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Eurgbpforecast

EURGBP H1 SHORT PRICE ACTION FORECAST With the GBP showing some bullish momentum across the board the EURGBP pair shows a strong bearish bias, a massive sell the last three hours, has diminished any uptrend bias previously presented, to ride the bears a sell stop trade is placed with the following levels The order: Type: sell-stop S/L: 44 pips - R:R | 1:2 - T/P: aiming towards the support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURGBP H1 LONG PRICE ACTION FORECASTBulls' rally of the Eur vs. the GBP, price action has encountered some resistance at the 200MA as expected. In case the uptrend momentum can continue its bullish bias, a buy-stop entry is placed above the SMA, which is working as a dynamic resistance onto the price action. A second buy entry (as limit) can work right at the support line form the uprising channel. However, in my experience, the 200 MA is usually a strong level, which is better to consider before entering the market. I'd rather wait for the uptrend continuation after the breakout from the 200MA Setup for: S/L: 20 pips - R:R | 1:2 - T/P aiming to next resistance as a red dashed line.
Long
by OGFXTRADER
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