EURGBP on the daily chart bounced over the 0.618 Fibonacci level before starting a new leg. On the 4 chart the price after the last minor impulse retraced back exactly at the 0.5 fib level. IF the market will break and close above the minor support we will set a nice long order according to Plancton's strategy. -––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
Clear structure here from the Brexit pair. In a short term downtrend which is about to meet a long term ascending trendline from the March crash. Buys and sells pretty clear here with price stuck between daily support and resistance currently. For buys, we need to break the 38.2% fib area and daily resistance and sells, we need to close below that major...
EURGBP on the monthly chart is close to a very important level around 0.92300. On the weekly chart, we can see how price after the nice impulse bullish candle retraced back until the weekly support at 0.90500. ON the daily chart, price hit perfectly the 0.618 fib level at the end of the retracement move over a daily structure. IF the price during next week will...
Price failed to complete a fractal on 2 weekly chart and is moving away from it. Things started to go wrong in July last year...something to do with Brexit and this "wrong bias" keeps going... We see accumulation above the failed fractal and price is likely to push higher making higher high. THIS IS NO TRADE SETUP BUT GENERAL OUTLOOK TO IDENTIFY LONG TERM BIAS....
With the 0.9000 level holding strong for the time being we can see some price consolidation in the area with a short term long trend forming. We are long for this area to the 0.91 level where expect a turn around. Good luck
EURGBP is moving in a descending channel on the 4h chart. The price after touching the higher trendline broke below the weekly support creating a double top lower close on the daily chart. Currently, the price is holding the 0.90200 level. IF the price will go for a retest of the minor channel and give us a sign of inversion we will set a nice short order...
Short EURGBP @ 0.9150; TP @ 0.8967, SL your choice
The Euro’s latest gains have been pushed in the footsteps of the Yuan and on technical grounds to a degree as Eur/Usd eclipsed DMA resistance just below 1.1800 along with decent option expiries between 1.1790 and the round number on the way to 1.1840 and a minor new m-t-d high vs 1.1831 from October 9. 1.1850 is the obvious next upside objective, as Eur/Jpy eyes...
EUR/GBP 4h chart. Descending triangle pattern, the breakout is due in the short direction. The next strong level is far away, there is room for a fall in the price. Great Risk-Reward ratio, I'm expecting a big boost this week.
Sales range: 0.91050 Targets: 0.90950- 0.90850- 0.90750 Stop loss The first goal: the profit to loss ratio is 1: 1 (0.91150) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 0.91050(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
EURGBP on the daily chart after the move up until the recent highs retraced in a choppy move creating a wedge formation. The price just hit the 0.618 fib retracement over weekly support. IF the market will move back above 0.90700 and consequently break the wedge and the minor resistance area, we can set a nice long order according to Plancton's...
TF: 8 Hr May see a retracement for a bit and more bullish movement if price holds in the trend.
PLEASE SUPPORT THE IDEA BY SMASHING LIKE AND GIVING A COMMENT <3 Hello Forex Trading Lions! PLEASE ENJOY THE FREE IDEA! Looks like eurgbp has been trending towards the downside nicely, also giving us a huge bearish engulfing candle, not the best risk to reward on this trade, but since its very volatile I believe it might first have a pullback towards the...
Hi All, Another free trade for the week. Entry and SL marked. Many thanks