Pair : EURGBP ( Euro / British Pound ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Breakout of the Lower Trend Line and Retracement at Fibonacci Level - 38.20% Break of Structure Completed " AB- wxyx " Corrective Wave and Making its " C - z " Wave Bullish Channel in Short Term also acting as an Correction and Rejection from...
EURGBP is consolidating following a massive sell-off.. Price move is in the descending channel. The market is printing potential AB=CD pattern, and recently it made a sharp move, which is AB leg. We anticipate a consolidation zone breakout and retest of support levels as well as a fibo extension level. ------------------- Share your opinion in the comments...
eurgbp is in uptrend making higher highs and lower highs. Buy price, stoploss, tp1 and tp2 prices are mentioned on the chart.
From another point of view, in the 4-hour period, we see a positive divergence and reaching the trend line with a lower slope and a resistance range from the previous movement, which can now act as a support, which is exactly overlapping with the B area of the pattern in the range of 0.88456. And it is expected to complete the divergence in the first step in the...
In the daily time, we identified 4 important ranges in the lower daily fractal. 1-0.92566 2-0.82676 3-0.97358 4-0.77886 All movements are currently considered within the above limits. In the daily time, we are looking for two negative divergences. The breaking of the first trend line with a greater slope is a decisive point. Now, considering that we are in an...
Hello traders, we want to check the EURGBP chart. The overall trend of the market is up and the price is undergoing a correction and at the same time it has reached the uptrend line and also the key area of 0.88200 and 0.88400. The price has been in this area in the past. has reacted, so we expect this area to play the role of a support area for us. If the price...
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Currently, we are on the static resistance of 0.88962. If the above range is broken, we can expect the range of 0.88807 and the completion of a RECIPROCAL, which is considered an important range for the possibility of a correction (ascension). An ascending pattern has been identified, which can now act as a target and after being touched, it can act as a...
6th February daily inside bar, range confined within the previous bar range. 7th February daily bar broke the low of last two daily bars. this is the indication for weakness ahead for eurgbp. supply zone 0.8945-75, stop loss 0.9005, initial target: 0.8845, medium term target: 0.8790.
EURGBP buy Entry : 0.88872 Stop : 0.88372 , Target1 : 0.89382 , Target2 : 0.89872 Risk/Reward Ratio : 2
Had a very busy day and I was supposed to put out this Analysis for you guys, funny how I missed out on EG, but more opportunities will come. Nothing much to say here but stay tuned to my next analysis drop a Comment on what you think about this, and what pairs I should drop next.
EURGBP sell Entry : 0.88508 Stop : 0.88866 , Target1 : 0.88125 , Target2 : 0.87781 Risk/Reward Ratio : 2
EURGBP sell Entry : 0.87575 Stop : 0.88082 , Target1 : 0.87067 , Target2 : 0.86560 Risk/Reward Ratio : 2
EURGBP is basically trading sideways near a major support level . We can see some divergence on the support level and double bottom. Price action has printed a bullish harmonic pattern, which is another buy confirmation. We expect the price to retest the resistance levels and further move up. ------------------- Share your opinion in the comments and...
Here is my view for EURGBP on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
#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 EUR to have a POSITIVE SENTIMENT is that USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now...
Pair : EURGBP ( Euro / British Pound ) Description : Rising Wedge in Short Time Frame and Completed the Breakout of the Lower Trend Line and Completed the Retracement Completed the Corrective " ABC " Wave and " 12 " Impulsive Wave Selling Divergence Head and Shoulder if Reject from this Resistance then Long Term Sell Fibonacci Level - 61.80%
Price has Brocken above the descending channel and retested the bearish trendline, we expect price to continue bullish