✅EUR_GBP price grew again to retest the resistance of 0.862 But it is a strong key level So I think that there is a high chance That we will see a bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
DAILY - Inverse head and shoulders - Bullish M (natural m) - Buying zone WEEKLY - Buying zone - Inverse HS 4 HOUR - Last zone of interest
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it first rebounded from the support line and rose to the channel's resistance line. But after this, EURGBP bounced from this line too and continued to decline in the channel...
Account FP - #1080732 EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower. Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level. Take profit 1 is at 0.85498...
EURGBP rallied earlier in the week but reversed its course on Thursday after failing to clear trendline resistance at 0.8570, with prices dropping towards the 50-day simple moving average at 0.8550. The pair is likely to stabilize around current levels before mounting a comeback, but in the event of a breakdown, a dip towards 0.8520 and potentially 0.8500 could be...
Price has reached a major support level, so I'm going long from here. Target is 0.8618
In Daily time frame, the price got supported by a short term channel bottom line. Slow Stoch and RSI both are in a over sold level, crossed and turned to North. The price would turn to North and moving in a big sideway channel. Stop long trade if the price break out the short term channel bottom line area.
*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.
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.
EURGBP was trading under the declining trendline. The price was reacting well the support and resistance of trendline Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement. If the bulls sustain to upside the optimum target could...
Based on my long-term analysis, EURGBP appears to be forming a corrective pattern resembling a (w)(x)(y) in the minute degree. Wave (w) seems to have concluded at 0.85119, followed by wave (x) at 0.87499. Currently, the market seems to be trending downwards to complete wave (y) in the minute degree before resuming its upward trajectory. This analysis suggests...
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 is trading in a range currently showing bullish signals from a key support area buy is a call with a strict stop loss.
This morning I shorted EURGBP. I spotted a test of a solid falling trend line on a daily, my confirmation to sell was a double top formation on an hourly time frame. Goals: 0.8558 / 0.8553 ❤️Please, support my work with like, thank you!❤️
Daily: - Natural M - FO of the D 100 level - Bullish indication candle - New action (fresh liquidity) *Break even or limit remove when we hit the IC in 4th leg Weekly: + MS (and Inv H&S pattern) - LCC (last power are bullish orders on friday) + ZONE + FIB 3/4 LONG with Weekly pattern and now ABC pullback possible with fresh liquidity 4H: - Inv H&S...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
If the price crosses the 78.6% level, it will be possible to continue the downward trend until the next support range. Then the movement process will continue according to the specified routes
EURGBP formed a classic double bottom by bouncing off the March 29th low and is now set to take out the imbalances in the green boxes. Happy trading.