EURGBP Analytics based on the circular level, price channels and altered wave analysis.
09/04/2019 prognosis and recommendations EURGBP
The general movement of the currency pair EURGBP rising. EURGBP The pair is trading above the Ichimoku cloud and on indikatoreAwesome Oscillator formed a bullish divergence. Range Round secondary level 0.9020 hinders sellers. Possibly, the downward movement is wave (C) the ascending structure.
On H1 timeframe formed downward truncated design at the end of which we are considered purchases.
Forex Trade Idea EURGBP:
Buy EURGBP MOST for forming uplink wave structure (pattern 123), where the wave breaks A downward sloping channel structure. Buying EURGBP to break through the top of wave A.
Stop Loss - 0.9015 (more reliable); 0.9050 (short).
Target levels - 0.9120 (closing part of the transaction and transfer to breakeven); 0.9190; 0.9320
Author: Eugene Boguraev Grand Capital
Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.