Hello Traders
Here's my analysis of EURGBP.
I hope to see price retrace back to the area of 0.87 before making a push upwards toward 0.886.
If price does retrace back into the red ellipsis I will be waiting for signs of reversal on a 4H and 1H chart before taking a buy.
If price breaks support at 0.87 I wouldn't be surprised to see it drop to 0.84 area, however all is pointing to a buy in my opinion.
Tried to keep as simple as possible.
Please share your views, like and comment and even give me a follow :)
Thanks, Roo.
Please note, I am not a professional trader and do not control the market. These are simple ideas based on what I see and what I have learnt. Please be patient and react to the market, do not try to act for it. Risk is on you if you choose to follow as I cannot be responsible for your Forex account.
Here's my analysis of EURGBP.
I hope to see price retrace back to the area of 0.87 before making a push upwards toward 0.886.
If price does retrace back into the red ellipsis I will be waiting for signs of reversal on a 4H and 1H chart before taking a buy.
If price breaks support at 0.87 I wouldn't be surprised to see it drop to 0.84 area, however all is pointing to a buy in my opinion.
Tried to keep as simple as possible.
Please share your views, like and comment and even give me a follow :)
Thanks, Roo.
Please note, I am not a professional trader and do not control the market. These are simple ideas based on what I see and what I have learnt. Please be patient and react to the market, do not try to act for it. Risk is on you if you choose to follow as I cannot be responsible for your Forex account.