EUR/GBP Price Outlook| Uptrend may resume soon Long

Euro Fx/British PoundFXCM

Description

⋅ Oct 13, 2020 7:23 AM

EUR/GBP is approaching the 100-day EMA on the daily chart.
This may trigger some larger institutional buys and help EUR/GBP
pullback to the 0.92 level.

The area between 0.9010-0.9040 is good for buys with initial
TP at 0.9120 and final TP at 0.9180

SL can be placed below the support level.

Trade active

⋅ Oct 13, 2020 11:19 AM

Bought at 0.9022

Trade closed: target reached

⋅ Oct 14, 2020 10:51 AM

Reached initial TP 0.9120

Comments

RROYALTY

⋅ Oct 13, 2020 8:42 PM

already making profits I use fib retracement for the analysis same report

PolarHusk

⋅ Oct 13, 2020 1:08 PM

Testing lower channel support. Looks good. Thanks for sharing your idea 🐻‍❄️😃

YourLazyTrader

⋅ Oct 13, 2020 10:25 AM

Good job. Looks promising

KaltoireCapital

⋅ Oct 13, 2020 11:19 AM

@ProCFDTrader, Thank you

PipsMade

⋅ Oct 13, 2020 10:06 AM

GREAT WORK, PRICE GOT REJECTED FROM 0.90202 SUPPORT ON THE DAILY, TIME TO GO LONG

KaltoireCapital

⋅ Oct 13, 2020 10:23 AM

@PipsMade, Yes, it's above the key mav. So, should resume the uptrend soon.

InkyGrip

⋅ Oct 13, 2020 9:38 AM

amazing work! thanks 🦐

KaltoireCapital

⋅ Oct 13, 2020 9:53 AM

@plancton0618, Appreciate the feedback :)

Fisher_Fx

⋅ Oct 13, 2020 8:52 AM

great analysis thanks

KaltoireCapital

⋅ Oct 13, 2020 9:53 AM

@Fisher_Fx, Thank you