(03/03/2016) 18.11pm GMT EURGBP : With a cross of the daily trendline at around 0.77500, look to go long (remember to use the shorter time frames 30min,15min to enter). Looking at targets of around 0.79200 with a risk of a return to the WeeklyTrendLine at 0.77000. If price bounces off the Monthly trend parallel Channel, Short after confirmation which will come in...
EUR/GBP ( DAILY )
RECOMMENDATION: BUY
SUMMARY:
The secondary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7900 and support at the...
Using the four hour chart as a higher time frame and a one hour as a trading time frame, a CTS score starts to build in the zone highlighted in yellow. If RSI goes oversold in this same zone, I think it could constitute a strong buying signal. We see confluence of both a larger retracement and extensions/inversions in the zone, as well as an ABCD pattern. As it...
FX:EURGBP
ABC correction with an eventual ab=cd pattern inside;
Cluster zone, a confluence zone between previous waves extensions;
Short the structure breakout, look for long opportunities when and IF inside the cluster area, or close...
There's a major Cypher, check link below;
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point...
The primary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7665 and support at the level of 0.7525. If it breaks its resistance...
FX:EURGBP
Correction exausted with an ABC, eventual wave 3 on sight, ready to engage on lower time frames ;)
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8%...
FX:EURGBP
Already completed (or validated), but with extended ground for a visit to 618 retracement, synced with the 161% extension also previous monthly and weekly resistance, now support zone, or pressure zone @0.74914;
CRAB
Point B:
38.2% to 61.8% XA
Point C:
38.2% to 88.6% AB
Point D:
161% ext XA
224% to 316% ext AB
Target:
TP1 61.8% CD
TP2 127% CD
Safe...
Looking at the 200ema, its clear that the market is in a very strong uptrend. There are few pull backs but still ithe market does not look to reverse any time soon. I am take a long trade on this targeting 30 pis. I have a good feeling abou this.
As long as the EURO remains elevated and pressure is on the GBP I see no reason why the technical breakout of 7500 resistance won't continue up to the next area of confluence I will be placing stops below the last swing low. learn to trade like a pro bankonadam.com
