💡Don't miss the great buy opportunity in EURGBPTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.85499).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 0.86125
TP2= @ 0.86390
TP3= @ 0.86730
TP4= @ 0.87166
TP5= @ 0.87497
SL= Break below S2
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Eurgbpbuy
EURGBP - FOREX - 07. JUNE. 2021Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bullish break above main sr level.
4 HOUR
Looking for more bullish pressure!
DAILY
Overall strong market structure.
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FOREX SETUP
BUY EURGBP
ENTRY LEVEL @ 0.85970
SL @ 0.85690
TP @ 0.86360
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EUR/GBP Potential Upward Movement 🚀 Technical Analysis:
The price is ranging inside a bullish channel formation where we expect a lower correction to the lower end of the channel. This move could lead to the end of the retracement count and then a move upward in the same direction of the main trend.
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Trade Idea:
Buy Limit Order @ 0.8649
Take Profit @ 0.8674
Stop Loss @ 0.86370
Trade Safely 🙂
Will EurGbp break resistance?After the recent low in 0.85 zone, EurGbp reversed aggressively and returned to 0.87 previous support (now resistance)
A higher low is in place at 0.86, and this gives my confidence in continuation and a break of this resistance.
In my opinion, dips should be bought and bulls can target 0.89 zone
EUR/GBP New Analysis And 2 Long Setups Avialbe This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURGBP preparing for a rallyHi there,
EURGBP is close to a bottom preparing a rally,
My next target for bottom is arround 0.84000/0.83500
Completing a retracement of almost 99% from the previous upside, and making an ABC correction from the main trend
we are now on wave number 4, preparing for last move up on Monthly timeframe
Good luck