"Alternative Bullish Scenario" could be activated if there will be a reaction to the 0.85430. Bearish limit orders could be put lower than the zone
Trade Idea: Selling EURGBP Reasoning: Selling into horizontal resistance on the daily chart Entry Level: 0.8709 Take Profit Level: 0.8576 Stop Loss: 0.8754 Risk/Reward: 2.9/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
EURGBP - Intraday - We look to Sell at 0.8710 (stop at 0.8750) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. With the Ichimoku cloud resistance above...
Trade Idea: Selling EURGBP Reasoning: Head and shoulders on 60min EURGBP Entry Level: 0.8704 Take Profit Level: 0.8652 Stop Loss: 0.8726 Risk/Reward: 2.36:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...
EURGBP - Intraday - We look to Buy at 0.8575 (stop at 0.8540) We are trading at oversold extremes. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our...
EURGBP - Intraday - We look to Buy at 0.8600 (stop at 0.8565) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a...
EURGBP - Intraday - We look to Buy at 0.8411 (stop at 0.8396) Trading has been mixed and volatile. Short term bias is mildly bullish. We look to buy dips. 0.8410 has been pivotal. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 0.8448 and 0.8458 ...
Trade Idea: Selling EURGBP Reasoning: Rallied into the neckline of a head and shoulders pattern (Daily Chart) Entry Level: 0.8419 Take Profit Level: 0.8346 Stop Loss: 0.8439 Risk/Reward: 3.2:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
EUR/GBP fundamental analysis The Bank of England (BoE) raised its Bank rate by half a percentage point to 1.75 percent at its August meeting, the highest rate hike in 27 years, owing to elevated inflationary pressures exacerbated by Europe's recent gas crisis. However, the pound did not surge following the rate announcement since the Bank of England's policy...
EURGBP - Intraday - We look to Sell at 0.8415 (stop at 0.8440) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
EURGBP - Intraday - We look to Sell at 0.8440 (stop at 0.8475) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. A higher correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the...
EURGBP - Intraday - We look to Sell at 0.8475 (stop at 0.8505) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
EURGBP - Intraday - We look to Sell at 0.8550 (stop at 0.8580) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The 200 day moving average should provide resistance at 0.8553. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The...
Looking at the weekly chart, this pair has room to run southbound, but that depends on today's closing candle. If this pair takes out yesterday's low.. vroom!! vroom!! Happy Trading folks! Cheers!
EurGbp has formed Head and Shoulders pattern and has broken support. 2 long positions are possible.
Anyone thats been following me knows this set up now, ema 89 rvi pullback.
Roll over off swing point, now targeting Lower levels
EURGBP currently retracement on the daily trendline which is also a very important supply-demand shifter channel zone. But the current reaction is not strong enough as you can see, we will observe on 4h time frame movement in the wedge. We expect to see stop hunting and third upside moment then may give us some bearish signal. After that, we can adjust our...