Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Bullish reaction after bearish run. 4 HOUR Prices moving back above main sr zone and following midterm trend. DAILY Absolute slowdown, expecting some pressure to the upside now! - FOREX SWING BUY EURGBP ENTRY LEVEL @ 0.87230 SL @ 0.86870 TP @ 0.87730 Max Risk. 0.5% - 1%! (Remember to add a few pips to...
3H time frame - you can see a falling wedge which is a bullish continuation pattern, we also have a daily uptrend + on the daily we have also pulled back nicely to the 0.618 fib area, i expect a break out of the wedge, re test then a possible long This set up is nearly a mirror image of EURAUD too!
EURGBP broke through the resistance line, but the trend is still falling. Therefore, I expect a fall after EURGBP Reaches the resistance level of 0.8737 Target - support line
EURGBP Bears look to be in control for the time being. I believe we will be seeing pound strength. Looks like we’re retesting support I believe support will get taken out before we start climbing back to the upside. My downside targets around .8600
# Technical_analysis_and_comments: Good day, dear investors and colleagues traders! Your attention a technical analysis of the currency pair #Eurgbp: All last week, the currency pair spent in a narrow trading range sandwiched between a downtrend and a new support level - 0.8685, thereby forming a new triangle. The currency pair demonstrates the normal...
EURGBP - Short, Market Type Sideways
Eur/Gbp H1. Price is on a Strong Support... My prediction EG will try to Retest, Go UP until upper TL (87050-87120)... Up to that price, we will see either the Bull or the Bear will win the fight!
From the daily perspective, the price already reaches the daily support area and expects a big push to the upside from here. Because from the COT perspective, the hedge fund has a strong bullish bias on the EUR and strong bearish bias on GBP. Because the last week, GBP kept pushing to the upside is because they are closing a lot of short positions on GBP instead...
EURGBP Looks to be coming to the end of the down trend, possible long setup for the coming week..... keep an eye on this one
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
Here is my analysis for this pair, i think que price break the resistance in downtrend, reaching a key level in DAILY timeframe where it seems in a re-test so it can gain momentum to a bullish trend in my prespective. So we should on a looking for confirmation for a bullish, or continue the bearish line to support level in WEEK timeframe.
EURGBP Potential Bullish Movement we are waiting for a momentum candle close above 0.8745 to buy this one Reason: 1- Divergence on MACD (in red) 2- Objective Wedge (in orange) 3- Support Zone from Daily Three confluences are enough to consider Buying EURGBP, after a break below 0.8745 (in gray)
Hi everyone, just before the weekend is starting I want to give you this technical analysis so you understand what the most important things are you'd want to be looking out for. This is especially interesting for when the markets open again on Monday. We see two very interesting areas. First of all let's zoom in on the support zone around 0.869. We haven't...
Euro index chart. Monthly. Price is driven by global supply and demand. And what we are observing, is a clear oversupply of euro (all selling) and weakening demand (less international interest in euro) on universal scale. Buyers failed to break the supply line and April opened below the demand line with a gap. Top Absolute Correlation 1 EURUSD - USDX ...
That is how we see it, pretty simple. One can use ATR stop for stops (pretty accurate tool), which is based on average true range (the input can be changed). The broken demand line is more important than descending one (trendline value is measure by the number of consequent highs or lows above the extremums). I saw some of you draw a descending triangle but by TD...