EURGBP buy trade idea 12 07 2021
BUY EURGBP 0.8554
SL: 0.8524
TP1: 0.8574
TP2: 0.8594
TP3: 0.8614
Signal Analysis by LCMS Traders
Currency Pair: EURGBP
BUY EURGBP 0.8554
Timeframe: H1
Step 1 - Previous News: EUR: ECB discussed on a cut in quantitative easing, GBP: -
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: EUR: Eurogroup meetings will be held today, GBP: -
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