Price has consistently remained above the support outlined in the chart and has broken the diagonal trend line. RSI is also giving a bullish signal. Stop has been placed below support area as well as trend lines
As you can see from the explanations on the screen we are lining up for a possible bullish setup on EURGBP.
It really depends on specific price action and candlestick analysis
So, FX:EURGBP is in a ranging market, and I see a good long opportunity here. We have flag pattern with structure support confluence (see red zone), which is a strong wall for this pair right now. We can involve in this setup in two ways:
1. Buy on breakout (it is a better choice)
2. Buy at support red zone
And our target 1 will be @0.7355, Although, if the...
Great Opportunity on EUR/GBP. Very high probability trade.
Price is in consolidation zone zone, where there is a support at 0.7262.
Bat pattern appears, with an amazing risk/reward.
T1 - 38.2%
T2 - 61. 8%
Note: Avoid trades on high impact news. NFP coming today.
