There is a M formation In the monthly time frame. We can expect the price to retrace to the .50 fibonacci level.
the pair is dropping from resistance level .then a take off?
Trading suggestion: There is a possibility of temporary retracement to the suggested support line (0.8555). . If so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: There is a possibility of temporary retracement to the suggested support line (0.8555). . If so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
CONFLUENCES: - Rejection of 50 EMA - Rejection from 71%-78% Fib area - Bearish trend confirmed by EMA crossover
The price printed some strong bullish candles and is now trading at the previously broken key zone. We will wait for some confirmations to see if the price is gonna grow till the descending trendline or reject the key zone and drop down🙌🏻
Short EURO / Long GBP as team GB starts to benefit from a positive post Brexit narrative. Eur sentiment soured with mishandling of Northern Ireland border and proposed vaccine restrictions. A Sign of things to come? Meanwhile, relative to Europe and America, GB leads the way in vaccination programs and efficacy is starting to show in the data. Trans Pacific Trade...
Overall: With the CFTC data updated until 30 March the EUR showed the biggest decrease of (-19.5K) and the AUD showing the biggest increase of (+6K). AUD, NZD & CAD: Positioning still favours further upside for the three high beta FX majors. The strong push higher in global equities last week is another positive catalyst to keep in mind in the week...
After our previous analysis EURGBP broke below the support area, retest the structure and move to new lows as expected. The market could now provide us another entry opportunity on a new retest of the structure. According to Plancton's strategy if the price will satisfy the conditions we will set a nice short order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
EURGBP on the 4h chart is moving over a weekly support. The market is now testing the structure around the 0.85200 zone and according to Plancton's strategy if the price will break below we will set a nice short order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
Good day traders! Today we want to show you our daily chart analysis of the EUR/GBP pair, since it is behaving in an interesting way and we consider it important to take it into account. 🔸As we can see, for more than a year the price has been in a clear downtrend. 🔸All support zones along the way have been penetrated. 🔸About a month ago, the 0.8700 zone was...
EURGBP will bounce up soon watch that volatility squeeze on daily or 4H chart , 600 pip target at least in around 3 weeks or less ,,
Hello traders, We have very good opportunity to look carefully to this currency pair. We have: + Monthly candle going down + Weekly candle going down + Daily closing support zone + Minimal stop loss for idea + Bearish crowd What we can do? - Wait for daily candle closure. Thanks for watching, please comment and like my video.
The pair has pierced through the 85.5 area of support. We are expecting to price to visit the broken zone once again for a re-test before dropping even more🙌🏻
EURGBP on the weekly chart has been moving in a dowtrend for a few weeks in a row. The price is now trading close to the support area at 0.85300 and never provide a sign of a retracement. We can expect in the next week a retracement move to retest the resistance area at 0.87 and from there will check the market for the next move. -–– Follow the Shrimp 🦐 Keep in...
This report reflects the COTdata updated until 23 Mar 2021. Overall: With the CFTC data updated until 23 March the JPY showed the biggest decrease of (-14K) and the EUR showing the biggest increase of (+3K). AUD, NZD & CAD: After sizable moves lower with the recent risk off flushes, all three high betas remain bullish in the med-term outlook, and with...
Price tested 0.8639 mark - high of 16 March, tried breaking this level but failed and fell sharply. Looking for a pullback to get short for 0.8533 lows.