Eurgbplong
EURGBP LONG SETUPBoth of my previous analyzes of the EURGBP pair were successful. However, the EURGBP is rising again after a long decline. Two mathematical catalysts, force index 13 and 2, are used to make an additional assessment. The histogram 0 axis of both indices is passed upwards. From this we can conclude that a bull trend will start.
EUR/GBP Swing trade while in this rangeEUR/GBP is in a range, it has just reached the bottom of the range so is a good opportunity to go long from here with a SL just below the support level this is quite safe. Long term I think the GBP will be stronger so I am not sure whether this will reach the top of the range again, with this in mind keep an eye on this breaking the support level.
EURGBP potential longLooking for potential bounce here in range. Then potential shorts from 0.618 fib. I will look to take some profits here and evaluate again nearer the target. Some potential for some pips though. Always risk what you can afford, and follow an appropriate risk management strategy.
EURGBP long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
EURGBP BUYSTOPeurgbp is consolidating and its in a correction move wait for the 3rd touch in small support area and take a buy order , as expected it will break impulsively and will give good profits ( I anlysed it for hours and its expected to move up according to my analysis ) MULTIPLE TIMEFRAME ANALYSIS
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FALCON STRATEGY
EURGBP: LONG Idea on this CHANNEL'S SUPPORT levelHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since December, the price started following a clear descending channel, many bounces on the dynamic support level confirmed this channel.
At the end of December, the price reached a daily resistance zone at about 0.90882, getting a strong rejection and it also failed the second attempt happended during the first week of January.
The price actually reached an important area for two reasons, the first one is the dynamic channel's support and the second reason is about the weekly secondary trendline, that previously rejected the price three times. The next price action is essential to understand the next market's movement.
CONCLUSION:
I believe the price will get a trend correction, trying to reach the next resistance level. The volatility is actually high and the price overbought, that is essential to know in this specific moment.
IF THE PRICE will clearly bounce on the support level, we could get a great long opportunity, my first target is around the level 0.89900 and eventually the price will continue the uptrend I'll hold my position until the next resistance zone at about 0.90900.
Stay tuned for updates!
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Gianni