Euro/Great Britain Pound show us a good point that you would need to know for possible long position that I feel.
To know more deep, in H1 we forming a little symmetric triangle flag, but that generally could be reversal as continuation of the trend.
But you would need to pay attention the key point in H4 and Daily timeframe that I will enfocous in these analysis here.
In H4 I mark by yellows circle the exaclty point that you must to watch and also I draw a finite red line that you can to understand it how this manipulation work.
And finally, this it's my Daily analyssi that I show you fundamentally the key point to look.
So, Euro could to hit 0.8384 GBP as chance to find up good position but I prefer to take profit in my exactly red line target to 0.8365 GBP.
Also, I see a long position right now as that it's key manipulation to watch. I entry around 0.8284 GBP and SL to 0.8260 GBP (24 pips) and target to 0.8365 GBP (81 pips)
To know more deep, in H1 we forming a little symmetric triangle flag, but that generally could be reversal as continuation of the trend.
But you would need to pay attention the key point in H4 and Daily timeframe that I will enfocous in these analysis here.
In H4 I mark by yellows circle the exaclty point that you must to watch and also I draw a finite red line that you can to understand it how this manipulation work.
And finally, this it's my Daily analyssi that I show you fundamentally the key point to look.
So, Euro could to hit 0.8384 GBP as chance to find up good position but I prefer to take profit in my exactly red line target to 0.8365 GBP.
Also, I see a long position right now as that it's key manipulation to watch. I entry around 0.8284 GBP and SL to 0.8260 GBP (24 pips) and target to 0.8365 GBP (81 pips)
Note
We're ok in H4 timeframe and the price action it's still with bull signal. Remember these psycological point that it's manipulation zone to watch in H1 timeframe.
in H4 timeframe still bullish in that analysis here. At the moment, we're ok in this trade
As in Daily it's ok
Note
At the moment, EURGBP it's climb as I hoped. Well guys, we're in profit and that buy zone was excellent in this trade with over 45 pips in profit.
Congraluations!!!
Also, move the SL to 0.8276 GBP to make a break even with 9 pips of Loss. We're in profit with over 40 pips
Note
In H1 timeframe, EURGBP forming a bearish channel flag but break up in my side as I hoped too to bullish.
So guys, I'm enfocous in H4 as I se good result in it.
Trade closed: target reached
In this trade on Euro/Great Britain Pound. Euro goes to my favor as I knew it very good and hit my exactly target profit of 0.8364 Pound and worked this analysis perfectly. +79 pips earned
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.