Daily is currently at a minor support level so we can see some relief to the green line. Double Bottom and then a break of the V Point on the 60 can provide a decent opportunity between the zones drawn in. 60 in itself isnt too convincing but you can use it as an entry for higher time frame perspective.
Beta Project-R:Journal. Risk Management: Compound .Level : PA . Time: INTERMEDIATE . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Projections may be subject to failure.
--I might surprise you?---- silence.
Beta Project-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Projections may be subject to failure.
A confluence of pitchfork trendline, 0.618 retracement and 2.618 extension all point to a resumption of EUR/GBP uptrend. This could take it up over 5% throughout the rest of the year back to 2019 highs.
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.