Wait for a buy setup with EURGBPH4 time frame.
The downtrend structure has been broken, the price is currently retesting the Key level at 0.85500.
Wait for the buying signals to appear here.
The profit target is the old resistance area at 0.86600.
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Wish you all have a good trading day!
Eurgbpanalysis
EURGBP, 4hr tf, buy the end of wave-4
I am expecting further upside in this pair.
Price currently retracing to complete wave-4.
Notice that wave-1 and wave-3 are almost same length.
Usually when the length of wave-1 and wave-3 is the same size, wave-5 gonna be the longest wave and it will have 1 : 1 : 1.618 comparison.
Buy EURGBP 0.8558
Stop loss 0.8530
Take profit 0.8638 (2.8R)
Use only 1-2% risk
Good luck
EURGBP TO CONTINUE SELLS?With the continuous lower highs and lower lows forming, we should expect sells to continue on this pair.
We're keen as to what price will continue to do at this level.
We already see rejections at the level, and we're looking to pick up entries on the lower timeframes.
We're moving with the trend. It's the best we can do.
EUR/GBP in strong support level, possibility of a reversalEUR/GBP is struggling at the bottom of a range for a long time now.
However, a reversal might be on the cards as EUR begins to gain momentum while
GBP is losing steam.
Price is showing some signs of a rebound in a strong support level and so traders
can consider buy entries@0.8470-0.8510 with SL below 0.8425 and TP at 0.87.
If 0.87 is broken by the bulls, the next target would be 0.8850.
EUR/GBP:PRICE ACTION IN BEARISH CHANNEL|SHORT OPPORTUNITY 🔔Hello Everyone, I hope you'll Appreciate our Entry opportunity !
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