Eurgbpbullish
EURGBP analysis | Still free falling? Or finding support?Massive movement to the downside with EURGBP after a big move like this I like to let the dust settle for a bit before jumping into a trade. is 0.86 holding as support? It seems like it for the time being. Remember patience is key with forex, there is always another opportunity to take a trade no reason to rush into anything when there is no clear direction.
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Analysis before the next move of #EURGBPAfter the powerful Double Top, we analyzed and which led to the strong declines, its good time to analyze again.
The decline in a daily graph (Weekly and monthly still uptrend).
You can see that the price stopped exactly on the moving average line which serves as strong support.
The Stochastic with the lines at the cross, at the lowest possible level with an upward direction.
Buy signal with a target to 0.8940
FREE ANALYSIS ON EURGBPFREE ANALYSIS ON EURGBP
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4HR
Price about to test previous low
Nice bullish divergence
5min trend line broken up and retested.
Keep an eye out for the buy
EURGBP approaching resistance, look out for potential reversal!
EURGBP is approaching its resistance at 0.90502 where it is could reverse down to its support at 0.90208.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP BUY IDEAEURGBP
EURGBP BUY OPPORTUNITY AFTER TRIANGLE BREAKOUT
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STATUS : Active
buy @ Market Price : 0.9084
stop loss : 0.9038 ( 50 pips)
take profit 1: 0.9138 ( 50 pips)
take profit 2: 0.9145 ( 50 pips)
Take profit 3: 0.9298 ( 210 pips)
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Risk only 2% or less of your account