The golden cross between 50 EMA and 200 EMA signals for a future upward movement. There is stronger support level at 1.2930 which is suitable for entering into a long position. It is safe to take profit at 1.34 and stop loss at 1.2900
After breaking the resistance line EUR/GBP 0.27% is on course for another upward movement. Be aware of the divergance between MACD and the price movement, indicating that along the way there may be a decrase. It is safe to take profit at around 0.9200. Place a stop loss at 0.9030 :))
After breaking the resistance line EUR/GBP is on course for another upward movement. Be aware of the divergance between MACD and the price movement, indicating that along the way there may be a decrase. It is safe to take profit at around 0.9200. Place a stop loss at 0.9030 :))
The correction has ended and now we will wait to see another upward movement. At around 1.2900 we can take profit.
The end of the downward movement is over. There is a divergance between MACD and the price movement. Take profit at around 1.2900
The summetrical wedge indicates for possible future upward movement. There is an upcoming rise, where the upper line of the wedge could be tested. If there is no breakout we could witness another fall, before the next test. After the wedge is broken take profit at around 115.
There is an upward price channel and a suppornt level around 1015, signaling for future price increase. Take profit near the upward line of the rice channel.