EURGBP is trading inside a Triangle with its bottom being Support (1).
This Support held on April 4th and the pair is rebounding.
Today's pullback gives another buy opportunity.
Trading Plan:
1. Buy for as long as the price is closing over Support (1).
Targets:
1. 0.88225 (under the MA50 (1d) and within a +1.10% rise and Fibonacci 0.382). Each of the Triangle's previous Highs broke over a Fibonacci level.
Tips:
1. The RSI (1d) is under a 2 month Falling Support. Keep an eye for the long term. A crossing over it, may signal a long term bullish breakout over the Triangle.
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This Support held on April 4th and the pair is rebounding.
Today's pullback gives another buy opportunity.
Trading Plan:
1. Buy for as long as the price is closing over Support (1).
Targets:
1. 0.88225 (under the MA50 (1d) and within a +1.10% rise and Fibonacci 0.382). Each of the Triangle's previous Highs broke over a Fibonacci level.
Tips:
1. The RSI (1d) is under a 2 month Falling Support. Keep an eye for the long term. A crossing over it, may signal a long term bullish breakout over the Triangle.
Please like, follow and comment!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.