I AM A GOLD TRADER, but this pair caught my attention as it reminded me of a previous chart i posted 3 months ago on XAUUSD which made profits, and similarly EURGBP looks to be very similar. If you look at my previous idea, on a weekly chart you will see the similarity in price action which i am speaking of and understand what i am stating. EURGBP: - Looks to...
PLACE A SELL LIMIT AT THE 0.86948 FIB LEVEL. STOP LOSS AT 0.89075
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...
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.
Readjusted the TPs for my EURGBP short position, splitting my position up into three smaller positions. See previous post for more information about the reasoning. The new TPs are based of fibonacci retracement levels 38.2, 50 and 61.8.
On Friday selling EUR/GBP looked a good thing. Price had fallen out of the up channel it was in and had re-tested the channel and failed to break back.. With RSI overbought I was happy to SHORT this pair down to lower levels. Mondays open saw GBP weaken quite dramatically and even with EUR/USD falling this was not enough to move this pair south - a clear...
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...
Hello Traders! EURGBP - the downward trend will continue, as soon as EURUSD currency pair falls. The Daily delta&clusters negative (bearish). We expect the rapid fall at the end of this month. Best regards, Powerful Traders.
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...