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EURGBP Long Position
Seasonality Analysis: Historical seasonality trends indicate a bullish pattern for EURGBP during this period. This suggests that the currency pair tends to rise during this time of the year.
Trendline Break: A break above a significant trendline indicates a shift in market sentiment from bearish to bullish. This suggests that the buyers are gaining control and the price is likely to continue higher.
Price Printing Higher Highs (HH): The price making higher highs is a confirmation of an uptrend, indicating strong buying interest.
Enter a long position on EURGBP at a retracement to a key support level, such as a previous resistance turned support, a Fibonacci retracement level 0.618
Trendline Break: A break above a significant trendline indicates a shift in market sentiment from bearish to bullish. This suggests that the buyers are gaining control and the price is likely to continue higher.
Price Printing Higher Highs (HH): The price making higher highs is a confirmation of an uptrend, indicating strong buying interest.
Enter a long position on EURGBP at a retracement to a key support level, such as a previous resistance turned support, a Fibonacci retracement level 0.618
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