So after a long downtrend on the 4 hour we can see that the trend has been broken and the price is retracing to the previous high, also the zone where the market has been broken. The perfect entry will be around 0.90000, and we are expecting a lot of confluence which will consist of EMA-200 support, RSI hitting the low level and the bottom of bollinger bands,...
Second Chance Trade Setup summary: Profit targets= 612 = {TP2 = 57 + TP3 = 105 + TP4 = 160 + TP5 = 290} Stop Loss = 136 pip Reward/Risk > 4.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (0.9000) again. if so, traders can set orders based on Price Action and expect to reach short-term...
Second Chance Trade Setup summary: Profit targets= 612 = {TP2 = 57 + TP3 = 105 + TP4 = 160 + TP5 = 290} Stop Loss = 136 pip Reward/Risk > 4.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (0.9000) again. if so, traders can set orders based on Price Action and expect to reach short-term...
EURGBP after our last analysis broke the descending daily channel with a nice impulse. The price is now looking for a retracement and we will expect a test of the 0.382 or the 0.5 Fibonacci level. IF the price will hit the daily support we will look then for a sign of inversion to place a nice long order according to Plancton's strategy. --–– Follow the Shrimp...
EURGBP might pull back to the trendline, more upside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURGBP might pull back to the trendline, more upside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURGBP on the daily chart after touching the 0.92600 area at the monthly resistance started a long retracement until the weekly support at 0.88900. The price bounce exactly over the weekly structure that corresponds to the 0.618 Fibonacci level of the previous bullish leg and from there created a nice impulse. IF the price during next week will break the...
Hello traders, happy Wednesday! Time to make some money. Today's Trade of the Day is EUR/GBP. With Brexit pessimism rising, I expect further weakness in the pound during the week. Here is the complete analysis. TECHNICALS: The pair broke above a long-term falling channel, but big players will likely drain liquidity to get into the market at more favorable...
Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Bearish market pressure.. 4 HOUR Overall bearish waving market structure, good short entries! DAILY Pullback in a midterm downtrend. - FOREX SWING SELL EURGBP ENTRY LEVEL @ 0.89480 SL @ 0.89920 TP @ 0.88820 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a...
I am probably against everyone when I say that I am still bullish on EURGBP. After the price successfully crossed the red line the H1 timeframe, my bias flipped in my bullish so I am looking for buys. The yellow lines represent the new higher high (HH) and higher low (HL) so that is now the new range. If we take fibs off those levels, we realise the 0.618 golden...
Support and resistance analysis + Trendline analysis Trades in the last day of the month carry much risks
All information can be found on the chart. I tried to make it as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8918). 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 support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8918). 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 support. ....
03:49:15 (UTC) Fri Nov 27, 2020
EURGBP is trading on the important key level within wedge, where it has formed double bottom. LONG BIAS TARGET: 1st 0.89872 2nd 0.90431
Good morning traders. Today we bring you the analysis of a pair that we consider interesting for the medium term. This is EUR / GBP. 🔸What we can see in the daily timeframe is that, in September, the price was rejected in the resistance zone, and slowly generated a bearish movement that broke the bullish channel. 🔸That breakout was somewhat tempting to take a...
Full video analysis of EURGBP --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in...