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Eurgbplong

EURGBP potentially bullish | Feb 2, 2022Since 2021, EURGBP has been going up and down inside a descending channel. It has constantly created lower highs and lower lows, indicating bear is still in play. On Jan 31, 2022, it reached the bottom of trendline where a demand zone is waiting. Then it formed a strong bullish candle in daily and 8H time frame, indicating the price has rejected the support and grab the buy order in the demand zone. Potentially, it will go upward before continuing the bearish trend. We enter a long position on Jan 31, 2022 at 22:00 UTC. Buying price is at 0.83480, stop loss is at 50 pips, or just below the invalidation / latest swing low. Risk to Reward ratio is very good, 1:3.5.
Long
by ZTrader_Rob
EURGBP LONGEURGBP bounced from the support level on the WEEKLY time frame, Also there is a breakout on the upper trend line on the H4. we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
EURGBP Position RR 1-110 (Technical)Yesterday I have Entered this trade with 5 pips stop loss using 2% of my bank account. Currently it moved 50 pips in my direction. I just put it a bit above breakeven. Entry Reasons: On Montly/Weekly we can see that: 1) The price is slowing down. 2) On weekly chart we can see a Falling wedge formation. 3) Plus it is on monthly support level. 4) Also we can see the RSI MACD Divergence. So, in summary on technical side this pair is bullish. Will closely look at its fundamentals in process. My entry was: 0.83101 My Sl: 0.83151 My TP: 0.85601 PS: I wont move my SL to make the price more space to move. Will Update frequently.
Long
by Ryokoooo
1