Here I have EUR/GBP on the 4 Hr Chart! Here we see Price has made 2 clear Lows ( Latter Lower than Previous Low ) with a High @ .84579 -Now to bring attention to the RSI Indicator, we can see Price is showing a different picture ( Latter Higher than Previous Low ) -We also have a Double Tap on the Lower Bollinger Bands These events add up to what seems to be a...
Please, check our technical outlook for EURGBP. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.843. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.852 level. P.S Please, note that an...
At 12:00 today (25 minutes) we shall know what the BOE intend to do about the current round of interest rates. The market expectation is 0 - 2 - 7. The first digit is those MPC members who voted to increase rates (no-one expects this to be other than zero). The second digit is those MPC members who voted for a decrease in rates (the last month saw 2 members vote...
Recovery euro + dovis usd ent : 0.8432 sl :0.8375 tp: 0.8520
It's been 7 trading days already and the gap created on 10 June remains unfilled. It's not often that we see such PA in the forex market. After trying to 'runaway' I think that this market is now inching towards filling the gap. If/when that happens I will be looking for a bearish continuation. This is not a trade recommendation. Trading carries a high level of...
#EURGBP UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURGBP. EURGBP is getting a good bounce from this support level. Here it has Maximum chances we can see gain upto 100Pips soon. Keep in touch we will update further soon.
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.84900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84900 support and resistance area. Trade safe, Joe.
Basic fibo reversal trades based on 2 entries, one from 0.5 level and one from 0.618
EURGBP - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8455. We look to Sell at 0.8455 (stop at 0.8473) Our profit targets will be 0.8410 and 0.8400 Resistance: 0.8455...
It's a well know market phenomenon that gaps in the market are inevitably always filled. The market hates gaps. No-one seems to know why but its simply a fact. When the markets opened last Sunday (UK time) EUR gapped open across many pairs. EUR/USD 25 pip gap - filled. EUR/JPY 28 pip gap - filled. EUR/CAD 26 pip gap - filled EUR/CHF - no gap EUR/AUD 37 pip NOT...
Hello,Friends! We are now examining the EUR/GBP pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.849 level. ✅LIKE AND COMMENT MY IDEAS✅
Pair : EURGBP ( Euro / British Pound ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame Break of Structure Completed " 12345 " Impulsive Waves RSI - Divergence Resistance Level
Take a look at our analysis for EURGBP. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.843. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.836 level. P.S We determine...
Market Analysis: EUR/GBP Poised For More Losses EUR/GBP is declining and trading below the 0.8410 support level. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is declining and showing bearish signs below 0.8460. - There is a major declining channel forming with support at 0.8410 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On...
EURGBP showing bullish momentum based on 1H divergence and double bottom reversal pattern. Entry is taken at CMP with SL at the previous LL and TP at 1:1 and 1:2. What do you think, will it work?
My Dear Robbers / Traders, This is our master plan to Heist EURGBP Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 target in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain...
From a fundamental standpoint, given the political problems in the EU, the GBP is expected to outperform the Euro, regardless of what happens with the major pairs (EUR/USD and GBP/USD). This, combined with the technical outlook, could create a promising selling opportunity for EUR/GBP. As shown in the chart, the pair broke a major support level this week....
That liquidity zone is so heavy !! A long the time accumulate all the liquidity.. Remember this pair is the most powerful, because there are two strength currencies .. If you understand long term, you have a money gun.. Obviously with the perfect strategy !! if you liked it, FOLLOW ME