Mid-Term Forecast Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.918). 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...
Mid-Term Forecast Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.918). 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...
The exchanging combination between Euro and British Pound continues: Diagram 1 Here we are dealing with the capture of the lows, when we successfully trapped our opponent at 0.830 live together . All the pound buyers are having to face up to the disappointment that the said Oven ready deal is cheerfully the most damaging attack on the UK economy. ...
After the sharp impulse EURGBP has found support on a 4h structure. Market never retraced back and will possibly look for the 0.382 fib level retrace. IF the price will manage to break and close below the support we can look for a nice short order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please...
Price currently approaching my long term trend line. If it holds then we fall, if it breaks then we could be expecting a fall from my upper trend line. Till then lets see
+4.5% growth during the last 10 days on EURGBP . Pound keeps losing its grounds on brexit news. however, based on 3 days chart analysis you can see that the market is facing a crucially important zone of supply. its lower boundary - 0.93 level is based on 2019's structure high (immediate bearish reaction followed and -10% drop ) its upper boundary - 0.95 is...
EURGBP on the daily chart is moving inside a discending channel. MArket recently got rejected by the weekly support and now testing a daily resistance. IF the market will break and close above the 0.90 area and consequently break the channel we can set a nice long order according with Plancton's strategy. –––– Follow the Shrimp 🦐 Here is the Plancton0618...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
EURGBP BUY in a great trend Based on 1% risk your account would be running +7% Let your winners run !
🔸 DAILY CHART EXPLANATION: . . 🔸Price has been consolidating for the last months. . 🔸It is about to face the Descending Trendline of the Corrective Move. . 🔸In case of a bullish breakout, the next target is the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup.
EURGBP Still moving bullish... This BUY trade now around 70 pips in profit since initial BUY entry was valid. What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame....
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
If you are looking for a buy or a sell I feel price will use these prior zones to find its way through structure in price movement .
Price is facing bearish pressure from our descending trend line where we could see a further drop below this level.