#EUR/GBP short 1D chart sitting on resistant .. and may reject . so you can take a short position here...
GBPEUR trade ideas
Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8877). 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.
. The RSI is at 63.
Take Profits:
TP1= @ 0.9015
TP2= @ 0.9165
TP3= @ 0.9317
SL= Break below S2
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
