Eurgbpbuy
EURGBP Respecting the trend line. Looking for buy setups EURGBP Respecting the trend line. Looking for buy setups
EURGBP 4 Hr Possible Breakout TradeI have a Long view on this pair up to the D point of the possible cypher.
Looking at how we may get there, as you can see the previous candle came all the way down to previous support and rejected this are and moved up. This current candle is in or around another are of previous support.
If we see the candle close above the trend line I feel we will see a move to the upside
Possible C to D leg of a Daily cypher Right in the 1.27 > 1.414 zone could see movement up as we are right down near the over sold area of the RSI
Two in One - Breakout of a Downtrend and an Inverted H&STarget is predicted at 0.80500 = 500 pips. Good Luck!
Today's ChartThe primary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7665 and support at the level of 0.7525. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY
EUR/GBP is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra-day to mid-term positions in it.
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EURGBP - Potential Bullish Bat - Buy OpportunityIn EURGBP as we can clearly see, price is moving towards our D point.
We are going to be long from D Bullish bat pattern completion point.
Last two patterns hit SL back to back but still we are doing good for the week which had massive winners.
If it suits your Tradeplan..Go ahead n Buy !
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