FX:EURGBP   Euro Fx/British Pound
289 6 6
EDIT : NO MORE UPDATES DUE TO INSUFFICIENT LIKES.

I WILL BE LOOKING TO BUY THERE.
IT MAY NEVER GET HIT BUT JUST AN OUTLOOK.

IN FOREX , KNOWING WHAT COULD HAPPEN BEFORE IT DOES IS THE KEY TO SUSTAINED PROFITABILITY.
MANY A TIMES, TRADERS SEE TODAY TO DETERMINE WHAT COULD HAPPEN TOMORROW.
BUT THAT IS NOT ENOUGH. IF YOU COULD SEE A WEEK AHEAD,
YOU COULD GAUGE WHETHER TODAY'S OR TOMORROW'S MOVE IS A CORRECTION, A TRENDING IMPULSE OR EVEN A REVERSAL.

ANYWAYS, PRICE IS AT 78.6% NOW WITH A SLIGHT D1 REJECTION OFF THAT MARK.
BUT W1 SHOWS US THAT FURTHER DOWNSIDE IS POSSIBLE.
SO I AM LOOKING TO BUY @ 100% OF THE FIB.

H4 WITH RSI DIVERGENCE SIGNAL
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W1 WITH MORE DOWNSIDE POTENTIAL
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Related Ideas

bilk29
a year ago
thanks
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PriceActionTrading bilk29
a year ago
No problem.
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THIS HYPE UPWARDS IS NEWS RELATED. THUS IS ONLY A RETRACEMENT UPWARDS IMO, FOR A BIGGER MOVE DOWN TOWARDS OUR BUY ZONE. DO NOT BUY INTO THIS. 0.7200 - 0.7250 IS GOOD SELL AREA THOUGH, FOR THOSE INTERESTED IN TAKING THE SHORT SIDE BEFORE THE LONG SIDE.
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UPDATE : PRICE WAS REJECTED FROM 88.6%. COULD BE A GOOD BUY BUT THE NEWS HAVE STOPPED ME OUT OF EURUSD ONCE AND I FEAR TO ENTER ANOTHER EUR LONG.
WOULD WAIT TO SEE TODAY'S CLOSE, OR FORGO.

REJECTED ON THE H4
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+1 Reply
UPDATE 2 :

PRICE REJECTED FROM 127.2% AND 88.6%. GOOD BUY ALTHOUGH FIERCE BEARISH BAR. ONE COULD BUY AND PLACE SL BELOW 100%.
H4
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ANALYSING THE BOUNCE FROM 88.6%, PRICE IS CURRENTLY AT 61.8% OF THE UPWARDS BOUNCE. BEST RR TO BUY.
H1
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NOT SURE WHATS THE HYPE WITH THE MASS EUR SELL. BUT I FEEL ITS UNSUPPORTED. I COULD BE WRONG.
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FINAL UPDATE : PRICE REJECTED FROM 61.8% AS MENTIONED AND HEADED TO 161.8%. EXPECT SHOW DOWNSIDE SHORT TERM FIRST BEFORE D1 UPSIDE RESUMES.
UPTREND IS CONFIRMED, INSIDE BAR D1 FORMED. IF TODAY'S D1 CLOSES ABOVE THE MOTHER BAR, EXPECT BOOM TO THE TOP.
NO MORE UPDATES DUE TO INSUFFICIENT LIKES.
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