EURGBP - Intraday - We look to Sell at 0.9200 (stop at 0.9230)
Posted Mixed Daily results for the last 3 days. Inside Soldiers have been posted on the daily chart. A bearish Head and Shoulders is forming. Trend line resistance is located at 0.9193. Bespoke resistance is located at 0.9200.
Our profit targets will be 0.9090 and 0.9020
Resistance: 0.9193 / 0.9200...
EURGBP - Currently on our watchlist, if the 1 hour candle chart (right) settles and closes under the green box, we will look to start adding a few short positions. We will begin taking full profit at the 50% fib level (0.91078)
Third touch of ascending channel followed by a corrective double top.
Position taken on the break of the structure (I did get to it a little late so I have an additional 5 pip on my stop).
Profit target +6% to the bottom of the channel. Second profit target +19% to the beginning of the channel (ray line)
Strategy Zero: Long-term outlook.
Outcome: retracement
Risk Management: Compound
Disclaimer: Trading is high risk investment , ideas posted here are for future references .
Seems to be a tight price channel forming for this pair. I still predict this to go long, especially when the blue highlighted zone is broken. Posting this update for anyone who wants to get on this trade and looking for a good entry level. If the price bounces to the lower trend line and holds, enter.
GL.
eurgbp retesting the trendline and the fib level before dropping down to the resistance zone again, where hopefully it will break and shoot down to the next support zone
23/08/19
EURGBP - Intraday - We look to Sell at 0.9108 (stop at 0.9138)
Broken out of the triangle formation to the downside. The formation has a measured move target of 0.8560. Bespoke support is located at 0.9017. Risk/Reward would be poor to call a sell from current levels. Reverse trend line resistance comes in at 0.9087. Bespoke resistance is located at 0.9108.
Our...
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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