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It is heading uphill
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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 all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if...
Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Very strong bullish pa towards our resistance level.
4 HOUR
Probably the last push to the upside before heading down again.
DAILY
Overall bullish market turned bearish, good short entries now!
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FOREX SWING
SELL EURGBP
ENTRY LEVEL @ 0.91520
SL @ 0.92730
TP @ 0.89660
Max Risk. 0.5% - 1%!
(Remember to add...
We have entered a really nice level of interest here which I stated could look like a nice long on Monday, we are now at the 38.2 fib level, strong structure level and the 50EMA all have to break for support to be broken. However because of how impulsive the previous candlestick is I am waiting for this 4h close first, if we get a doji candlestick of some sort, I...
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.
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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.
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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.
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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!
