EURGBP - Long setup develops on 4H chart

FX:EURGBP   Euro / British Pound
103 1 5
Below you can find my my analysis on possible GBP weakness.

So far GBPUSD             short has been performing well due to general USD buying, but maybe the time for an EURGBP             long is very close too.

- Ichimoku setup turned turned to neutral from bearish , and it looks like Kijun Sen provided a resistance. Price is shaded by future Kumo, trades ard             very short term equilibrium.
- Heikin Ashi gives a buy signal after price retested but could not break Kijun Sen supp/res.
- upper supp/res is ard             0,7125-0,7130.

More agressive traders can try to buy it now with 0,5 trade unit and with wider stop loss, conservative traders should wait a bit more until it really breaks above 0,7125.
Pay attention! It is very close to break the trendline and make a bullish Kumo breakout on the 4H time frame.
On daily we have the first bullish Heikin Ashi candle, and Price may hit SAR point soon.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out