EUR/GBP Long-Term Trend: Bullish
Key Resistance Levels: 0.84331, 0.84505, 0.85000.
Key Support Levels: 0.84122, 0.84005, 0.83910.
1-Hr Time Frame:
The price on the higher time frame is in a clear upward movement where higher highs and lows has been posted. The market posted a huge bear bodied bar which appears to be a trap for bears. The price rebounded quickly and now it is about to move upward.
EUR/GBP Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction might be posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 0.84157
Target Profit 1 @ 0.84331
Target Profit 2 @ 0.84505
Stop Loss @ 0.83983
Trade Safely 🙂