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Eurgbpbullish

EURGBP 60 PIP BUY Looking at a 60 pip rise on EURGBP . Price is currently situated at the 0.368 fib level, alongside this we also have an intersection of two trends. The trend line showing bullish momentum i believe will have the upper hand due to the strength of the overall trend. Furthermore in perspective it is also forming a long term pennant , however due to the strong bullish momentum beforehand i believe this will continue bullish once broken. At this intersection point we have already seen a slight rejection and the RSI (10) showed an oversold condition at this point. Unfortunately 200 EMA is not showing much however with the points stated i can see EURGBP returning to a short term bullish trend to the upside of the pennant to test it once more. Taking this into consideration i will look for further entries. With price situated at the 0.368 fib level and being at a signifcant point in two sections of trends i can see price rising once more. TP is currently set at 60 PIPS where as the SL is set at 35 PIPS
Long
by tradingonthego
EURGBP SWING TRADE of the day 13-Oct-2020EURGBP It has reached lower side of the support level and unable to break the level and forming a nice triangle pattern. And the negative brexit headlines are supporting the long for EUR.We can expect the price will reach 0.91320 which is the trend line resistance zone. If the price broke to the downside then we can expect massive downward rally.at the time of writing it is forming a nice bullish engulfing pattern. Stop lose may placed below the 0.89820 level SWING TRADE-EURGBP Entry point @ 0.90490 Take profit @ 0.91620 Stop lose @ 0.89820 Don't risk more than 1% of your capital Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
Long
by forexorbit
EURGBP is waiting for a upside breakoutEURGBP On political front the cable has loses some earlier gain against its counterpart Euro. Though the selling of Euro has happened due to the overbought condition on many euro pairs such is EURUSD, EURJPY, EURCAD This pair is currently trading at the upside trend line resistance. Once this tree broken we can buy this pair up to 0.90800 which is a previous month high and the low liquidity zone where the buyers will close their buy positions and will wait for the short term bearish correction The price is trading zone the 50,100 Exponential moving average and 200 EMA is currently acting as resistance for the bull At 0.89600 level we can see a inverted hammer candle and a bullish engulfing candle which is a confirmation of further bullish trend On longer time frame the price is thrust above the 50% Fibonacci retracement level. At 0.90800 the minor trend line resistance will be formed. An this is the thin volume area 0.90000 is a major psychological level will act as a resistance too Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Long
by forexorbit
1
EUR/GBP - making its mind up this week? - short term bullishEUR/GBP has seen some choppy movement over the past couple of weeks, with price seemingly breaking to the upside and then reversing to the downside. Taking a step back, on the weekly time frame price action still looks quite bullish, with an ascending trend zone stemming from the lows of 2015. On the daily time frame, it could be argued that price is currently posting a lower high, with respect to the high that was posted in March. However, price also seems to be respecting a new ascending daily trend line, which has recently formed a confluence with both the strong support at 0.9000 and the 50 DAY EMA. We therefore remain bullish on this currency pair in the short term and are expecting a retest of the highs at 0.91349.
Long
by TheForexFellows