EURGBP TECHNICAL ANALYSIS SCALP TRADE 30MINUTESBREAK OUT OF THE SUPPORT RESISTANCE, FORMATION OF HIGHER HIGHS AND HIGHER LOWS.
Eurgbplong
EURGBP Long / Buying a key support, Possible Head & ShouldersHey guys!
Happy new week! I know its MLK day in the US, so their markets are closed, but that does not mean there are no opportunities in the markets! - We actually took home a few winners already, and I think we could get this one too!
Ok, so this trade is based on a few ideas, and here they are:
Price is at a strong support level
Possible H&S pattern, seen on 4H, and 1H
On the 10m chart, we are making higher highs and higher lows
RSI is coming out of the oversold zone
EUR has been pretty weak all last weak, some relief could come
I hope this helps you with your trading decisions and results today!
All the best! And PS, make sure you check out our signature below!
EURGBP / LONG FX:EURGBP
S/L 0.88631 - T/P1 0.89474 - T/P2 0.90321 - T/P3 0.90823 - T/P4 0.91440 - T/P5 0.92097
EURGBP ANALYSISEURGBP ANALYSIS
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Idea is not the financial advice!
EURGBP Bullish trendAs the week starts it will start of slow , some consolidation is expected, best to start of with risk affordable lots first , ones we get a goo bullish momentum that is when we can add new positions and use bigger lots
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.
EURGBP Buy IdeaHey traders, here is the analysis for the EURGBP. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
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 LongsHere EURGBP has reached to weekly support level. Now it has broken the previous high and ready to climb.
If you are taking this trade, please do risk and money management.
Thanks
EURGBP daily longeurgbp has reached a support which was respected a lot of times now ill be looking for buys on the support
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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EURGBP, tries to break the strong support, LongEURGBP, tries to break the support but the momentum is WEAK.
+ Oversold
+ The Momentum is weak
+ The price action tells further advance
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
