Price has rejected the strong resistance and is expected to retest the resistance zone for a sell NOTE: SHORT is ONLY VALID IF THERE IS A SECOND RETEST AND A STRONG BEARISH CONFIRMATION
Hey traders, For the last 7 trading days EURGBP remains very indecisive. The pair formed an inside bar formation on a daily and trades within the range of the so called "mother's bar". On intraday time frames we see a horizontal trading range. While the price stays within, the future direction of the pair is unknown. To catch the next move wait for a...
EUR retested a support, 3rd bottom confirmed and the market broke above the 100 MA. Taking longes buddies. Let's swing
we have a perfect trend line and also we have a perfect trend line 3 targets 0.84271 0.84644 0.85120 good luck thank you
when I seen the bearish pennant, I started to look closer and seen that this could be a good trade if the price stays below the resistance line, I think we can see a continuation of the trend.
Based on the current market structure the currency is ranging. Hence there is no clear strong sentiment on what direction the currency will take. If it breaks to the upside we take a long on retest and a short on breaking to the down side on retest. #beprofitable
Earlier, I gave the buy signal. Then I was not in the market but now I have shorted. I'm waiting for a signal from the market and the short open
We are in a consolidation stage so watch out for fake breakouts/Sl hunters as usual. Overall expectations are defined through the blue path. Price has to continue its journey to meet the 1.618 final stop ( bottom red line) before thinking of retracement upwards.
Set up: Price is moving in a range Still made a balanced swing Pivot component met Zoom and re test into press Strong sellers indicated on WRB Entry: If price can reach back upto MA (0.84103) Stop: Above press structure (0.84211) Target: 3:1 RR lower low (0.83780)
This is my forecast setup using SnR. Im expecting the bullish momentum for eurgbp with the creation of HH and HL.
EURGBP is making lower low and lower high . EMAs can push the market in downward direction . SR SL TP are in the chart Result will be updated soon.
Buy if price drop back to demand TP : red lines SP under the LL
EURGBP has been consolidating in a range since the 17th of November after finding support at the 0.38 levels. Since support has been established at this level the price has risen twice whenever price has come down towards this area. The price has fallen from the top of the range and has started to stabilize around the 0.839 regions. The RSI levels on the 1hr chart...