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 ...
We are waiting to see how this plays out . Thanks for viewing my idea Please like and comment
Trading plan on a current mid term situation. Instructions on how to read labels on a graph: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the...
Despite the events in EUR, i feel that the price is undervalued. From my technical view there is a strong rejection of the .70 level (triple bottom formation) I am expecting some bullish momentum to the upside as indicated. As long as we stay above the ~.75 level, i believe we can hit .78 then .81. Awaiting a break of the penant. -Safe Trading and Best Regards
EUR/GBP has been trading a rising channel since Dec 2015, broke above channel top on Friday, 15th trade, but has been struggling to extend gains beyond. The pair has dipped below 0.7640 (channel-top) which is strong resistance level, expect further consolidation before next move higher. A relatively data-heavy week for the UK, with CPI reading on Tuesday,...
BAT PATTERN PAIR: EUR/GBP TIME-FRAME: 1HR TRADE: BAT PATTERN Waiting for a Long opportunity on the EUR/GBP 1 Hour time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Short: 0.764 SL: Breakeven Target: 0.758 If break support, let it run. If bounce back, take profit.
Here we have a corrective structure that has lasted almost 7 years, we have retrace more than 80% of the last impulse and now price has recently broken out of the smaller correction which had been going on since March 2015 and provides an opportunity to go long until the top trend line of the larger correction. Previous lookout for a short setup did not...
Two high test candles, tweezer tops, bullish momentum slowing Thoughts? Im new to trading!
EUR/GBP trades a rising channel, the pair is likely to extend consolidation before it resumes uptrend. A flag pattern is observed on daily charts, RSI strength seen on daily and weekly charts, with scope to run further. We forecast a 0.7554-0.7475 range for this week. Immediate support is seen at 0.7420 (23.6 % Fib of 0.6981 to 0.7554 rise). On the topside...
EURGBP short call back to the trend line
Markets disappointed by below estimates Euro zone CPI figures, EUR bulls spooked by disappointing numbers. Euro zone Dec CPI data came in at 0.2%, the same seen in Nov, but below Reuters forecasts for a 0.3% rise, core CPI slips to 0.8% from 0.9% in the previous month. EUR/GBP slipped to hit daily lows near key support zone around 0.7330, but pared losses to...
My opinion for FX_IDC:EURGBP from a technical standpoint. I am waiting to see a few bars and their closes/touches.
EUR/GBP has bounced back from strong trendline resistance at 0.7408 in Tuesday's trade, successive Dojis at highs raises scope for downside. Despite recent consolidation, 0.7342 rising 10 DMA has held, close below would target pivotal rising 0.7289 20 DMA. Momentum studies are neutral, 5-DMA at 0.7363 is immediate support on the downside ahead of 0.7314 (23.6 %...
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