EURGBP IDEA , market is so lovely when you decide to wait, PAytience all always work in this industry.
EURGBP is looking very bearish & looks like we're going back down to the Daily support level. Now we wait for price to make a correction to the previous level of support with a proper candlestick confirmation.
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR...
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR...
EURGBP - SHORT - BASIC SUPPORT & RESISTANCE ANALYSIS In this chart, im looking from 3 perspective. 1) Supply & Demand 2) Trend 3) Significant S&R Level. SL - 20 PIP TP : RR / 60 #TAYOR My main indication is the H4 Double top has been consume at price 0.86764. Which make the movement is bearish . From that point of view, the price respected the trend point of...
**EURGBP hrly long** ⚠️ GBP news tmr via <#908418734362886186> Buystop @ .84375 TP #1 @ .84436 81.82% wr TP #2 @ .84580 50.91% wr SL @ swing low .84123 12.73% hr
#EURGBP Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
EURGBP Short Setup Continuation trade: 👉🏻 Price is respecting the markups. The break below 0.85000 was the biggest giveaway, further sell off could be anticipated until ~0.83500 area.
EURGBP Long Setup Continuation trade: 👉🏻 Price made another extension on this correction, testing the 78.6% retracement level instead. Impulse move will be seen after a break above this whole corrective channel.
EURGBP Long Setup Continuation trade: 👉🏻 As mentioned earlier here, Wave-2 looks pretty much like a flat ABC correction, H1 OB still holding as support and has potential to continue forming its next impulsive Wave-3 Main trade setup
EURGBP Long Setup Continuation trade: 👉🏻Apparently marked the H1 OB wrongly and now whole structure is showing that price is squeezing into a falling wedge. Elliot Wave Theory also shows a WXY corrective pattern with a 3-3-3 sub waves accordingly. Impulse soon?
EURGBP Long Setup Continuation trade: 👉🏻 Price formed a complex ABC-X-ABC instead, it is still a 3 waves correction. More opportunity if price were to tag that H4 order block.
EURGBP Long Setup Continuation trade: 👉🏻 Wave-i was a leading diagonal, retested the 78.6% level at 0.85844 with a Wave-ii. More upside movement will be expected when price breaks Wave-i.
EURGBP Long Setup Continuation trade: 👉🏻 This minor pullback is healthy as it significantly breaks the previous minor wave-i at 0.86317. Wave-iii in this major Wave-3 will be expected to break the major supply zone and reach our next target. Major zones may be referred here.
EURGBP Long Setup Continuation trade: 👉🏻 Wave-2 is a corrective wave of ABC. Now we are preparing for the most impulsive Wave-3
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 ________________ Personal opinion: Better to buy, and this is more certain when it crosses the neckline of the head and...
EURGBP Short Setup 👉🏻 After a week's rise between zones marked here, from 0.84800 -> 0.87000, price has formed a significant double top at the resistance zone. Elliot Wave Theory wise marks the end of an impulse wave and is forming a corrective wave of a possible ABC, with a 3-5-3 movement. Invalidation may be placed above the double top
Respecting the trendline and daily ema orange price going to fall to reach the 0.618 (possible double bottom)