Here is our analysis on EUR/GBP Currently the pair is trading @ 0.85900 The pair has broken above resistance @ 0.85500 and might attempt to test next resistance @ 0.86500 Only if the pair manages to break above the current Descending channel. If not pair might fall back to the resistance @ 0.85500 Bearish Harmonic formation on 1H chart signaling reversal link...
Here is an analysis on the EUR/GBP Currently @ 0.86258 Bearish Harmonic Pattern on the 4H chart suggests strong bearish movement on the pair We expect the pair to test support/resistance @ 0.85500 If the pair manages to break above resistance @ 0.86500 then we might see it test 0.87 OUR POSITIONS: Buy Stop @: 0.86700 Buy Stop TP @: 0.87 Sell Stop @: 0.86 Sell...
EURGBP BUY - SHORT TERM BUYING BY MARKET INSIDERS
Hi guys! 👋🏻 🔔 Hourly EUR / GBP chart created an inverted cup and handle pattern, supporting the downtrend. 🔔 This pattern indicates that the bears are on duty overall and will continue the downtrend after breaking the lowest support, in this case 0.88700, after a slight upward correction. 🔔 Factors that could support the EUR / GBP's downward trend are...
EURGBP - Great R/R TRADE OPPORTUNITY!!! This pair did my head in yesterday, nearly get stopped out but I was disciplined and the patience paid off this morning waking up to green screen! That's the best feeling but everyday isn't like that. Don't get your emotions get to you whilst trading, I actually learnt this the hard way and I'm still working on that but you...
EurGbp has formed Head and Shoulders pattern and has broken support. 2 long positions are possible.
We last saw the price below .8860 level in MAY-2020 so this should be significant once confirmed. Could target the 0.8750 level upon confirmation. Waiting for the daily close for this.
EURGBP Entry Price 0.91484 Target Price 0.92704
EurGbp D TF. Head and Shoulder pattern is confirmed if neckline is broken. If broken the target distance will be equal to the distance from ahead to neckline. If you sell now your stop loss should be above the Head.
#EURGBP (Update) Descending Channel Breakout Done..!! Expecting +120 PIPs Bullish Wave in Midterm. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
the pair has been trading in a corrective extended complex wave, the last daily candles shows a change in the momentum, thus implying a bullish scenario ahead. on the daily chart we can see an engulfing pattern as well which indicates a bullish pattern in view. i would long this pair even after we saw a bearish candle in the last hours, from current levels. Good Luck!!!
EurGbp is going to retest the trend line. And that area is ~50% of fibonacci retrecement & 161.8 of fibonacci extension.
#EURGBP (Update) Breaking the Falling Wedge Pattern in 8h Chart & It Might Test the Major Resistance Area (0.91500) There is a Possibility of Triple Top Pattern..!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Not to promote Knife catching but every time we have had a retracement, we have seen a subsequent rally. Clear unbroken upward trend, therefore buying in over here would not be the worst move. Eurozone has far more momentum than the UK due to response to the coronavirus and opening much sooner- will that thus relate to the value of the Euro? or as usual the weak...
Hello Traders! Greeting from The Trading Regime! Our view on GBPJPY to close out the month of July, is a continuation move to the 1.82/84 Price zone or even higher ! Feel free to comment or share this post below. We are using .5% risk on this trade with A risk to reward of 1:3 Target 1.84.... ish
Enter Long after completing the pattern
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8975). 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. . The price is below the 21-Day WEMA which acts as a...
The ascending trendline channel has been broken giving us a HEAD and SHOULDERS chart pattern.A retest of the broken trendline will give us a very good reason to open up positions knowing fully well that we are about to ride the bigger fall seeing from the W1 timeframe which made its impulsive move and formed a correction which has just broken...The fall of EURGBP...