EurGbp continued its strong near term advance last week and we look ahead for further advances next week after a corrective period. A pullback to the 0.89260 area of support would be a great place to look for long opportunities towards the targets of 0.90275 and 0.91124. A failure of the 0.89260 area of support could point towards a bigger correction to the...
If D-leg will continue it can achieve 1.272-1.618 ext. 1.272 is close to 61% fibo. Good luck
Classic Elliott wave 12345-ABC Time to take profit. Then re-buy near Demand zone. See below confirming my assumptions chart.
Trading idea and price prediction for Euro Fx/British Pound (FX:EURGBP) from trader Nika Lekishvili www.tradingview.com GL !
Hello everyone! SELL after 0.85311 TP +50-80 Pips Good luck (y)
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (all 21 Major Cross-Rates) of 12th week 2017 @ my Drive drive.google.com i will update this 4XSetup while next weekend (usual closed time) again :) Best regards! Aaron
Looks like some confluence around a break of the Fib 38% retracement level and break of the downtrend channel indicates a short sell off the back of a weakening Euro and slowly stabilising Pound.
Over the past couple of days we've had some mixed feelings about eurgbp but so far i think shes giving as much signals as possible , if indeed we are to break out , the day is today (I have to admit it though , that uptrend force is scary to think about while short at this pair , but oh dear trading wisely is the key.
PPP Propably a Bulish cypher pattern and likely double top and a bearisch channel
A nice Gartley pattern on the 1 h frame on eurgbp .
Wedge pattern broke, the continuation of the trend must carry on moving, I believe the trends movement would be slightly bullish as the euro is gaining strength. I have placed targets of where the trend may roughly go. The current potential bullish wedge may be giving the trends formation in where the type of movement would be directed. Current point:...
BREXIT fever has hit the world of forex. I suggest these are the big three to watch: GBPUSD, EURUSD, and GBPEUR (or EURGBP). There is a macro-psychology operating out there I suspect. In times of trouble and uncertainty human nature tends to take the safe position. Hence Sterling has taken a step down for the moment because the reality is that 'everybody' wishes...
If eurogbp holds 0.7108 then we might can see eurogbp again 0.7195 and high.. Short term tp 0.716. Stop loss needs to be below 0.71.
Very spikey, shouldn't matter. Looking for a small correction prior to the next up move.
I have taken this short due to multiple confluences and used the fib extension for profit targets
Confluences: 1/ trend 2/ PA ( high test followed by inside bar ) 3/ Monthly & Weekly resistance of 0.7060 4/ 50% fib retracement additional info: * H&S - pattern on intradays * a lot of traders are already short since the 0.7135 resistance test