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.
EURGBP after the first test of the weekly support retrace until the 0.5 Fibonacci level below a descending trendline. The price from there got rejected and now moving for a new test of the support. 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...
EURGBP on the 4h chart after our last analysis almost reached the 0.86500 level. The market is now testing a minor resistance and if the price will break above we will set a nice long order according to Plancton' strategy. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
The price has managed to break and re-test the major descending trendline indicated on the chart. From this area on, we are expecting the price to continue its upside movement🙌🏻
CONFLUENCES: - Bearish downward trend - Rejection of key fib level - 1st TP in line with monthly support - Rejection of 50 EMA
EURGBP after the consolidation over the 0.85500 level is currently testing a minor resistance area. According to Plancton's strategy if the price will break above we can set a nice long order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure...
EURGBP is trading in a sharp bearish trend. For now, 0.854 is a current structure low. Though the price keeps setting lower highs, it didn't manage to set a new low. The trigger that we are waiting for is a daily violation of the underlined yellow support. Wait for a daily breakout (daily candle close below). It will lead to a bearish continuation to new...
EURGBP is facing bearish pressure from 1st resistance which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push towards 1st support which coincides with -27.2% Fibonacci retracement and 127.2% Fibonacci extension . If prices break through 1st resistance, prices might push up towards 2nd resistance which coincides with 78.6%...
EURGBP is facing bearish pressure from 1st resistance which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push towards 1st support which coincides with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. If prices break through 1st resistance, prices might push up towards 2nd resistance which coincides with 78.6%...
EURGBP is facing bearish pressure from 1st resistance and descending trend line resistance which is in line with 127.2% Fibonacci retracement. Prices might push towards 1st support which coincides with horizontal swing low support which coincides with 61.8% Fibonacci extension and 127.2% Fibonacci retracement. If prices break through the 1st resistance, it might...
EURGBP currently is moving between a tight range within 2 structures. According to Plancton's strategy if the market will break below we can set a nice short order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black...