Welcome back Traders, Investors, and Community! If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Strategy : Bearish channel Good trading at everyone!
For the time being, the pair has just past the middle trend of its rising channel and has touched its falling trend. (+) 1.17 level will be the target for the future. Apart from that, 1.20-1.21 levels should be followed if the price wants to touch the upper point of the channel. (-) However, if prices come back from here, 1.12 will be a significant boost...
LONG GBPEUR THIS WEEK TO 1.1560 No nonsense approach simple clean price action trading all info in picture apart from the strategy (use your own SL according to your OWN risk management THIS IS NOT FINANCIAL ADVICE, MY OWN ANALYSIS FOR PERSONAL USE) Direct Message me for info. Follow and share for more clean ideas looking to make a change in all this guess...
in daily chart we can see a bullish engulf on the important trendline and a short shadow below that means bullish are driving the price for an upward movement
This is breaking through a big weekly support level. Best time to enter a short is on a retest of the support now acting as resistance. This will give the safest trade setup, for a SL the highest previous point is too high for a good risk/reward ratio so it can be just above 0.618 Fib. TP is at the next support level downwards. As I said best entry is to wait...
A possible short opportunity for GBP/EUR. Price has been in an ascending channel as has recently entered an area of resistance at the 1.1260 level. Following confirmation of rejection at this level as well as signals from the RVI snd MACD, I believe price could return to support at the 1.1128 level. Risk management will be important with this pair so remember...
Summary: The market narrative is overwhelmingly positive for a reflationary rebound and for a weaker US dollar in 2021, an outlook we are largely sympathetic to, but plenty can still go wrong, and the speculative fervor of the momentum is the most clear and present danger for a correction sooner rather than later. Elsewhere, the Brexit deal was the dampest of...
USDCAD CL GBPEUR GBPCHF GBPCAD
Before completing the pattern You can sell and TP1 is : 1.1010 TP2 : 1.0990 and sell loss is : 1.1130 After a downtrend when the pattern completed we can have a bullish trend . Tell me your ideas and GOOD LUCK. 😊😊👍
Price has returned to the support level of the ascending channel. Previously, the price has rejected at this support line and turned bullish towards resistance. currently, the price is touching on the 200 day EMA. If price holds at the 200 EMA and the bulls come into play, I believe we could see some bullish momentum for GBP/EUR towards the 1.270 level (an area...
Hi As you can see in the chart, the price has formed an ascending channel, which I think might break it from the downside. On the other hand, the election might affect this pair too, so it's a bit risky in this situation, but we're masters of risk, right? be careful of slippage. Price is bearish on every timeframe; I suggest you zoom out and see the bigger...
+0.53% on EUR/GBP🇪🇺 🇬🇧. The pair has been forming the Head & Shoulders pattern. The ROC 3 and RSI indicate overbought zones let alone that the price is testing pretty strong 0.91030 level that most probably will not be broken and the formation of the H&S pattern will continue. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your...
This idea has a RRR of 11.46 to 1 and a tight stop. More conservative ones put the SL below the low of 28.09.2020 and would still have a RRR of over 5 to 1. Greeting Stefan Bode
Short EURGBP @ 0.9250; TP @ 0.9050, SL your choice
Based on technical analysis, the idea is to go short. All the levels shown on the chart might work as support for the next rally
EURGBP finding a bid from 0.900x as widely expected since earlier in the month. Here actively adding longs on the pullback for a move towards 0.915x highs. Little Britain are still nowhere near out of the woods yet with the 'oven ready’ Brexit still to come later this year. For those wondering why not Cable? It’s very tough to time a bottom in the dollar...