FullTimeTrader
Long

EURGBP-simple trendline strategy

FX:EURGBP   Euro / British Pound
342 2 2
Accorgind to my monthy analisis:


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