply Demand / Flag formation / Wedge formation.
4. Stay tuned for sniper entry.
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ALL THE BEST!
EURGBPmarket structure, imbalance . SL hunt demand supply the ideal area to reverse with proper risk reward
💡Don't miss the great buy opportunity in EURGBPTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8563).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.8573
TP2= @ 0.8591
TP3= @ 0.8609
TP4= @ 0.8633
TP5= @ 0.8657
SL= Break below S2
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EURGBP buy EURGBP
Entry - 0.85500
Tp - 0.86200
Sl - 0.85300
Disclaimer:
This is my point of view, You must confirm before taking the trade which i have upload my analysis here , Otherwise don't take this trade
Thank you !!!
EURGBP Buy Next Week (150+ pips) 📈Condition:-
1. Daily Channel Formation
2. W formation
3. COT data - 1. EUR ⬆️ 2. GBP ↕️
4. Bullish Momentum
Entry/SL/TP:-
1. Enter the market when price drops back to the entry level
2. Enter on 4hr for better entry
EUR GBPUpdation:
Took this trade as i said in last analysis of EG.
check my last update about EG to get a clear idea.
Thank you
EUR GBPUpdation:
There are two possibilities on EG. 70% chance for Long position (BUY).
But wait for a BO and retest. still EG is in downtrend. need to break it for a buy position.
Use proper risk management.
Thank You
A triple corrective wxyxz in (w)-(x)-(y)We may see Euro going up continuously till June 22 in a corrective (y) structure . Rest Explained in the chart . Regards
EUR/GBP (LONG) 90+ PIPS TARGET !What a awesome trendline breakout and price made new HH structure now price retraced to a major level SNR demand .... Wait for price to make trend reversal pattern and take the entry and SL will be 5-10 pips below demand area....
EURGBP Long Position 4HR ChartEURGBP Long Position 4HR Chart :
In the 4HR timeframe or daily timeframe, The position shows a long movement. We define the Buying Zone
EURGBP D LONG POSITION Day candle at support untill 0.8460
Tp 0.8740
May be this should hit tp be next week closure.
BEARISH ON EUR/GBPBearish clues:
- EUR/GBP is at the resistance of the bearish channel
- Rebound of the price on the upper band of the Bollinger Bands
- 100 exponential moving average is breaking down
- Relative Strength Index (RSI) < 50
Objective:
EUR/GBP could decrease to the 0.85200 level, which corresponds to a historical oblique bullish resistance (in green) and the support of the bearish channel.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
