EURGBP – soon sellers will be ready if...
EURGBP – soon sellers will be ready if...
Trend: Strong sell
Support/Resistance:
R2: 0.85740
R1: 0.85439
S1: 0.85306
S2: 0.84885
S3: 0.84145
Price action:
Sellers are ready to break S1, but after they have to prove it after we se us short position. Swing is lead by sellers. Momentum is showing much more power from sell side. Eur currency is weak these days. All this basic fact proving sellers power.
Potencial trade idea:
Bulls targets:
T1: 74.532
Bears targets:
T1: 0.84885
T2: 0.84145
NOTE – We are trading EURGBP via the preferred trading setups
ELITEFXACADEMY
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Trend: Strong sell
Support/Resistance:
R2: 0.85740
R1: 0.85439
S1: 0.85306
S2: 0.84885
S3: 0.84145
Price action:
Sellers are ready to break S1, but after they have to prove it after we se us short position. Swing is lead by sellers. Momentum is showing much more power from sell side. Eur currency is weak these days. All this basic fact proving sellers power.
Potencial trade idea:
Bulls targets:
T1: 74.532
Bears targets:
T1: 0.84885
T2: 0.84145
NOTE – We are trading EURGBP via the preferred trading setups
ELITEFXACADEMY
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Trade closed: target reached:
ALL TARGETS WERE REACHED