EURGBP is currently trading at upper triangle trendline resistance. If the trendline holds we could be looking at a move back down to the lower trendline .
EURGBP is bouncing at the top of major resistance trend line. The long wick inverse hammer touching top of line is indicative of ideal reversal from this point. Very small risk with huge potential reward
EURGBP is trending within a channel in an overall downtrend. Price is currently near the top of channel and based on long term trend is very likely to drop to continue the downtrend. To me this looks like a good opportunity to short EURGBP with a very reasonable 1:3 risk-reward ratio... Feel free to comment with your thoughts
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
This is a EURGBP short I am looking at. The daily broke out of a bear flag with two strong bearish days, then printed an inside candle on the daily which shows on the H4 as a pullback to the 8ema. Prices on the daily haven't yet reached the lower band so I am in favour of going short on the break of the H4 pullback trandline, as apposed to waiting for the daily ...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
MUST find bullish price action above Mondays High to show support is found.
Target 1 displayed, however EURGBP could likely reach higher targets so
scaling out of position always a good idea.
GLGT
Price has started to stall out heavily on lower timeframes. This would be a good area to buy, so I have placed TP at the next resistance zone. Stop loss below recent lows and entry order above highs, to prevent entering too early.
EURGBP is a downtrend and fib 38 represent its a strong downtrend and created a double Top following by bearish engulfing candle. TP-120 pips from entry and SL is 0.88840OANDA:EURGBP
Price has choppily made its way back into a supply zone, which is in line with the current downtrend.
Risk-averse traders should look on the lower TF for more precise entries.
I'm short EURGBP going into the ECB rate decision & press conference today.
Entry based purely on the technicals, pair has hit channel resistance & put in a double top with RSI divergence, didn't get too oversold on the 4 hour though
Following the Head and shoulders pattern break down, and perfectly respecting the slanted neckline, we have since seen further continuation to the downside.
Right now, we are seeing what I call a complex pullback which can be used to build a high probability entry zone.
First we have the Level of historic structure that has been respected more often than its ...
This is a EURGBP short trade from a bear flag on the daily. which has now reached resistance and the emas. The weekly is supportive of a down move as it has corrected nicely to the EMAs after a couple of strong bearish candles. A measured move objective which should get 3:1 RR.
With the Brexit uncertainty once again beginning to haunt the GBP this morning, it may well be worth taking a chance with a long of EUR/GBP.
Daily chart shows a perfect pick up opportunity on the 78.6 Fibonacci level at 8723, the market low on 10th October 2018.
Previous support levels now plot a predictable band of resistance around the 8850/8865 area. ...
Both the indicator confirms EURGBP is a sure short on the opening session .Will give good profit .
The background color is green(Long) it will turn out to be red in the opening session tomorrow .Happy trading EURGBP
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The Euro vs. the British Pound. This pair represent a cross between the two largest economies in Europe, the Euro Zone and the Unites Kingdom. The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two. Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.
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