FullTimeTrader
Long

EURGBP-simple trendline strategy

FX:EURGBP   Euro Fx/British Pound
341 2 2
Accorgind to my monthy analisis:
EURGBP-time to think bullish-bat at play at M1 chart


I think this pair is bullish . Here on D1 chart we can see the price broke the internal and the medium term trendline.
This setup forms two "buy zones", so we must look for opportunities to enter long. We can enter at curret price or wait for a retracement for a best R/R ratio.

Price tends to reach the long term trendline also. We have a morning star pattern at main pivot point, this could be the beginnigh of a bullish rally.

Regards
Nightwish
2 years ago
I agree on bullish, disagree on "morning star" pattern, simply because of its location ( wrong place ) ; inverted hammer - I would agree. Cheers
Reply
Maxun PRO
2 years ago
Nice! Also there is a gartley pattern completing in the zone between R1 and R2.
Reply
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