FX:EURGBP   Euro / British Pound

short order went active 1 am gmt+3.

now I expect bearish continuation to lower structure levels.
T1 - 0.9185
T2 - 0.912
Stop - 0.93
Comment: Please, also check my recent analysis on GBPUSD
Trade closed: target reached: T1 reached
Comment: Bearish continuation
Market is going to the second target
✅My Twitter: https://twitter.com/VasilyTrader
✅FREE Telegram https://t.me/VasilyTrading (Text me for VIP private group)
✅Your personal trading coach. Contact me for one-on-one online trading sessions.
✅Broker that I trust http://bit.do/YourBroker
congratz Mr Ponomarev, TP reached, both of them
Reply
stock market going through difficult time
Reply
agree
Reply
Share your analysis on EURGBP here
Reply
Erland VasilyPonomarev
Well spotted!

As mentioned on your previous analysis - we are in a bearish move but it will be painfully slow. Price came down 0.922 only today after UK sales report. Price is not going to drop at a fast rate although all UK data from the last few reports was good. The lowest we can go today is 0.9165 but 0.918 should stop the fall. It will take around 2 weeks (at least) before we can reach 0.905-0.895 levels as buyers are not giving up easily. So 0.912 level you have indicated is the one to aim for in the coming 3-5 sessions. And every rise should be taken as a sell offer. 1H and 4H charts are suggesting we should go back to 0.927 -0.925 level soon before a good drop down.
Reply
@Erland, yes, it may retest the broken level and even reach the higher resistance. good thoughts, my friend
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out