EURGBP is Moving up to the resistance Line
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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
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Eurgbplong
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.
EURGBP LONG SETUPEURGBP has created a falling wedge model at the moment. gbp is fundamentally weak at the moment compared to eur. Break the high resistance trendline of the falling wedge and wait for a retest. Only receive a transaction if a postive retest occurs. The MACD buy signal and ROC have been subtly identified as being able to postive the price movement to confirm the addition.
EURGBP approaching support | 29th June 2021EURGBP is approaching Buy Entry, in line with 50% Fibonacci retracement, 50% Fibonacci extension, and moving average support. We could see a bounce and further upside towards Take Profit, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average support, showing bullish pressure.
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Buy when it fallsIt's very clear that EURGBP is going to break out, just a matter of when and what level :D I'm setting my buy level at the lowest edge of the descending channel aiming to climb up all the way to 0.862 to even 0.867 (will open target once reaching 0.86. With current weakness in the pound, Euro may also simply breakout in no time. If you are focused in one trade, then possibly just buy the dips to secure some entries. I only have one setup, so it's either hit and give me profit, or I'll let it go.
RSI on 2H is pretty high, 1H and 4H are well above 50, so there's a potential to breakout anytime soon; if not, I cannot see it breakout within the next 24hours unless pound suffers extremely.