Today's focus: EURGBP Pattern – Range/Descending Triangle Possible targets – .8600 Support – .8670 Resistance – .8705 Today’s update, will we see the EURGBP make a new push lower, confirming its descending triangle pattern? Price broke the main trend setting up its first leg lower. From that point, we have seen a consolidation set-up with a bearish pattern in...
in terms of big trend the H4 pair is still in bullish. short analysis that I describe is the analysis if there is a trend correction. as long as the price does not rise higher than the invalid area then the possibility will still be bearish by forming a complex correction wave.
EURGBP has been consolidating for 3 weeks. It has really strong support at 0.8560 to 0.8570. There is a pattern to go long at the current price. With the strong consolidation, we can expect a big move upwards. The stop loss is very tight - just 30 pips below the strong support. This is counter trend and looking for a reversal.
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are bearish from daily perspective as we have huge imbalance lower that has to be filled. I expect price to make a retracement to fill firstly the imbalance higher and then to reject from 4H bearish order block + institutional big figure 0.88000. Like, comment and subscribe to be...
EURGBP has taken out The Sell side Liquidity and Then made Choch , And then created Eq Lows. Now we are Expecting the Marketing to take out those Eq lows and Enter the Zone where previously Manipulated and then Sharply Move upwards to Grab the Buy side Liquiidty
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR...
Waiting for a retest of 0.87588 to short EURGBP back down to prior lows at 0.86750 If you agree drop a like and if you have nay questions leave a comment :)
EURGBP entered into a bearish period, seeing the wave form included in a complex correction wave, a bearish channel was also formed, there is a possibility that in the next few weeks it will still be in a complex bearish period, marked with a fairly high price range but unable to form a new HH. if the wave count is correct, there is a high probability that this...
Looking at the chart you will see that EURGBP has been ranging for so many days, forming multiple head and shoulders. Relentlessly trying to have a breakout from both the trend line and support zone, Finally it did. At this time every trader watching this pair will be happy after the long wait. If the trader is an aggressive one he would sell immediately but for...
2 The simulation will have a very large impact in the medium term, in the D1 period it is seen that the possibility of movement can be 0.865 as a reference for a breakout or fake breakout. I still believe that a positive trend for EUR will occur.
Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR) Entry, SL & TP Levels are defined.
EURGBP IDEA , market is so lovely when you decide to wait, PAytience all always work in this industry.
EUR/GBP has reached a strong Support that has held all year, on the 1HR I see a double bottom formed at the bottom of the support. I suspect that the support will hold for now and price will move up a bit. I will wait for 1HR candle close to place a limit order to buy on the retrace of the broken neckline. This is not a signal, I'm still learning and it is just...
Hi fellow traders, EURGBP looks ready for a move higher from the blue box area. The trade will be invalidated if we break the red line. Target the resistance levels. Good luck and trade safe!
potential bearish entry Dow Theory in Place: Lower High and Lower Low Expected in Place The double top, coupled with bearish divergence (a bearish reversal pattern). Entry, SL, and TP levels are defined.
EURGBP broke out of the descending channel and then dropped. Price pulled back following bearish momentum. It rebounded from the resistance and fibo levels. We expect the price to retest the support levels and further move down from the resistance + 61.8% fibo level. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR...
EURGBP is looking very bearish & looks like we're going back down to the Daily support level. Now we wait for price to make a correction to the previous level of support with a proper candlestick confirmation.