This is a short analysis of the down channel started in December. In my pov, we are overbought at the top of the channel needing a healthy correction. FX:EURGBP
FX:EURGBP , OANDA:EURGBP , FOREXCOM:EURGBP , FOREXCOM:EURGBP A confluence of Fibonacci levels on the weekly - Selling EURGBP Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity. Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30...
Have a great day all!
Both sides will concede and we will ultimately have a Brexit that looks something like a Bremain.
Break of very strong weekly support level, bearish flag pattern. 2.5:1 Risk to reward.
In this video update, we take a look at EURGBP and how it is shaping up ahead of further Brexit votes. The 4hr chart here is suggesting we could see further downside if the market breaks the lower trendline support of the bearish flag pattern. If we do see a break look for the market to head towards the key 0.8300 support level.
EURGBP printed a bullish inside candle at the range support and upside looks likely. I had a question recently asking about further downside in this market, and why it is important to wait for the weekly closes. Watch the video for some top tips on staying on the right side of the market.
Well referenced political news is important. Sterling could see serious volatility next week if political pundits are correct about Theresa May being forced out of her premiership next week in relation to Brexit confusion. Rival MPs are already jostling for position as Wednesday is the big day. The uncertainties could send GBP pairs into high volatility...
EURGBP shows bearish momentum on monthly, weekly and daily charts.
This is only forecast. Entries should be done after we get price action confirmation
Hello, again traders. I find today very interesting price movement on EUR/GPB chart. So follow my trading signal if you think It's great Sell opportunity. Thank you see a later.
EURGBP About to start the next move up - As it breaks out of its flag formation we can look long on a break of the 200EMA
EURGBP Bullish and GBPUSD Bearish Setup
There's an opportunity to have the fifth wave