Eurgbplong
EurGbp- New leg up?After the recent low at 0.8450 zone, EurGbp has had a first leg up, reaching my 0.86 target.
A correction followed and this seems to be over and the pair found a strong floor at 0.85
A second leg up could be underway and the pair can reach 0.8650 resistance
Buy dips is my strategy
EURGBP BUY STOP 0.85895 if u like this idea follow thisdont trade before buy stop, if you get 20 to 30 pips kindly close, its good for investment 2% risks.
if you wanna more pips fully risks for yours.
we are only try to hit baby pips if you like this analysis, please support our idea by hitting the like button and share to your friends. we will support start to end trading.
hava a great trading!
EUR/GBP BUY NOW WITH LOW RISK.....
💹EUR/GBP ⏬BUY @ 0.85600
✅TP-1# 0.85838
✅TP-2# 0.86082
⛔️SL 0.85345
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💡Don't miss the great buy opportunity in EURGBPTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8563).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.8573
TP2= @ 0.8591
TP3= @ 0.8609
TP4= @ 0.8633
TP5= @ 0.8657
SL= Break below S2
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💡Don't miss the great buy opportunity in EURGBPTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8563).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.8573
TP2= @ 0.8591
TP3= @ 0.8609
TP4= @ 0.8633
TP5= @ 0.8657
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Wait for a buy setup with EURGBPH4 time frame.
The downtrend structure has been broken, the price is currently retesting the Key level at 0.85500.
Wait for the buying signals to appear here.
The profit target is the old resistance area at 0.86600.
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Wish you all have a good trading day!
EURGBP, 4hr tf, buy the end of wave-4
I am expecting further upside in this pair.
Price currently retracing to complete wave-4.
Notice that wave-1 and wave-3 are almost same length.
Usually when the length of wave-1 and wave-3 is the same size, wave-5 gonna be the longest wave and it will have 1 : 1 : 1.618 comparison.
Buy EURGBP 0.8558
Stop loss 0.8530
Take profit 0.8638 (2.8R)
Use only 1-2% risk
Good luck
Strong Fight between "EUR/GBP".1:Market in overall bullish trend .
2:Market Respecting Fibs Level.
3:Moving Average below the price.
RR:1:2.
Notes:
:Simplicity is a way to win.
:Trade at your own risk, wait for conformations on smaller time frames or whatever your approach is of conformation.
:It is all about probabilities.
:Look for News.
:Ideas for educational purpose only.
:Follow for more Ideas.
If any quire Comment on send me direct Message.
LONG POSITIONEUR/GBP technical outlook
The EUR/GBP trades around 0.8576 in between the 100 and the 50-daily moving averages, while the 200-DMA stands at 0.8710. In the short term, the pair is in an uptrend. Strong resistance lies at the confluence of the 100-DMA and a psychological round level at 0.8600, whereas the July 20 high at 0.8669 is the second resistance, followed by 0.8700. On the other hand, the first support is the 50-DMA at 0.8550, followed by the 0.8500 and then this year low at 0.8450.
Wait some retracement before going long. also wait for price to give you that full confirmation.