Ascending channel for EUR/GBP💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
Let's take a look at EUR/GBP on daily chart. We can see nice ascending channel has been formed and now price has been pushed down to this channels support line. We believe price will lose its momentum and EUR will go higher.
Let us know what you think about this idea.
Trade safe !
Eurgbptrend
EURGBP IdeaHey guys, me again still learning forex been really analyzing the markets so any feedback is really appreciated as it helps me improve as we are in it together.
- Really looking for some action in this one. market does seem bearish so im expecting a break and retest for the area however keep in mind your long opportunity too.
- I will be looking to enter either way on monday depending how the market reacts
EURGBP SELL IDEAPrice has made its way to a huge reversal zone at 0.91500 which also lines up with the 0.61 fib level indicating it could either reverse or have a pullback at this area . As i am also expecting GBP to strengthen due to lock down measures being eased and the economy getting back on its feet
it makes sense for me to be shorting this pair at this important level.
Always use 1-2% Risk Management.
EDUCATIONAL PURPOSES ONLY.
EURGBP SELL IDEA** JUST AN IDEA. NOT A SIGNAL **
It seems like there is a multi time frame forming where if the trades breaks out of 0.90150 then the trade will look to go long.
However from the weekly patterns and the current 4h graph we can assume that the bears will push down the trade significantly.
Three spots of take profit are set with a somewhat tight SL at the point of resistance where the line was previously tested.
Thanks for viewing!
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