Pair: #EURGBP Trade: Buy EntryLevel: 0.84420 TL: 0.84874 (454 pips) SL:0.84200 (220 Pips)
The EUR will most likely bounce of the resistance and have another downtrend for a few hours. Please also check the unemployment rate for UK, which might have an effect on this forecast.
The priceline of Euro / British Pound forex trading pair has formed a bearish Shark pattern and entered in potential reversal zone. I have used sell zone using Fibonacci sequence as required for shark pattern. Soon I will post a buy back plan insha Allah. Sell between: 0.92285 to 0.93955 Regards, Atif Akbar (moon333)
Price action in the hourly time frame is showing us that we have a highly probable Head and Shoulder Pattern forming. The way we execute in this Bearish Market, would be to wait for the breakout of support which is our Neckline. Waiting for Bearish Reversal Confirmation at the pullback of previous structure then executing ourselves into the market after the...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8955). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line...
The EURGBP is set to drop from this .8800-.8860 area down to at least .8420 for over 450 pips!
Late post, im already in this trade on my trading platform. EURGBP + 4H & D Analysis --------------------------------- Elektro Analysis
Midterm forecast: While the price is below the resistance 0.9305, beginning of downtrend is expected. We make sure when the support at 0.8965 breaks. If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (0.9045 to...
Midterm forecast: While the price is below the resistance 0.9305, beginning of downtrend is expected. We make sure when the support at 0.8965 breaks. If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (0.9045 to...
Hi Guys . EURGBP is getting ready to break the Ascending Channel . Wait for the breakout and enter the trade. Hope y'll find this useful . G'day Guys
Good afternoon so currently we are in a down trending market what I see is the following : - down trend - a bearish triangle / flag - market has been stalling on the line for a while : meaning a breakout will eventually occur My entry signals: - a break and close of the lower low : with retest then enter - a break south of the triangle stop will...
Last week price sold off from key resistance at 0.89486 pointing towards further declines next week. A pullback and re-test of the channel top will provide a great place to look for shorts down towards the targets of 0.88103 and 0.87765 respectively.