Eurgbpbuy
Euro against pound is ready for long Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:NZDCAD
We can see market is strugling near its previous resistance and currently standing near its a strong support in D1 Support level.
So we are expecting more rise near Trendline,Then we can expect a strong bull run after the formation of Head and shoulder.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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EURGBP: Who from the weak?!EURGBP
Intraday - We look to Buy at 0.8425 (stop at 0.8395)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.8515 and 0.8600
Resistance: 0.8460 / 0.8600 / 0.8720
Support: 0.8400 / 0.8325 / 0.8200
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EURGBP BULLISH OUTLOOKEUR is gaining in value due to the expectation that ECB will raise interest rates, something that had not happened in more than a decade.
Against GBP the price broke the resistance of the triangle pattern on the 4H graph forming a bullish outlook, which, if gets confirmed, might see the price of the pair testing 0.87 On the other hand, if the bullish scenario does not come to fruition, the price will most likely test the support of the triangle at 0.8568
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EURGBP-BUY strategyThe pair seems likely to move higher on the basis of positive stochastic RSI, and support of a small upward channel.
The daily- and weekly chart both seems to show the same picture for now
Strategy BUY @ 0.8505-0.8515 and take profit @ 0.8607 for now. Stop-loss can be place below 0.8483.
EURGBP-BUY strategyLast week had good idea at first and then changed mind.
The shape of the channel shows are are near support 0.8494 and further down cloud support 0.8454. The stochastic 4-hourly chart is positive and it feels it may push the pair higher.
Strategy BUY current @ 0.8505 and place stop-loss @ 0.8430 and profit order @ 0.8678.
EURGBP-BUY strategyThis is a try-out position. What I mean is, we have moved a little higher, and we are kind-off hovering with Doji's.
The stochastic RSI is positive on daily chart, and this may signal a sharper run higher.
For that reason we BUY current 0.8470-0.8477 and take profit @ 0.8575 (about 100 pips profit target).
The stop-loss is 0.8402 (73 pips roughly). The leverage let's say low between 0.75x-1.5x.
Dissecting the trade, GBPUSD is not moving much higher and is hampered by GBPJPY cross. EURUSD has more potential higher, so for EURGBP maybe a good idea.
EURGBP-BUY strategyThe selling pressure is reducing and in fact breaking the Aroon upwards, suggest we may see a turnaround short-term.
Judging history also helps to suggest that the signal MA crossing upwards is a sign of the trend change. besides it was quite a swift move down, and this also helps to support the view.
For now I suggest BUY current @ 0.8410-0.8415 and take profit @ 0.8497. Stop-loss below 0.8375 for now.
EURGBP: Euro strength back?!EURGBP
Intraday - We look to Buy at 0.8465 (stop at 0.8415)
We are trading at oversold extremes. A bullish hammer has been formed on the 4hr timeframe. This is positive for sentiment and the uptrend has potential to return. A higher low has been formed. Preferred trade is to buy on dips.
Our profit targets will be 0.8615 and 0.8710
Resistance: 0.8505 / 0.8600 / 0.8710
Support: 0.8400 / 0.8295 / 0.8200
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
EurGbp- 0.85 is now strong supportAfter finding a strong base under the 0.83 zone and testing this zone multiple times this year, EurGbp has strongly broken above 0.85 zone resistance last week.
Now the pair is looking upwards towards the next resistance at 0.87 and, in my opinion, dips around 0.85 should be bought.
A dive under 0.84 would negate this scenario