Updating my idea on EURGBP. I expect the price to fall to a strong support line, after which EURGBP will begin to rise to the resistance line.
setup is going short SL = 100 pips TP = 150 pips Risk 0.25%
A perfect retrace to the 0.886 fibo level for EURGBP which is not uncommon for a wave 2. The wave 5 pattern is forming and it needs to show more of its true colors (expect some more up & down in wave 2 & wave 4) but eventually we should see 0.897 & 0.90 in due time. This coincides with the H4 bearflag on GBPUSD & the COT data on Euro which is certainly bullish....
Eurgbp looks like it touched the weekly resistence, and it is going to make a retest of the marked zone. I am thinking that he will not break the zone, but if he breaks that zone, we might have another oportunity on the next support which is very strong and it is a W support too.
Hello Traders! What can we expect: On EURGBP I see upside move. We are currently at a daily/weekly Demand Zone and from here we can see a big push to the upside. We need to see how the market will develop and therefore we can better identify the Take Profit. I suggest to scalp it always from zone to zone or from zone to support/resistance. That was my Idea...
EUR/GBP Buy @ 0.8715 sl: 0.8680 tp1: 0.8866 tp2: 0.8990
EURGBP Has pushed lower, I wanted to see us push up and make a double top giving a clean opportunity for a short entry but it rolled over and didn’t look back. Still not much movement. Waiting to see how we react around these current levels, its looking like we could be seeing an inverted head & shoulders. We need to let price develop a bit more giving us clean...
The price shows us a pullback now. And it will be a nice Buy entry if it will bounce off the Support/Resistance Zone. Potential profit will be in 3...5 times bigger than risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
Price at 61.8%. Use a small resistance zone to trigger a buy order, or see if we break lower to sell more. Please support the idea and share your thoughts on EURGBP! Good Luck and Stay Healthy!
Price has made a new higher low & reached strong support level. Price from this level may look to make its way back to the upside to make a new potential higher high next.
EURGBP began to grow, but quickly returned. The price is around two support lines and I expect EURGBP to reach the support line.
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