Recommendation for EUR/GBP:Buy
Buy Stop : Above 0,87Stop Loss : Below 0,847
RSI : Buy
MACD : Buy
MA(200) : Neutral
Fractals : Buy
Parabolic SAR : Buy
Bollinger Bands : Neutral
Chart Analysis
On the daily timeframe, EURGBP: D1 went up from the downtrend. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if EURGBP rises above the last high: 0.87. This level can be used as an entry point. We can place a stop loss below the Parabolic signal and the last lower fractal: 0.847. After opening a pending order, we can move the stop loss to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. after the transaction, the most risk-averse traders can switch to the four-hour chart and set a stop loss, moving it in the direction of the trend. If the price meets the stop loss (0.847) without activating the order (0.87), it is recommended to delete the order: the market sustains internal changes that have not been taken into account.