HELLO TRADERS, THIS IS A TRADE PLAN BASED ON TECHNICAL ANALYSIS AND I AM CONSIDERING GOING LONG ON THIS PAIR.

EURGBP DAILY

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE IS BEARISH SHORT TERM, 8 IS ABOVE THE 5. RESISTANCE IDENTIFIED AT MM3, MR1, MM4. SUPPORT IDENTIFIED AT MPP, MM2, MS1. STOCHASTICS IS OVERSOLD. 21 EMA PLAYING DYNAMIC RESISTANCE. PIVOT POINT THEORY PREDICTS BULLISH TARGET OF MPP IS MR2.

EURGBP H4

MARKET IS SIDEWAYS, MOVING AVERAGES ARE CURRENTLY FLAT. RESISTANCE IDENTIFIED AT WPP AND WM3. SUPPORT IDENTIFIED AT WM2 WHICH COINCIDES WITH MPP. STOCHASTICS IS HEADING SOUTH. MY PLAN IS TO GO LONG AT SUPPORT, HOWEVER I AM WAITING FOR THE H4 STOCHASTICS TO BE OVERSOLD AND ALIGNED WITH THE DAILY CHART.

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