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EUR/GBP Potential Upward Movement

EUR/GBP Long-Term Trend: Bullish

Key Resistance Levels: 0.8482, 0.8534, 0.8575

Key Support Levels: 0.8374, 0.8325, 0.8267

Daily Chart:

The price on the higher time frame has been trading in a range for months and after facing a rejection from the downside recently the price picked up momentum. We see that the upper range has been broken and we should expect further move in the direction.

EUR/GBP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The pair has formed higher highs and there is a trendline that is being respected. We saw a breakout of a minor resistance level and the price has done a retest of that level before continuing the trend.

Signal Idea:

Buy Limit Order @ 0.8429

TP 1 @ 0.8474

TP 2 @ 0.8519

Stop Loss @ 0.8384

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

8 comments

  1. Has there been any updates to this open trade since Monday as it appears to be pulling back after a decent run up to, but not quite htting TP1?

  2. Hii,
    Is this trade still working or not?
    Because it broke it’s trend line, which you made, will we hold this trade or what?

  3. I been following ur signals almost every day and I have to say that I’ve been making good profits on my demo despite small losses here and there. I plan to join the the vip very soon as I’m testing the waters. I want to swing trade because I’m a beginner.

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