EURGBP has formed a strong bearish engulfing in the direction of the long term trend. The bearish engulfing pattern is confirmed by the strong bollinger band out-break and the long term downtrend. SL is placed at engulfing body high, TP1 is set at 2X the risk. Might hold this trade for a while if price closes below resistance.
Good morning traders, today we bring you a swing trade opportunity in the EUR/GBP pair, as we consider that it has great downside potential. 🔸As we can see, the price has been in a marked downtrend for several months, and at the moment we do not see any clear sign of reversal. 🔸Otherwise, a large support zone was recently broken to the downside. 🔸Since then,...
After a strong uptrend breakdown, GJ making LH & LL, looking for a potential short at 151.25 after price action confirmation. EURGBP still pushing towards 0.866 :
EURGBP on the daily chart is moving inside a descending channel The price if now testing a minor dynamic trendline below a resistance area and according to Plancton' strategy if the market will break above and the conditions will be satisfied we will set a long order -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
GBPUSD Has been a difficult pair to trade. In the recent days it has offered some good opportunities but it has also accumulated and that could be the signal to rebalance the market. Pound has been a pair for day trade only i mean it gives up a good 50-100pips in a day's move so why hold longer when it moves so unexpectedly. Proceed with caution. To me it...
EURGBP LONG | Market insiders Bullish on EURGBP
EURGBP after our last analysis broke below the daily resistance and 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 ->...
EURGBP has been showing us all sorts of triangle patterns! We can see heavy bearish price action at the moment due to a weak EUR and a strong GBP. We are anticipating GBP weakness soon but until then, we expect the price to go down to that strong level indicated. See links below as to why we're expecting GBP weakness.
EURGBP has been showing us all sorts of triangle patterns! We can see heavy bearish price action at the moment due to a weak EUR and a strong GBP. We are anticipating GBP weakness soon but until then, we expect the price to go down to that strong level indicated. See links below as to why we're expecting GBP weakness.
After the recent low EURGBP retraced at the 0.618 Fibonacci level for a retest of the monthly resistance. The market is now moving once again to the daily support below the 0.5 Fibonacci level. 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 after the break below the 0.87 support retest it and currently is moving above the support at 0.86 area. 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. 🟡...
Good morning traders, today we bring you our mid/long term analysis in EUR/GBP. 🔸To begin with, we will base this analysis on the horizontal Support and Resistance zones. 🔸During the last few months, the price broke all the support zones that were in the path of the downtrend. 🔸Recently, the support that was at 0.86800 was broken. 🔸A few days ago, the price...
After the recent low EURGBP retraced at the 0.618 Fibonacci level for a retest of the monthly resistance. The market creates a bear flag 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...
EURGBP after the long downtrend bounces over a confluence of 2 trendlines and is now approaching a strong resistance level. IF the market will break and close above, according to Plancton's strategy we can set a nice long order opportunity. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
Hello friends, first of all, thank you for your attention I started the study with daily timeframes and noticed an important convergence in daily timeframes, as well as a slow hammer pattern with trend lines drawing, as well as a very important support in daily timeframes and the failure of the channel ceiling in the 4-hour timeframes. Also, pullback to the...