Hi Traders! EURGBP buy idea update and follow up is here. On April 6th I shared this “EURGBP Buy Idea From Key Support Zone After Bullish Divergence” post in trading view. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Traders Academy Club. Spoiler alert – free memberships are available!
My Idea
Based on the above mentioned analysis my view was bullish here and I was expecting the price to move higher further in the short term until the key support zone holds. The price action followed my analysis as I expected it to. The price respected the key support zone and moved higher further delivering around 180 pips move until it was blocked by a bearish divergence.
(Note: You can learn about a Killer Forex Strategy “Double Trend Line Principle” here)
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To your success,
Vladimir Ribakov
Certified Financial Technician
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