EURGBP appears to be bottoming out, big uptrend in coming weeksEUR/GBP has formed a bullish candlestick in the daily chart in the support level.
I am expecting a big uptrend in the coming weeks in EURGBP.
I recommend buying the dips between 0.8470-0.8510 with SL below 0.8420
and initial TP at 0.8630.
If you are a long-term swing trader, you can target the 0.8850 area once price breaks out
of the 100 day EMA level.
Eurgbplong
EURGBP speculative A-B-C setup +2448 pips- if you follow this setup, do not overleverage
- do not use more than 1% of your balance
simple and effective:
-speculative setup
-entry piont B - 88.2 fibonacci
-big support zone between S1-M Pivot and S1-Q Pivot
-180 pips SL
-target 1.08590 line 2 trend based fib
-setup could take weeks
-no fast gains
-hold and get paid
-TP +2444 pips
-massive RR 13.45
-updates will follow
-like so you don't miss anything
-follow me for more
good luck
not a trading recommendation or a investment advice
just my own opinion
going back upThere's still room for the pair to go down a bit further, however I expect it not to break long formed downtrend channel, and bounce back up from the edge of the lower channel line. It will require much selling power to get it further down, at the point of which I believe there'll be more buying interests than selling.
The SL is at mid of historical support zone, it can go lower. TP is fib based. GL
EURGBP is Moving up to the resistance Line
Welcome back Traders, Investors, and Community!
Hi Traders, EURGBP on H1 after long time being in the Bearish channel did not go all the way down to the Support line of the channel and has got stopped above the Support. There is a high chance that it goes up to the resistance line and breaks above it.
⬆️Buy at 0.851
⭕️SL @ 0.8463
✅TP1 @ 0.8605
✅TP2 @ 0.8685
✅TP3 @ 0.8794
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
Trade idea - EURGBP Long EURGBP can be told as technically most accurate currency.
We are looking at long bias on this pair.
The price action suggests buying opportunity above 0.8525.
Right now the intraday strength on Leaderboard is 1.00 in Currency Heatwave app.
We will wait for the strength value to reach 3.00 and above to add more buys.
Target potential 0.8700
EURGBP After the Breakout Could Go Higher to 0.8640
Welcome back Traders, Investors, and Community!
Hi Traders, EURGBP on H4 is right below the Bearish trend line acting as Resistance, If it breaks above it on the lower TF we can look for potential entry for long.
⬆️Buyat Resistance Breakout or Buy at 0.8563
⭕️SL @ 0.8534
✅TP1 @ 0.8640
✅TP2 @ 0.8708
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
EURGBPANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGMENT ➖TRADE : 1
IMPORTANT INFORMATION:📌
- ORDER FLOW : BULLISH
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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EURGBP - BULLISH BIASEURO - Bullish
1️⃣ ECB President Lagarde told the European Parliament that the prospect of better global demand and a faster-than-forecast increase in consumer spending could support economic recovery in the European zone.
2️⃣ The present PMI outlook was better than expected in Germany, France, and the European zone.
GBP - Bearish
1️⃣ The Bank of England kept its interest rate unchanged at 0.1% in its June 2021 meeting with an 8-1 majority voting to leave its bond-buying program unchanged, similar to market forecasts.
2️⃣ Britain reported another 20,479 cases of coronavirus and recorded 23 deaths in the last 24 hours.
3️⃣ GDP data in the UK shows the economy contracted by 1.6% in the first quarter of 2021 compared to the forecast 1.5%.
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TECHNICAL
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- We're looking to buy EURGBP on RBS level + pivot point area + SMA50 area on H1 chart.
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TRADE AT YOUR OWN RISK!!!!!
EURGBP long valid 👊Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren.