EURGBO: very profitable short on 4hHi Traders,
This is my view on this pair for the next few days
#EURGBP
SELL 0.868
SL 0.8711
TP 0.851
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen
Eurgbpanalysis
EURGBP Trade For Short.EURGBP was Trading in Ascending Triangle Pattern , Which is bullish pattern at bottom of chart but it failed to breakout on upside. According to chart pattern analysis , EURGBP breakout on down side from Ascending Triangle Pattern . We might see more down side in EURGBP towards support level 1 and support level 2 (as shown in chart). Short trade can be taken on EURGBP with proper risk management and stop loss.
Thank You
Vivek S.
EURGBP 4HSummary:
EURGBP has been trading in a downward channel since the end of April
The pair has had two false resistance breaks at 0.8635
Recommendation:
Trade: Short EURGBP for market
Take profit: 0,8560
Stop loss: 0.8680
Justification:
The British pound has recently started to outperform the euro. EURGBP has been trading in a steady downtrend since the end of April. The pair tried to correct, however, two attempts to break the 0.8635 price zone failed. The area is important not only because of the previous price reactions, but it is also the lower limit of the Overbalance structure. Thus, we see a good chance for a resumption of the decline with a target at the level of the recent lows. We place the stop loss at 0.8680.
Source: xStation5
EURGBP Buy chance is comingHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURGBP is rejecting from support area and try to go to the resistance area Take a buys-top order on the top of support area, let's watch together
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys
EURGBP – starting to look bullish 30 Apr, 2021After forming a low at 0.8470, this pair turned around, made an equal high, fell back down but now is now making another attempt to break above 0.8720. As the daily chart above shows, it is consolidating at the moment. A daily close above this level will be an indication that price may move higher.
s3.tradingview.com
The H1 view above shows a kind of squeeze happening. This may take another 2-3 days, but in my opinion a breakout above 0.8720 is likely. In that case there will be a good trading opportunity with a relatively tight stop on offer.
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As always, please use sound money and risk management in all your trades.