OncleJer
Long

EURGBP showing signs of uptrend continuaton

FX:EURGBP   Euro / British Pound
162 views
8
162 2
EURGBP is currently in a good zone to look for bullish evidences.
I will be searching for entry signs on smaller time frame and look to trade the pair up to the next resistance zone at around 0.86850.
Good luck!
Dec 07
Comment: Pair broke out nicely from correction channel, we are up around 90 pips so far.
Remember to secure profit people, play it safe!
Dec 09
Trade closed: stop reached: Stopped out trailing SL. Will look for other opportunities.
Dec 27
Comment: Got pulled out too fast, looks like it's going on well!
Jan 06
Comment: Almost there!
Jan 09
Comment: Wow!
Thanks for your great analysis and congratz to a nice profit!
Here is my view on EUR/GBP if you are interested:

Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones. If you look at the Cummulative volume on the right you can see two main volume areas. The higher one was formed by cummulation of short trades that went into a strong sell-off. If the price comes there again there is high probability that the sellers will become active again.
Support around 0.8544 is very strong because it lies exactly at at a place where the heaviest volumes of the day were created. From this place the price shot higher indicating strong buyers in this area.
If trading those levels be extra carefull and dont trade during strong GBP news.

If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
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