Eurgbplong
LONG POSITIONEUR/GBP 6HOURS PRICE CHART
EUR/GBP FOR GBP-STRENGTH: EUR/GBP had traded heavy, with a fresh yearly low printing in late-October. On the 04/11/21
GBP weakness, however, has allowed the pair to jump up to a fresh monthly high, finding resistance at a Fibonacci level plotted at .8556.
That resistance would need to hold through to keep the door open for bearish swing scenarios, but if it doesn’t, there’s another spot a bit-higher on the chart that could retain similar interest, plotted around the current five-month-highs in the .8658-.8670 area on the chart.
Some retracement back into (0.84910 ) where we can see strong buyers Point of interest, if we see price break below there's a possibility price would continue and give us new lows for this year.
If you find this helpful let us know your thoughts on the IDEA
Drop some feedback below in the comment!
Your Support is very much appreciated!
You leave a comment an, let us know how you see this opportunity.
Wait for retest and buying opportunity with EURGBPH4 time frame.
Structure: The uptrend is confirmed.
Wait for the price to return to retest Key level at 0.84700 and appear bullish patterns, then you can find buying opportunities.
The profit target is the 0.85600 price zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
EURGBP - LONG - BUYHello everyone, Next week will be very good ! As you can see we are in Uptrend. We had Break of Structure on EURGBP we formed Higher Low. Depends on market open I would love to see my entry at some of the Points of structure as You can see 4h, 1h or 15min. or at 0.84300 with SL at 0.84200 that would be PERFECT for us. On this trade I would aim for 50pips :)
A divergence signal and a buying opportunity with EURGBP H4 time frame.
Structure: The downtrend has been broken.
At the support zone 0.84200 - 0.84700 EURGBP formed a divergence signal and broke the key level.
Wait for the price to appear a confirmed retest move and buying opportunity.
The profit target is the 0.85600 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!