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Yuriy_Bishko
Aug 20, 2019 11:57 AM

EURGBP is above a strong Mirror Level Long

FX:EURGBP1D
Euro Fx/British PoundFXCM

Description

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The price bounced again from Mirror Level 0.90900.
It was good entry point yesterday.
But if the price will make a pullback in Buy Zone we can open position.
Trend AnalysisChart PatternsWave AnalysisEURGBPeuroGBPbritishpoundUSDForexforecast
Comments
martinkuhar1995
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Maybe now it's time to sell entry 0.91700 take profit 91.000 Sl 92.000?
Grimac
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@martinkuhar1995, I think also..now it's time to sell.
We have potential head and shoulders..and and inverted hammer on h1
Grimac
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@Grimac, Head and shoulder can be seen on H4/Daily
Yuriy_Bishko
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@Grimac, It looks like...
Yuriy_Bishko
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@Grimac, Thanks for shearing your thoughts!
Grimac
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@Yuriy_Bishko, :)
It looks like the drop was boosted by the resign announcement of Italy's Prime Minister Giuseppe Conte...
trumpetmark01526
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Basically, GBP is about to recover - GBPJPY at bottom and forming demand zone (on all time frames to be honest). Also, Dragi is dovish and speaks this week. If it is supply zone then it is fresh and fall lower expected. To be honest could go both ways - nightmare at the moment eh - just think I'll wait to see if it is a bull trap - love you analysis tho
Yuriy_Bishko
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@trumpetmark01526, Thanks for support!
RealMcafee
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Market will be watching the Johnson/Merkel meeting.She cannot make any concessions unilaterally, so the outcome will be negative for GBP imo.
Yuriy_Bishko
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@barclayjames, thanks for shearing
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