short near 0.7850 short after trendline break confirmed target near 0.75(350bp);sl 100-150bp
too steep of a trendline, needs some retracement - both trades offer a good RR ratio; 1 to 2 and 1 to 4. Enjoy
BAT PATTERN PAIR: EUR/GBP TIME-FRAME: 1D TRADE: BAT PATTERN Good morning traders. We have a nice Potential Reversal Zone on the EUR/GBP Daily time frame. I don't personal trade the daily, but will need to look for a case for entry on a lower time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before...
Gartley pattern is finished @0.7887 near the key resist level, but price found some support @0.7863 which might pull the price little up to retest the resistance level and form double top. Traders who missed the trade have an opportunity to get involved if the price retests the reversal zone. Stops should go above 0.7895 and our target zone will be between fibs...
The GBP was under a heavy pressure since the beginning of the year as there were no clear advantages on keeping the Great Britain within the European Union and the referendum on leaving the European Union was approaching. This Saturday the Prime Minister announced the Referendum on the 23rd of June and inspired the citizen to keep Britain in the Union as EU...
High test candle on the weekly, strong momentum down on the 4 hour. Weekly fib 50 retrace is below the .75 key level. macd and rsi showing downward momentum. 4 hour making lower lows and lower highs. Getting in early - will have to wait and see how this one plays out.
Here on the #EURGBP pair during 2015 price was mostly on the decline then was stuck in a range where price was at its lowest in 5+ years. On the weekly price has formed an inverse H&S reversal pattern, broken a major descending TL and our MA's are turning to the upside all suggesting huge #bullish momentum. However we have a great looking, high probability...
I have gone long the EUR/GBP due to confluence with fundamental central bank policy from the Bank of England and bouncing from a decent level of prior resistance turned support. This trade offers a good risk reward scenario also.
EUR/GBP is extending downside after rejection at channel top resistance on Feb 11th trade. Downside for now is seeing minor support by 10-DMA at 0.7717, breaks below could see the pair test channel base currently at 0.7630. The following indicators support our argument for downside in the pair: - RSI is retracing after hitting near 70 levels and points south -...
The price is moving in an uptrend channel. My targetis at 127.20% of fibo extension
1. As shown we are in a channeling uptrend idea of this is to try ride the uptrend as soon as possible 2. Channel support being tested showing price rejection 3. Horizontal support area 4. Fib 38% Seems to be holding 5. Potential inverted hammer being formed 6. Arrows on price showing measured moves to the upside
POTENTIAL TRADE OPPORTUNITIES PAIR: EUR/GBP TIME-FRAME: 1HR TRADE: POTENTIAL TRADE OPPORTUNITIES Every day I come into the markets and do my analysis accordingly. The best part about this, is if nothing comes to fruition, then we simply start our analysis again until the market comes to us, giving a valid Trade opportunity. NOTE: These are...
Bearish Gartley, counter trend trade, target is a sup/res level, 70 pip risk to about 220 return, but the main trend does look bullish. will be looking for long positions after price hits at least around the 0.7460 area. Manage risk.
GARTLEY PATTERN PAIR: EUR/GBP TIME-FRAME: 4HR TRADE: GARTLEY PATTERN Currently getting involved with a Gartley Pattern on the EUR/GBP 4HR time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com ...
BAT PATTERN PAIR: EUR/GBP TIME-FRAME: 15M TRADE: BAT PATTERN Bat Pattern forming on the 15 minute time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
CYPHER PATTERN PAIR: EUR/GBP TIME-FRAME: 15M TRADE: CYPHER PATTERN See if we can get a fill on our pending orders for this Cypher Pattern on the 15minute. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com ...
BAT PATTERN PAIR: EUR/GBP TIME-FRAME: 4HR TRADE: BAT PATTERN If we hold our C point here above A, and get a move up to our D-Point, we can look to sell the market @ the Bat Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: ...
One of the Pattern trades we identified in the Live Room today. Thank you to everyone who joined, looking forward to seeing you all tomorrow. GARTLEY PATTERN PAIR: EUR/GBP TIME-FRAME: 1HR TRADE: GARTLEY PATTERN Gartley Pattern hitting both targets on the EUR/GBP 1HR time frame. NOTE: These are potential trade opportunities. Please ...