In accordance with fundamentals and with confirmation of my technical analysis strategy, I believe this signal is reliable for EURGBP
Price is approaching 1st resistance, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal overlap resistance, where we could see a reversal and further drop towards 1st support, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing low support. Price is also holding below moving average and descending...
In the UK, the debate is centred on whether the government will decide to go ahead with the 19 July reopening (we expect most of the discussedloosening to materialize, but with some COVID-19 rules to remain for a bit longer) and if and when the BOE will turn more hawkish. Given the rise in the “Delta variant” and the delay in reopening the UK, UK equity outflows...
follow the price
Daily Trend: SELL LP Sentiment: -32% Looking for a pull back into the Sell-side imbalance area for a move lower. We did not get a pull back on Mondays, so I am hoping that we should see the mark up of prices for better Sell side prices News Retail Sales @ 9am BST which could cause the market to become volatile for a short period. This could be good or bad...
back in channel first confirmation pinbar through trendline second confirmation pinbar through zone third confirmation impulsive bear 4 hour after rejeciton 4th confirmation
Daily Trend: SELL LP Sentiment: -30% Looking for a pull back into the Sell-side imbalance area for a continuation back into the downward trend. Focus on seeing this setup happen in the London Session. Don’t forget to follow us on tradingview Happy Trading Mr Ionic i "
EURGBP has traded into resistance prior to the ECB President Lagarde speech, which will provide insight into future monetary policy decisions for the European Central Bank. Technically the pair is at moving average and trendline resistance, and we anticipate downside today.
This is left to the market to decide, No much talks here, but i'd like to see a break of the FLoor
Good morning, traders! Today we bring an analysis in EUR/GBP since it is in an interesting situation and it is possible that it presents a buying opportunity in the short term. will analyze this chart in two higher timeframes (Weekly and Daider to appreciate the scenario better. 🔸Weekly Chart: On the Weekly chart, we can see that the price was in a range...
EURGBP is facing bearish pressure as it continues to hold below moving average resistance. A break and close below Sell Entry, in line with horizontal swing low support, 61.8% Fibonacci retracement and 61.8% Fibonacci extension, could see price swing towards 1st Support, in line with horizontal swing low support and 127.2% Fibonacci extension. Any opinions, news,...
EURGBP is approaching Buy Entry, in line with 50% Fibonacci retracement, 50% Fibonacci extension, and moving average support. We could see a bounce and further upside towards Take Profit, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average support, showing bullish pressure. Any opinions, news,...
Looking at the daily chart of EURGBP, Using the fib tool . There was a 78% fib bounce and currently the 61% fib level test and simultaneous buying area . On the other hand , looking at the downtrend theres selling pressure at the 38% and 23% retracement levels , so ill be watching there for a failiure of bullish pressure , but theres a strong buy sentiment for the...
EURGBP has been making a really long descending correction and it's time we breakout of this correction and move up! GBP is weak this week so this would push EURGBP higher. Watch for the wedge to break and a bull flag to form. Goodluck and trade safe!
Short on EURGBP after the touch of the uptrend in a longterm and well respected bearish trend. We have a reversal pattern here with a double top in progress.