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...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8595). 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 below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8595). 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 below the 21-Day WEMA which acts as a dynamic...
Good morning traders, today we bring you an analysis and potential setup of what we would expect in the EUR/GBP to be able to trade the downtrend. 🔸Before explaining what we are looking for in this pair, we will focus on analyzing the context and showing you why we consider that the downtrend is still in force. 🔸After the break of the bullish channel, the price...
EURGBP is melting like an ice cream on a warm summers day. Second time this week we have taken advantage of the bears on EURGBP. We entered earlier this morning with an entry of 0.86745 and we are currently sitting comfortably in profit. We are going to patiently sit on this pair to hopefully see price reach our Take profit Zone at 0.86089.
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/GBP ⚪ Technical Analysis : Since the 20th of January 2021, the price has been following a really strong descending...
Another trade that we took advantage of today at forexinsightsuk was the EURGBP. We entered early this afternoon with a Entry of 0.87295. This pair was on our watchlist at the beginning of the week during market opening hours and we are glad we could take advantage of this trade that fell lovely into profit. We were expecting a pull back and wasn't sure how much...
Price has been in a descending pattern since the beginning of the year. It is only now that we can see a clear reversal pattern - ending diagonal - whilst approaching a significant level. I'd wait for price to tag the low and give some sort of bullish momentum before considering longs.
Price has been in a descending pattern since the beginning of the year. It is only now that we can see a clear reversal pattern - ending diagonal - whilst approaching a significant level. I'd wait for price to tag the low and give some sort of bullish momentum before considering longs.
Welcome back Traders, Investors, and Community! If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Good trading at everyone!