Eurgbpbuy
EUR/GBP - pushing past resistance at 0.9135EUR/GBP has seen a significant bullish move over the last couple of hours off the back of a strong climb from the lows at 0.8877 from last week. Price has now pushed past and closed on the 4H timeframe above the strong resistance at 0.9135. At the end of today if the daily candle closes above this strong level of resistance we will be looking for long opportunities heading into tomorrows day of trading. If it does close above 0.9135, daily targets of 0.9285 and 0.9387 seem likely.
If price closes back below 0.9135 on the daily timeframe this analysis will be invalidated.
EURGBP, 4hr tf, buy on ichimoku + parabolic SAR confirmation Hello my friends,
Another setup for today is EURGBP pairs.
As usual, i only take trade after all my needed confirmations are met.
1st confirmation is price above the kumo cloud
2nd confirmation is kumo is green colored
3rd confirmation is parabolic SAR switched to below the price indicating buy pressure
I am gonna buy EURGBP after it retrace a bit for a better RR ratio
Buy EUGBP 0.9130
Stop loss 0.9070
Take profit 1 @0.9190
Take profit 2 @0.9250
RR ratio is 1 : 2
Use only 1-2% risk
Good luck
EUR/GBP Technical Analysis
The counter is currently in an ascending channel pattern.
It fell off recently from the high to lower parallel, where it found support.
Now, it is marching up with momentum indicators like MACD and stochastic on the verge rendering a bullish crossover.
Hence, we expect the pair to be bullish in the near-term.