Long Position from 0.8486

Dear Trader,

As of Tuesday, August 22, 2023, the EURGBP currency pair is trading around 0.8521. Based on my technical analysis, I believe there is potential for EURGBP to fall to the 0.8486 level in the near-term.

If we see a drop to 0.8486, I think this could present an attractive area to look for a long position, as the price may find support and bounce higher from there. However, it's important to wait for confirmation of an actual reversal before entering any trades.

I'm interested to hear your thoughts on EURGBP and if you see anyother key levels or opportunities setting up. Please let me know if you have any feedback on my analysis. I appreciate you taking the time to read this.

Sincerely,

Note

Almost in the correct shape of prediction but with higher price movement. Waiting for the rate level of 0.8485

Note

For traders who have already taken buy positions, it's suggested to move the stop loss to the entry rate and keep the take profit unchanged.

Note

Very Close to TP

Trade closed: target reached

The first Target reached during the last week.
I will wait for a drop and then go for the second Take Profit.

teconlab

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teconlab

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