A Strong support on the zonal area, Long term uptrend on H4/H1 Timeframes combined with a fib retarcement of 50% and a double pullback confirms a long opportunity. TP: 1.39480
Trend is your friend. A clear bounce off the trendline in both H1 & H4 timeframes with bullish engulfing candles. A TP of 60-70 Pips!
I expect the price to respect the H4 trendline and continue in its downtrend. Multiple confluences confirm this with a strong ressistance zone which it had failed to break. Good Opporunity to sell in my opinion. Target; 50-60 Pips Although a break above this ressistance level and long term down trend will possibly confirm a reversal with bullish momentum over...
Sell opportunity on EJ - Multiple wick rejections on strong supply zone in H4 & H1 timeframes and a strong rejection on the daily chart in a ranging market indicates a move downside to retest demand levels again. RR 1-3 with a max TP of 73 Pips
Break and retest on multilpe timeframes on the long side in addition to news on Brexit deal indicates a strong bullish trends targetting new highs. Risk/Reward is set at 3 = 156 Pips Target, although I would look to trail my stop in line with the trending market structure.
Ranging market. Long at Key support level with stop below market structure. TP set at resistance level - around 50 pips to be had here.
Multiple confluences with strong zonal and trend line resistance with wick rejections creating a perfect double top sell opportunity.
Multiple retests on strong resistance area confirms a sell trade with a target set at key support level
EUR GBP Buy Signal. - Multiple confluence on long term trend line support - Earlier dump to be corrected (21/12) - Weakening Pound after news on latest Covid Variant, Travel blocks from EU & the world in addition to a bleak outlook on Brexit makes Euro an attractive buy
Entered Long on breakout of a H4 and H1 Trendline targeting key resistance levels. This together with the Brexit news on further uncertainty weakens the pound.