After reaching the resistance line, the price went down. I expect that it will reach the support line (open "Buy") and then rise to two resistance lines.
Zone to zone, ill go where the market takes me. I always wait at least for a h4 candle closure, and a retest before I enter. At the moment I prefer Longs
EURGBP BREAK THE TRENDLINE AND MADE RETEST , IT'S TIME TO GO LONG , SO MAKE YOUR RISK MANAGEMENT.
Hello Bunny's, here is my analysis for EURUSD. Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
We got some retest to our support level and some rejections till here affter breakout the trend line. Its possible to expect the price to start going up from now
Bear look exhausted, the bull might come to take place. I'm nothing more to say with this pair!! Take Your Risk and Lucky all!!
EU Technical Analysis ABCD - Thu Apr 9, 2020 19:42:44 (UTC) Thu Apr 9, 2020
it will be interesting to see which way EurGbp resolves..i am baised towards a bullish scenario. Will update it again tomorrow with a recommendation :) Lets get ready soon for some decent size move in the next few days!
EURGBP is finding support inside it’s most recent breakout level. I’ll be watching the 15min-1hr chart for enter, when bullish momentum picks up.
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Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8744). 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 below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8744). 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 below the 21-Day WEMA which acts as a dynamic...
EUR under more pressure this morning and I'm in SELLING EUR/GBP at .8753. All my charts are flagging this a good thing. I've a STOP at .8805 and a TAKE PROFIT at .8592 which is just above the WS2 pivot.
The price is traded below the cloud today, hence there is a bearish bias in this pair this week. Counter trendline breakout, i'm short in this pair now. :)