EUR/GBP analysis

[June Moon]

0.8852 is a strong support zone from where market started coming back to bull and hopefully keep moving up for many pips indeed. To the short time trader a signal is to be given like they should make an entry at 0.8873 for the target at 0.8938.

 

[Tom Latham]

0.8852 is a strong support zone from where market started coming back to bull and hopefully keep moving up for many pips indeed. To the short time trader a signal is to be given like they should make an entry at 0.8873 for the target at 0.8938.

Interestingly, I am also waiting for re-touching the same level (@.8852)! Yes, last week I had a buy scalping trade here with 20 pips TP and 8 pips SL and I got my TP within one hour! In addition, if I open any buy trade here then my initial target will be above 0.9031.

 

[lioneld]

Interestingly, I am also waiting for re-touching the same level (@.8852)! Yes, last week I had a buy scalping trade here with 20 pips TP and 8 pips SL and I got my TP within one hour! In addition, if I open any buy trade here then my initial target will be above 0.9031.

Now we are in a range (H1) & here I am waiting for breaking this range; overall it’s bullish trend, and if the market breaks the recent upper level, then I might be buy this currency pair.

 

[Oscar Shumack]

The result of technical analysis becomes more cogent when fundamental analysis is accompanied with it. Over time, you have to earn the knack in both technical and fundamental analyses.

 

[SaadBinToha]

Some people think Forex is scam just because it’s a decentralized market. But they don’t know that this decentralization kept the market away from manipulation.

 

[Aaron_0]

Scalpers use small time frames like m15 to m30 and long-term traders use h4 to w1. So, traders should trade in the market considering the suitable timeframe for them.