EURGBP, Monthly Set up, Short! Price Rejection at the Strong Resistance Above!
EURGBP, tries to break the support but the momentum is WEAK. + Oversold + The Momentum is weak + The price action tells further advance
My last publication (see link below for reference purposes) on this pair enjoyed 135pips run in our direction before the rally. Now - Since late December 2020, the EUR/GBP has been rangebound between roughly the GBP0.91150 - 0.89500 level and emphatically respecting a channel. Despite most quarters supporting the appreciation of the Euro considering the unfolding...
EUR/GBP has made the flag pattern on the 15m timeframe. To complete the flag pattern, the trend will hit 0.9056 - 0.9066 .
Here's the daily chart of EUR/GBP. In the triangle, the trend is in the making process of the fifth wave. It has to cross to complete the fifth wave. And the trend has to cross 0.8953 - 0.8930 to complete the 5th wave of the triangle.
The EUR/GBP has made the Elliott wave on the 15m time frame. The 5th wave and ABC Correction is remaining. The trend has to hit 0.9091 - 0.9110 - 0.9130 , to complete the 5th wave. And then it will start to make ABC correction. But if it started to move downside, that means the failure of the Elliott wave pattern. And then the trend will hit 0.9056 - 0.9040 .
As we can see this pair is performing H & S pattern and already break support which now become a resistance and now retesting this broken zone but fail to break so we are enter to sell on this pair with a small risk and looking for higher rewards Friend Push Like and comments Follow us for more updates
Here's an hourly chart of EUR/GBP, which started to make the bullish Elliott wave pattern. The ABC correction is remaining. The 2nd wave is 23.60% of wave 1. The 3rd wave is more than 161.80% of wave 2. The 4th wave is 38.20% of wave 3. The 5th wave is 61.8% of wave 4. In the ABC correction, A is 61.80% of wave 5. B will be at 50% or 61.8% of A,...
Here's the 15m chart GBP/USD. The current trend is upward but falling here for a short period. But if it decreases up to 0.1951 , then it will touch 0.1936 . But if it does not knock 0.1951 , and take reversal, then the trend will hit 0.9200 .
As we see EURGBP is in uptrend because of volatility in the EUR zone but here we ca see a strong resistance AHEAD so we can enter sell here on this pair with a low risk and higher rewards Friend help me to push like and comments it will be a great thanks follow us for more updates
The formation of a probable Ending Diagonal pattern and the possibility of the advent of a very large uptrend is existed. The first ascending wave from the 3rduptrend is completed in the range of 0.9291, and the price in a corrective movement of this trend at the end of the C wave from the ii point is completing the Ending Diagonal pattern. There is a scenario...
For (A) with targets at 0.9010 & 0.8975 in extension OR (B) with targets at 0.9065 & 0.9100 in extension.
we are selling this pair on rejection at strong resistance with low risk and higher rewards we appreciate your likes and comments follow us for more updates
we are selling this pair on rejection at strong resistance with low risk and higher rewards we appreciate your likes and comments follow us for more updates
EUR under more pressure this morning and I'm in SELLING EUR/GBP at .8753. All my charts are flagging this a good thing. I've a STOP at .8805 and a TAKE PROFIT at .8592 which is just above the WS2 pivot.
I am looking at EURGBP at this time, along with other GBP pairs, because the structures are in sync. This makes me think that indeed we are about to switch trends. The views for EURGBP: - short-term: bearish from current levels (approx. 0.83650) until 0.82300 *150 pips trade - medium-term: bullish from 0.82300 all the way until 0.87500 and beyond. *500+ pips...
EURGBP BUY LIMIT Entry 1 .85350 Entry 2 .85180 Entry 3 .84940 Sl .84749 TP.1 .85680 Tp.2 .86600 Tp.3 .87200 Tp.4 .88000