EURGBP after breaking below the descending channel found support exactly over a weekly support. The price bounce and created an inverted head and shoulder. IF the price will break above the neckline we will set a nice long order according to Plancton's strategy- ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure...
TRADE IDEA EXPLANATION: - Referring to the 4H chart, what we will look for to get involved in this pair is what we indicated on the chart. - After the break of the Ascending Channel, we expect a penetration of the Support Zone and a Corrective Pattern (Flag, Pennant, Zig-Zag, triangle). - If this is formed, we will place our bearish position after the breakout...
1h and 15m time frames: two harmonic patterns simultaneously, Garttly & Butterfly. we have RSI and MACD buy signal too. in D1 time frame there is reaction to the 0.786 price retracement line. I place buy stop command. stop loss line shown on chart.
EURGBP on the daily chart after hitting the recent highs over a monthly resistance started a retracement move inside a channel. The price hit now the 0.786 over a daily support. IF the price will break above the structure at 0.90 area we will set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure ->...
🔸4H CHART EXPLANATION: . . 🔸This pair has been on a huge corrective move for the last months. . 🔸Our view is not ready yet, but we are waiting for a bullish breakout of the Ascending Trendline. . 🔸If that happens, then we will look for a corrective move to get involved. . 🔸The bullish target is the Resistance Zone.
Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Very bullish price action and pressure. 4 HOUR Expecting further upside movement from this pair! DAILY Overall market turned bullish, following this trend. - FOREX SWING BUY EURGBP ENTRY LEVEL @ 0.90310 SL @ 0.89900 TP @ 0.90920 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
EURGBP on the daily chart is moving inside a descending channel within a bigger ascending channel. The price after touching the lower trendline bounce until the weekly resistance area at 0.90600. IF the price will break and retest the support structure at 0.89700 and consequently break the channel, we will set a nice short order according to Plancton's...
EURGBP is testing the ascending channel support. Breakout above minor downtrend resistance could be a bullish signal ⬆️.
Euro have better fundamentals than GBP and also we are at the bottom of a daily channel, so reversal to the upside is the most-likely scenario
I usually consider triangles a good opportunity! This triangle has been mixed with Elliot by the way! Personally I went long for this pair! Anticipating the price to reach an area rather like the high of prior rectangle and more. Put your stop below the right red rectangle! Bests !
EURGBP - Intraday - We look to Buy a break of 0.9044 (stop at 0.9004) There was little net movement as we continue to consolidate within the 0.9149 - 0.9007 range. Bespoke resistance is located at 0.9044. A break of 0.9044 is needed to confirm follow through bullish momentum. The 50% Fibonacci retracement is located at 0.9149 from 0.9291 to 0.9007 Risk/reward is...