Hello everyone,
Here is my thought about EURGBP.
At the moment we are talking, price is at the support right now. The down trend is still strong, however, buy the support sell the resistance. Here is what I think could happen in up coming days. Price could bounce from this support. Profit target should be Fibonacci level from the top to bottom.
Also, there will be news coming out this week for Europe and German (in particular) and GBP news on Friday. Watch for this news and price actions.
If you are agreed with my view on this pair, click a like and leave a comment.
Goodluck to everyone.
Please do your own analysis before trading.
Here is my thought about EURGBP.
At the moment we are talking, price is at the support right now. The down trend is still strong, however, buy the support sell the resistance. Here is what I think could happen in up coming days. Price could bounce from this support. Profit target should be Fibonacci level from the top to bottom.
Also, there will be news coming out this week for Europe and German (in particular) and GBP news on Friday. Watch for this news and price actions.
If you are agreed with my view on this pair, click a like and leave a comment.
Goodluck to everyone.
Please do your own analysis before trading.
Comment:
Best timeframe to enter for swing trading is 4h. Lets wait for the triangle to break before placing your buy.
Comment:
remember to take profit along the way.