EURGBP moving is in long term downtrend. After a monthly close as a bearish engulfing, EURGBP has resumed its downtrend. As per 4H price action, EURGBP has formed another bearish price action for a possible drop with daily bearish engulfer.
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We have an unused demand area. Due to the liquidity, we can consider reaching this area.
The price target is to at least reach the ceiling of the liquidity area.
We consider buying this EURGBP pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
1 - An upside transcend a downtrend.
2- It is at the end of the inverted head and shoulders model.
His purchasing goals are:
0.87746
0.88054
0.88222
0.88562
0.88885
0.89126
0.89225
Note: its rise continues as long as 0.86675 is not broken
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Personal opinion: Better to buy, and this is more certain when it crosses the neckline of the head and...
Looking at a 60 pip rise on EURGBP . Price is currently situated at the 0.368 fib level, alongside this we also have an intersection of two trends. The trend line showing bullish momentum i believe will have the upper hand due to the strength of the overall trend. Furthermore in perspective it is also forming a long term pennant , however due to the strong bullish...
EUR/GBP closed below the key level on Friday, which for me is a bearish sign. I remain bearish on this pair until we are below the area on daily closing basis
I need to be more confident about posting my ideas. Just checked this idea and even I missed out! Let's see what happens after the next candle formation and see if there will be support or resistance. If a nice bullish candle forms then its conformation of support so we can try to get in on some pips! All I ever do is use simple clean support and resistance...
The outlined white arrow pathway is the predicted pathway that the EURGBP will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURGBP will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
EURGBP is showing a downtrend lately on daily timeframe, we are looking of a possible to enter a short position if our trendline does not break, we also saw
some rejections on our resistance (keylevel) at 0.84728 which confirms us for a possible sell till to our next support at 0.83373
