This week EURGBP has broken below the current year's low.
Bearish pressure is obviously prevailing and looks like the market is going even lower.
our next support can be easily noticed on a weekly t.f:
0.83 - 0.84 is our next demand zone from where we will expect a pullback.
as always, never trade without confirmation and...
I WILL BE LOOKING FOR A PULLBACK TO RETEST BAROKEN SUPPORT AS RESISTANCE AND THEN I WILL BE LOOKING ON THE 15 MINUTE CHART TO LOOK FOR SELLING PATTERNS AND OTHER CONFLUENCES.
EURGBP is finally entering a strong demand zone .
There is a high chance to see a strong bullish impulse from the underlined area.
I will not trade aggressively and I will wait for a bullish breakout of the falling wedge pattern on 4H chart for confirmation.
Target levels will be 0.864 and 0.872
Hi guys.
Hope all is well, my sixth published trade on Tradingview.com (XAUUSD IS complete with 100% accuracy and less than 0.5% drawdown. This can be found on my story on IG, below)
*Any change of views on this pair, I will advise in the comment section.*
Take profit is 80 pips
Stop loss is 40 pips
*This pair will react fast, keep watching back to my...
EURGBP (1H) - short term bullish bias
The British pound strength might be challenged before the end of the week as pullbacks occur across the board. The euro has been gliding along the moving averages in a steady downtrend, but the latest double dip into the RSI's over-sold area has seen a bullish divergence which suggests a loss of momentum in the sell-off, and...
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
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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