Technical Analysis:
Trend: EURGBP is in bullish momentum, supported by the breakout of the last higher high (HH).
RSI Sync: RSI is aligned with the bullish trend on 1H TF, confirming momentum.
Double Bottom: A double-bottom pattern is visible on the 4H timeframe, supported by RSI divergence, further strengthening the bullish case.
Entry Strategy:
Entry Point: Buy at the breakout of the last higher high (HH) price.
Stop Loss (SL): Place below the last low for risk management.
Take Profit Levels:
TP1: Near-term resistance or structure level.
TP2: Next major resistance above TP1 to maximize profits.
Trend: EURGBP is in bullish momentum, supported by the breakout of the last higher high (HH).
RSI Sync: RSI is aligned with the bullish trend on 1H TF, confirming momentum.
Double Bottom: A double-bottom pattern is visible on the 4H timeframe, supported by RSI divergence, further strengthening the bullish case.
Entry Strategy:
Entry Point: Buy at the breakout of the last higher high (HH) price.
Stop Loss (SL): Place below the last low for risk management.
Take Profit Levels:
TP1: Near-term resistance or structure level.
TP2: Next major resistance above TP1 to maximize profits.
Order cancelled
InValid
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.