EURGBP now in multiple resistance zone. If Price Break then level then goes up for next target zone.
EURGBP analysis as shown here is based on Elliott wave analysis. The 4hr timeframe of the EURGBP as shown below from May 17, 2018 to market close (Friday, July 20, 2018) is corrective with a 3 wave price swing (zigzag Elliott wave structure) between the mentioned dates above. Price levels to watch include the 38.2%, 50% and 61.8% retracements of the upswing....
EURGBP Goes up for next resistance point
EUR/GBP Overview Currency rate is moving in 9 — months range between 0.8686 – 0.9033 Because there is a powerful trend on USD. EUR/USD and GBP/USD are moving together last few months. The best option is to open position near Range borders. I recommend to wait when the price will reach some of them. Long I will look near 0.8686. Short I will look near 0.9000...
This pair has done a good enough trigger, and if this repeats with the same pattern then the trend will continue and the target will be achieved. Wait for high volume raising and high upward price spreads such as more or less happened in the first pattern, so this would be a valid pattern to buy.
Hi, Traders Market developed a corrective structure which almost completed. another possibilty is that it can go down for one more dip (But not necessary). i will update the chart if any changes occure. Note: This is mere a idea not a trading signal to trade. Trade carefully ! Thank you for your support !
EURGBP looking strong but 1H chart showing Bearish Divergence..taking my chance and shorting, first target SL40 PIPS , first target 40 PIPS, second 75 PIPS... i usually don't close my trades..i keep moving my SL down.. PS: small lot but honestly bearish divergence always works... Let's make some pips... Please hit "LIKE" to support.. Vinny
Hi traders ... We Found nice rejection on trendline . Hope to see a 200pips bearic move . Lets ride .
EURGBP : A perfect trade for trend continuation. Hoping for a bigger drop in the coming days. Trade carefully tho, have your SL's in place. SL: 0:872 Levels TP: 0:8647 (Perfect Trade Lol) Levels
Hi traders, A simple follow up to a trade I already shared EURGBP SHORT ENTRY : 0.8750 SL : 0.88055 TP : 0.84085 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
An inverted Head and Shoulders just completed on EUR/GBP as well as breaking the current down trend. Looks like a good opportunity for a long.
EURGBP Short Plan Open Sell : 0.88690 Take Profit: 0.87018 Stop Loss: 0.88937 R-r.= 7.12
I think it will test higher low before moving up , this is a quick trade R:R 1.7 SL@.88243 TP@0.87501
Hi there, EURGBP is ready for the next big move up according to the information I have right now. We finished the correction, now going for the next impulsive move up. My plan is to wait for a correction on the smaller time frame, then I'll strike for the buy. This move has a potential of couple hundred pips. MisterRay
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This morning we saw a close of a Bullish Engulfing which was followed by a slight rejection just above the monthly resistance level of 0.89430 . The EUR has continued this fall this evening however it being a Friday can produce unpredictable signals, we may see that the Bullish Engulfing does prove to be a turning point of the short downtrend this afternoon...
Hi traders, (This trade was suggested to students yesterday 2017-10-19) This is by far the most simplest technical trade of the recent weeks... This means that there isn't much to say that you cannot see on this chart. MACD FAKE OUT RSI MIXED SIGNAL ORDER BLOCK EUR FAKE RALLY Here's what I'm suggesting : EURGBP SHORT: ENTRY : 0.89898 SL :...