EURGBP Long Setup - 4hr Breakout
EURGBP can be construed to be in a continuation of its long term uptrend with a dispersal triangle pattern on the daily. If this is the case we are due a move back up to the uptrend and a breakout of this shorter term downtrend shown on the chart.
As we are approaching the lower positive trend we are getting ever closer to a long opportunity where we will be targeting the level shown on the chart at TP1. We also have some bullish divergence to suggest a breakout move is on the cards.
EURGBP has a strong bullish sentiment over the last few months helped not least by news events and subsequent predictions that the European currency is due to reach 1:1 with the pound as British uncertainty continues. Buy.
As we are approaching the lower positive trend we are getting ever closer to a long opportunity where we will be targeting the level shown on the chart at TP1. We also have some bullish divergence to suggest a breakout move is on the cards.
EURGBP has a strong bullish sentiment over the last few months helped not least by news events and subsequent predictions that the European currency is due to reach 1:1 with the pound as British uncertainty continues. Buy.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.