TradingView
ForecastCity
Sep 29, 2020 3:07 PM

Don't miss the great buy opportunity in EURGBP Long

Euro Fx/British PoundFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.906). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURGBP is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.

Take Profits:
TP1= @ 0.9143
TP2= @ 0.9178
TP3= @ 0.9220
TP4= @ 0.9290
TP5= @ 0.9385

SL= Break below S3

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Trade active

355 pips profit...
Total Profit: 355
Closed trade(s): 83 Profit
Open trade(s): 272 Profit



Update Details:

Closed Profit:
TP1 @ 0.9143 touched at 10.07.2020 with 83 Profit.

Open Profit:
Profit for one trade is 0.9128(current price) - 0.9060(open price) = 68
4 trade(s) still open, therefore total profit for open trade(s) is 68 x 4 = 272
All SLs moved to Break-even point.

Take Profit:
TP2= @ 0.9178
TP3= @ 0.9220
TP4= @ 0.9290
TP5= @ 0.9385
Comments
Josef_anderson
Very cool view, thanks for sharing
ForecastCity
@Josef_anderson, You're welcome!
ForecastCity
@Josef_anderson, What's your view?
Mehmetozdemi
Thanks for your clean charts. I always admire your work.
ForecastCity
@Mehmetozdemi, You're more than welcome
ForecastCity
@Mehmetozdemi, Thank you for your support
mono24
nice
ForecastCity
@mono24, Thank you for your comment.
Pro_Trader_007
I agree with your idea.👍
ForecastCity
@Pro_Trader_007, Thanks for your support. 👍
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