moorekapital

EURGBP: BEARISHNESS CONTINUATION....???

FX:EURGBP   Euro Fx/British Pound
94 11 5
Following the fantastic sell climax and the inner trend line breakout, I started anticipating a reversal bullish . But I also expected some trading range prior to any major trend reversal.

Would the bearishness continue......???

With price still below 50EMA, I want to see any possible rally from here as a pullback to testing breakout point of trading range or 50EMA.
Price is also seen below 0.70000. A pullback to testing this big number would be in order.

I'm sitting on my hands until then.


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What kind of price projection is that one?
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moorekapital PRO IvanLabrie
a year ago
Measured Move(MM), using the last leg down which broke the trading range. MM can be anything;), You'll find that price retraced to the 50EMA (inside the trading range) , and then continues to stay below the trading range.
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IvanLabrie PRO moorekapital
a year ago
A bit too arbitrary for my taste.
We'll see, for now, I'm bullish EURGBP.
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moorekapital PRO moorekapital
a year ago
Iff this breakout of the trading range is valid, I could also do a MM based on the averaged height of the trading range, and that will be a bit lower than current projection.
snapshot
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moorekapital PRO moorekapital
a year ago
Yet One More MM Based On The Leg Down prior to the trading range. (Spike Down + Trading Range = Trend Resumption)
snapshot
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moorekapital PRO moorekapital
a year ago
Wrong Insertion.
This one rather

Yet One More MM Based On The Leg Down prior to the trading range. (Spike Down + Trading Range = Trend Resumption)
snapshot
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moorekapital PRO moorekapital
a year ago
lol
charts closed or internet connection....?

I'll post correct chart when the connection is back.
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moorekapital PRO moorekapital
a year ago
Hope this chart is the right one.
snapshot
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moorekapital PRO moorekapital
a year ago
There must be a feature to delete wrong insertions in future
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See how this Measured Move Also worked out. It was based on a leg down prior to the trading range

Observe how price pulled off sharply = Profit taking @ MM
snapshot
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IvanLabrie PRO moorekapital
a year ago
I don't subscribe to that.
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