My dear subscribers, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8600 pivot level. Bias - Bearish My Stop Loss - 0.8615 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.8576 About Used Indicators: The average true range ATR plays an...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill that huge imbalance lower and then rejects from bullish order block. Like, comment and subscribe to be in touch with my...
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it first rebounded from the support line and rose to the channel's resistance line. But after this, EURGBP bounced from this line too and continued to decline in the channel...
Yesterday I SHORTED this pair from just below the WR1 pivot. There was French and German Flash Manufacturing & Service PMI this morning so I banked the profit and waited to see what the print was. All releases came out in green numbers and inevitably this gave a boost to the EUR. Key now was the realease of the same data out of the UK. This too came out in green...
Preferred direction: BUY Comment: Metals , on the contrary, show a negative trend at the beginning of the week, but within the framework of long-term movement, this is just a normal correction. Long trades of both gold and silver are considered. For silver , the price approached important support at the level of 26.50 , from where last time we recorded a...
Since the middle of last week we have seen all GB P pairs selling off. GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south. Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these...
Hey team we are here to update about USDCHF. USDCHF is making the bullish flag pattern and ready for breakout. After this Breakout we can see gain upto 100Pips+ soon. Keep in touch we will update further soon.
OANDA:EURGBP This is what I call " the price has moved too far too fast" and formed a sharp peak, I doubt that further upward movement is sustainable. I'am expecting a gradual, smooth landing on the support.
Pulse to the upside has retraced over Fib (0.318) level and broke back the Fib (0) level. Direct close on the Fib counts as a direct entry. Not waiting for a break and retest
Pair: OANDA:EURGBP Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frames - Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone) - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand...
Account FP - #1080732 EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower. Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level. Take profit 1 is at 0.85498...
Hello,Traders! EUR-GBP surged up sharply And the pair is locally overbought So as the pair is retesting A horizontal resistance level Of 0.8620 a local bearish Correction is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Attention Traders, In anticipation of tomorrow's trading session, our focus is on EURGBP, where we're closely monitoring a potential buying opportunity around the 0.86000 zone. EURGBP has recently broken out from a significant resistance level at 0.86000, signaling a bullish shift in momentum. Currently, the pair is undergoing a correction phase, retracing...
✅EUR_GBP price grew again to retest the resistance of 0.862 But it is a strong key level So I think that there is a high chance That we will see a bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello Traders, I hope you doing great. for upcoming week, we'll have two option. The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell. if this post was helpful to you, please like and share.
The overall trend on the monthly chart is bullish. On the weekly and daily charts, we have a bearish market structure indicating we are in a correction. On the 4 hour chart, we are awaiting a break of key structure to confirm bearish momentum. I am looking to trade the bullish correction thereafter targeting the disequilibrium between 0.85 to 0.87
EURGBP rallied earlier in the week but reversed its course on Thursday after failing to clear trendline resistance at 0.8570, with prices dropping towards the 50-day simple moving average at 0.8550. The pair is likely to stabilize around current levels before mounting a comeback, but in the event of a breakdown, a dip towards 0.8520 and potentially 0.8500 could be...
Preferred direction: BUY Comment: Gold has not yet recorded a new high against the backdrop of aggravation in the Middle East, and here we adhere to our previous trading idea of going short with a target at the level of 2300 . It is at this level that we expect the downward correction to stop and the upward movement to resume towards the current high. The...