Structure CHoCH on H2 Occurred. Market Induced Early Buyer to Build Internal Structure Liquidity. Lets Expect Price to Come to Tap Our POI Zone.
Wait for MSS (Market Structure Shift) on M5/M15
Then Enter!
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The price of the Euro will rise in relation to many currencies,
including the British pound.
The price will rise to the resistance level to the level of 0.95000.
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This idea does not provide the financial advice.
Buying from strong Support levels are one of the simplest trades that a trader can execute.
EURGBP is at such a situation right now.
It has bounced from a multi-year support level but price didn't go too far away from the support level.
So, traders have the opportunity to go long again.
My plan is to keep buying the dips between 0.8300-0.8500 with SL below...
EURGBP has bounced off major support at 0.8689 (Fibonacci extension, multiple horizontal swing low support) and it has also broke out of a recent descending resistance line signalling that we could be seeing more bullish momentum. Price could rise up to our next major resistance at 0.8847 (Fibonacci retracement, horizontal overlap resistance, Fibonacci...
