EURGBP - On daily candles it is losing strength it is expected to go down. My approach will be a selling here at current price 0.91000 Maintain stop loss around 0.91600 Potential downside target 0.90100 - 0.89400 Follow the levels as mentioned Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this...
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** The pound is still a strong dollar that did not break the trend, so we will notice a rise if this small channel is broken. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.906). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.906). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
EURGBP on the monthly chart found an extreme resistance around the 0.92 area. That level historically has always rejected the price bit could it make it this time? The market broke on June 2016 the discending monthly channel and start a new uptrending channel since then. Price moved in a range between 0.8350070.87000 and 0.92 since 2017. ON the daily chart the...
Price is testing the 0.9088 level. We've seen price trade both above and below this level since mid-July. Based on the current price action, we're observing weakness on the upside. Here's the run down on the two labels: 1. Price previously held supported and broke below this level. This has trapped quite a few traders who have shorted this break lower as it...
EURGBP on the daily chart retraced until the 0.5 fib level. Price after the impulse is moving inside a descending channel and seems to find support on a daily structure. IF the price will manage to move to the upside and break above the resistance structure we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the...
The price is on a potential support line. We can see a downtrend, I expect the price to continue its movement and go down to touch the target level
Look for short opportunities or a break above channel resistance
Short EURGBP @ 0.9130; TP @ 0.8960, SL your choice
If my trend line holds as a resistance, bears might come in
retesteo lo que fue antes techo y lo rompió, por lo cual si retestea y hace un piso, tendríamos una buena zona de compra
Flag pattern + Weekly support line + Elliot 3rd wave 🚀