Euro / SterlinaLong
EUR over GBP
EUR has been under pressure from long whether it comes to about USD to GBP.
But it looks like with negotiaitions open between Ukraine and Russian, EUR downfall can come to end
From the chart, try to understand two reversal patterns:
1. Inverse Head and Shoulder
2. Multiple bottom
Ever since late 2016 this zone of 0.828 to 0.832 has been a solid support for EUR against GBP, and this time also the currency pair looks to take support from that zone and take a bounce, out of all the bottom created this time, the EURGBP has formed a potential inverse Head n Shoulder pattern. the pattern is yet to be completed. but an early entry on 2H candle close above 0.837 can be done and more can be added on minimum three 4H candle close above 0.8410.
On upside, we can see EURGBP doing - 0.8475 and 0.8650
keep the stoploss of 0.828 initially and when it trades above 0.841 bring your stoploss to entry levels.
keep trailing, happy trading!!
always follow stoploss, never let your ego win over Stoploss.
But it looks like with negotiaitions open between Ukraine and Russian, EUR downfall can come to end
From the chart, try to understand two reversal patterns:
1. Inverse Head and Shoulder
2. Multiple bottom
Ever since late 2016 this zone of 0.828 to 0.832 has been a solid support for EUR against GBP, and this time also the currency pair looks to take support from that zone and take a bounce, out of all the bottom created this time, the EURGBP has formed a potential inverse Head n Shoulder pattern. the pattern is yet to be completed. but an early entry on 2H candle close above 0.837 can be done and more can be added on minimum three 4H candle close above 0.8410.
On upside, we can see EURGBP doing - 0.8475 and 0.8650
keep the stoploss of 0.828 initially and when it trades above 0.841 bring your stoploss to entry levels.
keep trailing, happy trading!!
always follow stoploss, never let your ego win over Stoploss.
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