G'day Guys. This idea for EG. Based on current economic and current human behavior, added by technical analysis. I'm expecting EG will be react on this pattern. It might not 100% following the exact SNR, but we might see the market directions from here. Cheers. Thanks
We tapped into a previous order block but the rejection has been small, I would like to see a strong rejection here/below before we get involved in buys to target the buy-side liquidity above the resistant area marked.
Looking at current price level, we can see that today's candle is till towards the BEARISH side. Today's candle managed to retest a weak resistance level @0.8650, followed by a BEARISH movement towards the downside. From its trend, there is no form of reversal yet and entering a short position will be a better option. As of now, I am seeing 0.8581 support level to...
Based on my previous posting. Here some of the idea for EURGBP. Let see what will happen next? Cheers
EURGBP Short Setup 👉🏻 Was on a bearish bias since last week after price made this break to the downside. Pullback has already been seen, plus with the fundamentals in the UK, price could be driven further down
Uncertainty, EURGBP economic dragging this pair sideway since 2016, Most probability due to BREXIT. In long term perspective this pair direction high probability heading to downside. But yet, we need some confirmation on Weekly supply zone to ensure its heading south sooner or its will continue sideways until its break the demand zone. Do you reckon anything?...
1 POSITION: Buy EURGBP at 0.86560 SL: 0.85060 TP: 0.88560 2 POSITION: Buy EURGBP at 0.86060 SL: 0.85060 TP: 0.88560
With over 350pips in the kitty, the price continues deep lower in our favour since my last publication on this pair (see link below for reference purposes). As the tendency for price finding lower lows increases, I suspect that the Euro risk a further decline in the coming week(s) on the back of the Pound finding "better days"! In this regard, a very simple...
Long EURGBP @ 0.86 TP: 0.88 SL: 0.85 EURGBP has bounced nicely off the 0% fibbo level (0.85390) which suggests that the low is in place for now. Im looking for a correction or retracement that will take us up to the 50% fibbo resistance or 0.88 level. GBP has been very strong of late however I think it has run out of steam up here and we are starting to see...
Hi Traders EUR/GBP Multi-Timeframe analysis Update H1 CHART ( Bullish ) Target 2 at 0.86964 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market. Support & Resistances 0.86272 0.86485 0.86155 0.86539 0.85957 0.86697 H4 CHART ( BEARISH ) Conflicting technical signals are...
EUR/GBP has been following the descending channel since the beginning of the year. The pair managed to retest back to the weekly resistance area . If it manages to break this area which indicates the break of the channel, i expect the pair to buy until it reached the next resistance area . If it fails to break this area , then I expect the pair to...
In sharp contrast to my GBPUSD analysis, if my trendline holds, we could be looking forward to a price decline. Probabilities. Lets see
Charts still dont tell me eurgbp is bearish, expecting this move incomming months Past weeks we had bearish movement purely liquidity trap to remove buyers early sl Good luck
As reported in my previous post on this pair this is now coming close to resistance. The blue line indicates the lowest point of the old support which was obviously broken and now should act as resistance. I want to see this reach this price and rebound lower to the next target. Need to wait for the price to show it is reacting to this level before entering a...
Plan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if...