0.90 as a neckline would assume a 1.9% drop if usual H&S projection using the height of the pattern is applied
Entered as shown in chart for a short term trade adding to my swing trade.
EUR/GBP has moved to a 3-month high, having held consistently above the 0.90. A new rally to 0.95 would see price back at the March peak
Bloomberg: The UK does a U-Turn on China, Forced into an uneven fight. Quote: (Instead of opening up the UK to Chinese investment, the government is now looking at protecting critical companies takeovers. Where the country used to welcome Chinese technology—allowing Huawei to supply equipment for its 5G infrastructure at the start of the...
WE OPEN SHORT POSITION CAUSE OF A STRONG RESISTENCE AND A LIGHT RSI DIVERGENCE ON THE DAILY CHART. VERY GOOD RISK REWARD RATIO ON EVERY TARGET. PUSH LIKE 👍, PLEASE! 💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶💷💶
This is a position I'm already in as shown on the chart, but I decided to share it since it has retraced quite a bit providing another solid entry opportunity. Please note that the retracement could go deeper so enter at your own risk.
The British pound has broken down from its horizontal trading range vs several major currencies - including the US dollar and euro. Would suggest further downside
Price formation played out. Analysis details on the chart. Currency pair: OANDA:EURGBP Cheers, G.
GBPEUR appears to have broken through support line and is showing a strong bearish movement. Actively waiting for a retest to enter .
Previous analysis worked out perfectly, even the increase at the flag was great, wish it was always that easy :). Now we can see the target zone was exactly the high and we have come back all the way down again. Now this kind of movement gives potential, that is assuming the rally from last week was a test of the market to see what the resistance is/was. Now we...
So far so good :), wedge broke up but still not a big rally though. On the right we can see the double is playing out as well. Said would wait for a flag, not it's being formed a bit lower than i wanted but looks like a consolidation, so will wait if the 2h candle closes above the 0.8735ish, will move stop towards BE as well if it happens. Previous analysis:
Looks like a nice double bottom in combo with a bullish wedge here. RR is pretty great here. Now there is a chance for a small stop hunt like the green line on the left is showing, but can't know up front. Going to try a part here now, if we see a nice bull flag form as i have shown on the right, going to make it a normal size. Current attempt, using the green on...
SHORT-TERM **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBPEUR might be in the spot for shorting opportunities. Despite Ichimoku being slightly bullish there is a case for end of trend if we get rejected by the pivot . Colored are weekly pivots (S/R) based on price action. Closely looking at support.
GBPEUR Found Support around 1.0571 (Daily Timeframe) and could potential make its High of 1.1457 till it resists lower and lower. LH LL
Perturbator Analysis GBPEUR: In the first year of data recorded by the Wilkinson Microwave Anisotropy Probe (WMAP) a region of sky in the constellation Eridanus was found to be cooler than the surrounding area. Subsequently, using the data gathered by WMAP over 3 years, the statistical significance of such a large, cool region was estimated. The probability of...
What has caused the massive spike in annual inflation? Is a new wage cycle looming?