According to the structure of the correction pattern, it is expected that the price will fluctuate in the current support range and then we will see the beginning of the upward trend. Then, to continue the upward trend, it is necessary to break the green resistance range. Otherwise, it will be possible to continue the correction process up to the previous bottom...
EURGBP is Currently rejecting a strong support on H4 with Bollinger Bands along with the stochastic Oscillator giving us the confluence to go long. Proper risk management is applied in case the market breaks below the support.
✅EUR_GBP has retested The broken support line After a confirmed breakout And is already moving down So we are bearish biased And we will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Friends! EUR/GBP pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.855...
Hi folks today I'm prepared for you British Pound analytics. Some time ago price rebounded from the resistance level, which coincided with the resistance zone, and tried to rise, but failed and in a short time turned around and made a strong impulse down to the support level, breaking the 0.8570 level. After this movement, GBP turned around from the 0.8530 level...
EURGBP appears poised for a bullish surge. The setup is straightforward: anticipate a breakout followed by a retest of the support level, where rejection is expected before an upward movement ensues. Follow risk management
EURGBP is trading in a range currently showing bullish signals from a key support area buy is a call with a strict stop loss.
Market Analysis: EUR/GBP Dips to Support EUR/GBP declined steadily below the 0.8572 and 0.8566 support levels. Important Takeaways for EUR/GBP Analysis Today EUR/GBP is trading in a bearish zone below the 0.8572 pivot level. There is a connecting bearish trend line forming with resistance near 0.8562 on the hourly chart at FXOpen. EUR/GBP Technical...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle. In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around. In a short time, price...
Take a look how EURGBP reacted to a daily falling trend line on a 4H time frame. The market started to consolidate within a narrow range and was stuck within for 2 trading days. Today we see a strong bearish movement with a confirmed violation of the support of the range. It indicates the strength of the sellers. We can anticipate a bearish movement lower,...
OANDA:EURGBP has been consolidating for a while now it has broken recent resistance level with strong bullish momentum. It is currently retracing to fib 75% level where we can look for buying opportunity up to recent highs.
Hey Rich Friends, EURGBP might provide some great bearish/selling opportunities this week. Here is what I am looking at: - Prior rejections in this area (red rectangle) - Candles below 200 EMA - 200 EMA preparing to cross 50 EMA on the Weekly time frame -MOM is negative - STOCH below 50 - GBP news on Tuesday, Wednesday, and Thursday Market Execution Or Sell...
Hello,Traders! EUR-GBP broke out of The bearish flag pattern And the breakout is confirmed So we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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Potential bearish trade, counter trend so purely for learning pursposes
4h demand after trend line break. entry at 1h nested demand zone
MARKET PHASE OANDA:EURGBP is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure...