Euro / British Pound
Long
Updated

EURGBP TRADE SETUP LOOKING CAPTION

41
EUR/GBP TRADE SETUP UPDATE

Pair: EUR/GBP
Timeframe: 1H
Indicator: EMA 50

EUR/GBP has been consistently following a descending channel, with multiple phases of consolidation. Previously, after breaking out of consolidation, the pair made a strong bullish move.

Currently, it is in consolidation again, and a breakout has been activated, signaling a potential buy opportunity.

Trade Setup:

Entry: 0.82890 (Buy)
Target 1: 0.83080
Target 2: 0.83390

Key Focus: Watching for a confirmed breakout of the descending channel to further strengthen the bullish momentum.

EMA 50 on the 1H timeframe is supporting the bullish setup.

Let’s monitor price action and manage risk wisely!

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Trade active
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