Price is approaching our support in line with our trend line where we could see a bounce above this level.
Price is approaching our support in line with our trend line where we could see a bounce above this level.
though during the last few weeks EURGBP remains quite weak, we should remember that technically the trend is still bullish and the market keeps growing within the expanding wedge pattern. during the current trading week, we saw a false violation of the support of the wedge . trading for a couple of days below that, bulls have managed to return back the price...
On this pair, we've finally broken to the downside after hours of consolidation. Presently we'd be looking for potential opportunities around our ellipse to drive price up. Monitoring price action around our Fibonacci retracements for confirmation.
Hi what we have seen lately it was aggressive defend of 0,90 after some stop hunt below, more weak short to be shaken out in my opinion so for now Im looking t buy dips: towards 0,9010 and 8980 tight stop below 8970 first target 9140 second target 9340 good luck
Watch the trend line on the hourly timeframe and wait for it to break and then enter
Watch the trend line on the hourly timeframe and wait for it to break and then enter
EURGBP broke major uptrendline Price is based below HVN at level 0.9036 which indicates that pair is in distribution phase Price respects downtrendline on short term Below SMA 100 on H4 frame MACD shows bearish momentum It's expected for coming strong bearish movement to target first support level at 0.8865 then finally target demand zone at level 0.8685
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!
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Ascending Channel to the downside. . 🔸It has been consolidating for some days after that. . 🔸 We are waiting for a breakout of this structure before looking for setups. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
EURGBP respects uptrendline Price is based above key level at 0.8980 Price is based on HVN at level 0.9036 which indicates that pair is in accumulation phase we r waiting price to break corrective downtrendline and exceed resistance level at 0.9041 to open long trade It's expected to target resistance level 0.9135
Price is facing bullish pressure from our support in line with our trend line where we could see a bounce above this level. Stochastic is approaching our support as well.
Price is facing bullish pressure from our support in line with our trend line where we could see a bounce above this level. Stochastic is approaching our support as well.
EURGBP has been moving upward inside a channel and now is creating a double top around the 0.618 fib retracement on the weekly resistance. Market is losing strenght and so far couldn't create new recent high. If the market will manage to break and close below the daily structure and consequently break the channel, we can set a nice short order according with our...
Price is testing our support where we could see a bounce above this level.
Please hit the "LIKE" button if you find this post useful. Also, don't forget to subscribe to get more trade ideas like this. Thanks! TECHNICALS: Hi traders, here we have a possible buy opportunity in the EUR/GBP pair. The daily chart formed a bullish reversal pattern right at the 78.6% Fib level and returned inside the structural framework, signaling a fake...
💬 As confirmed coronavirus cases ticked up in the US at a faster rate than in the other countries shown on the chart (a selection of EU countries Germany, Italy and Spain, the UK, Canada, and China) we have seen a subsequent weakness in the US dollar compared to the currencies of those countries (as seen by EURUSD, GBPUSD, CADUSD, and CNYUSD). As you can see...