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 🚀
Trendline resistance turned support and might probably break and turn to a resistance once more. Also price has created a lower high. Lets see
Depending on the closure of the candlestick, I will place a trade if I see that the candle aligns and gives me confidence in this trade set up to place a position.
Great short opportunity for the week on the EUR/GBP pair. A double top pattern emerges, I expect the neckline to break. The target price is the following key level.
My opinion of EG, i think is going low the support, then going up !
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9145). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9145). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
EURGBP created a bear flag and after testing the structure around 0.92100 has broken below till the support area at 0.91500. Price is currently retesting the lower trendline of the channel. IF the market will break and close below the support structure we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the...
EUR_GBP ON A SUPPORT LEVEL| FORMING HEAD AND SHOULDERS PATTERN| IF BREAKOUT>>>SHORT| (1) Wait for breakout (2) Make sure its confirmed (3) Go short (4) Approximate targets on the chart _________________________________ LIKE and SUBSCRIBE for LUV|
We had a barish impulsive move away from the monthly TL Price then entered a correction period before breaking out to the downside We then whitnessed another short correction period before another break and a bearish push to the underside of the 1h 200ema This trade looks really good, but this is forex and anything can happen.
EURGBP is showing good signs on its 4H chart of bearishness and here is why we believe that is so: Price action on the 22nd of September created a potential bearish candlestick which tested the 38.2% fib of the recent high to low. Price action is also potentially creating a lower high and I would not expect price to head above (close) the 30% fib, if it does,...
EURGBP on the 4h chart couldnt make new highs. Market created the spike over the minor resistance structure and turn for the break of the flag formation. IF the market will break and close below the structure we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below...
EURGBP sees nice support from trendlines ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too. Until next time, see ya!