Monthly and Daily - We had a monthly descending triangle which has broken to the upside, we also had a pull-back and a correction in the daily time frame. At the same time we have a bullish flag in formation in the daily frame. Upside is preferred if we break the yellow trend line after another small pull back. However if we go below the blue line, this would be...
SUMMARY: The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8319 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are...
Hey Guys, We got potential bullish bat pattern which is in C to D move of pattern completion, so lets place our orders to buy EURGBP. As said earlier in post itself stops goes below X level of the pattern and depending on your risk:reward choose your entry n stops if you are taking this trade. Hit some likes if you agree with the idea, Thanks for your...
We're up against some major resistance levels on daily chart. Look out for the break above and close above to BUY up to 0.86130. In case of reversal potential SELL down to 0.80000 levels
I have already posted the 4h chart for this pair but it even looks better on weekly trade for all you long term traders. we are looking at a lot of potential pips here, its a great moment now to catch the falling knife. - Trendline broken - RSI starting to head south - take a look at that beautiful MACD formation too.
shorting once again after a successful short on this pair earlier. - Broken trendline in 4hr time frame - Already partially retraced, ready to be sold. -RSI heading down - MACD cross over - Great R:R
EURGBP is about to brake the channel with a confirmation from RSI and MACD with a great R:R ratio. I will be shorting this after draghi's speech if the channel remains broken.
I expect a bullish EURGBP tomorrow @ london open, will keep an eye on this one. If it goes lower then i think it will be a good moment to buy.
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...
Target is predicted at 0.80500 = 500 pips. Good Luck!
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...
EURGBP just hit 0.618 target, so looking for to sell the next 0.50 retracement to hit the buy back trand line to hit the next long term trend line.
This is the corrective structure of a weekly impulsive down move. If this breaks up with a motive wave we might be in for a very long bullish trend. If it breaks to the down, it means the correction is still in progress and could go down to the 127% or even 161.8% (overlapping the monthly 76.4%) marked on the chart. All this is happening around the 61.8% fib...