EURGBP - Intraday - We look to Buy at 0.9074 (stop at 0.9044)
Posted Mixed Daily results for the last 7 days. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.9184. The 50% Fibonacci retracement is located at 0.9170 from 0.9324 to 0.9016. There is scope for mild selling at the open but losses should be limited....
EURGBP - Intraday - We look to Buy at 0.8990 (stop at 0.8960)
Continued downward momentum from 0.9109 resulted in the pair posting net daily losses yesterday. Trading between support at 0.8988 and resistance at 0.9080. We are trading at oversold extremes. The selloff is close to an exhaustion count on the intraday chart. Due to an Ending Wedge formation, we...
The 4hr time frame is indicating a move upwards after consolidation is complete, in regards to where the market price is currently at.
If the price goes above 0.90490 then it will confirm upwards movement and signalling a buy for this current pair.
Trading tip: Always insure your RRR is a minimum 2.1, Life's a bitch.. so always sleep with one eye open.
EURGBP - Intraday - We look to Buy at 0.9040 (stop at 0.9010)
Broke the sequence of 4 positive daily performances. The 261.8% Fibonacci extension is located at 0.9065 from 0.9190 to 0.9112. Bespoke support is located at 0.9040.
Our profit targets will be 0.9160 and 0.9180
Resistance: 0.9145 / 0.9160 /...
EURGBP - Intraday - We look to Buy at 0.8965 (stop at 0.8940)
The trend of lower highs is located at 0.9030. Selling pressure from 0.9051 resulted in all the initial daily gains being overturned. Bespoke support is located at 0.8965. The 261.8% Fibonacci extension is located at 0.8956 from 0.9051 to 0.9015....
EURGBP - Intraday - We look to Buy at 0.8955 (stop at 0.8925)
Price action has formed an expanding wedge formation. The trend of higher highs is located at 0.9092. The trend of higher lows is located at 0.8939. Dips continue to attract buyers. Our medium term bias is bearish below 0.8939 towards...
EURGBP - Intraday - We look to Buy at 0.8916 (stop at 0.8891)
Selling pressure from 0.8992 resulted in all the initial daily gains being overturned. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Price action has formed an expanding wedge...
Another nice setup yet very simple trade. After a recent high this pair has pushed down to the support level and bounced nicely with a bullish engulfing candle which suggest it is on course to make a double top. I have gone long on this one and marked the tp and sl for your as well.
Let me know your thoughts.
Trade safe and good luck.
Price is currently in consolidation ( moving sideward ) and is 40ish pips off our resistance zone, we think price will make a bullish run upto this zone and then bounce making bearish movement all the way down to our support zone.
Now we don't have an high impact news releases this week involving this pairing, but as we know around brexit anything can happen and...
Looking to Buy EURGBP as its in a uptrend. We have seen price break previous resistance and now testing the new support. We can see price bounce up from Buy range or the 200MA. Target is 0.90500 (60-70pips).