EUR/GBP BUY OPPORTUNITY (HOURLY):On the 15 minute, we have a hammer candle signalling a reversal. Also meets the 61.8% fib.
Eurgbpbullish
EUR/GBP Technical Analysis
The counter is currently in an ascending channel pattern.
It fell off recently from the high to lower parallel, where it found support.
Now, it is marching up with momentum indicators like MACD and stochastic on the verge rendering a bullish crossover.
Hence, we expect the pair to be bullish in the near-term.
EURGBP bounced from support, potential for a further rise!
EURGBP bounced off 0.90271 where it could potentially rise further to 0.90574.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/GBP, very accurate Long trade idea.We are looking at a great buying opportunity at EUR/GBP to complete the right shoulder of simple market pattern. I think it's very accurate giving the fact, that the price currently approached a strong demand area, from where the price should make pullback.
EURGBP 4HR LONG An update on previous EURGBP analysis in the past few days broke an eight months resistance and a possible uptrend can actually continue after a retest of the broken minor resistance
EURGBP: Bullish Idea & Trade PlanEURGBP is at the critical resistance area around 0.9075
The first impulsive move up is completed followed by the correction. At present, it's creating the second leg up.
The Fibo Extn. 100% coincides with the rising channel top at 0.9250 which is the next target once it breaks above 0.9075 and successfully re-tests it as a support.
The two possible variations of this bullish idea could be:
1. It breaks above the immediate resistance around 0.9075 and completes the second leg up.
2. It ranges between the support at 0.8860 & resistance at 0.9075 for a while and then pushes upward to the target.
Invalidation of this bullish setup would be the break below 0.8860
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
EURGBP BullishPrice reached the bottom of the 4H channel and reversed, If a 4H candle closes above 0.9055 we enter buy
EURGBP BUYLikes and comments if you want more trading setup. Thank you!
Visit our channel!
The price formed a spport,
and responded positively
with a bullish.
FURTHER SELLING POTENTIAL ON EURGBP 4HRPrice is currently showing minor bullish momentum in the form of a retracement. We may see price re-test our entry point before advancing lower to our target levels. Entry, Stop loss and take profit levels have been marked.
Should price move in our favour, you should be looking to scale out the majority of your position at TP1 , move the stop loss of your remaining position into profit and let it run. Or close completely at TP1
EURGBPPlease Follow My profil to get the forex ideas>> @PublicSquareFX EURGBP
Please share in comments what you think?
EURGBP BUY SETUP Tuesday, 2nd June 2020
#EURGBP BUY
ENTRY = NOW 0.89000
SL = 0.88500 (-50 PIPS)
TP = 0.91100 (+210 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
EUR/GBP, next impulse to the upside should occurEUR/GBP broke the consolidation area and right now it is retesting it as new support. I expect the price to push up and generate new hourly highs.
EUR/GBP, price should at least re-highAs EUR/GBP is still in an uptrend, I am considering this as very beautiful buying opportunity with low risk and big potential profit.,
FIRST TARGET IN THE WAYwe see powerfull up trand in this year de u to corona and brexit
last week eurgbp broke the resistance
we keeping buy frome 0.87500 for first target in 0.91000
follow us for more free signals
MAX+
EURGBP BEARISHEURGBP BEARISH (RESTEST FIRST) Please leave a follow and like if you useful and I will keep posting for you guys!
EURGBP - DAILY CHART - BUY SETUPEurgbp - Daily chart - I see price bouncing from a daily demand zone so looking to take longs on retests of hourly demand zones.
EURGBP Market Outlook | Daily Forex Market BreakdownHey traders please LIKE & FOLLOW, thank you! Potential inverted head & shoulders. I believe we could be seeing some big movement to the upside soon. Already creeping up now. Keeping a sharp eye on EURGBP for potential longs soon.
