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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