EURGBP came to resistance zone and losing buyers
EURGBP has been in tight range of 0.86500 and 0.84700 since 15 days. Price has created good support at this level which is important trendline support.Price is also near to 200EMA support which increase the probability of bullishness. I will wait for retracement after breakout of 0.86500....Will eneter the position at 0.86700 levels with the stoploss of 0.85400...
See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Hello! Thank you for the support. Price making another breakout and another buy signal. I am going long with the take profit level at nearest base @ 88160. Regards. AK.
Higher timeframe its a correction after the impulse. but on the H1 we can get a channel from this correction. A break of this channel we can get a downwards movement to previous support. Enter after a bearish close breaking the channel or an retest of breakout.
I CAN SEE THIS MAKING MORE MOVE UP TO AROUND 0.87983 OR FURTHER UP TO AROUND THE 0.88543 (50% FIB RETRACEMENT)
The price is at key support level. If price breaks below the 0.8620, I'll be looking for short trade or if price gets rejected from that level - potential long trade. EURGBP SELL BELOW 0.8620 SL 0.8690 TP 0.8400 www.trade-insider.com
As can be seen in the graph above, (A-Time Period) during this period we were in a distinct upward trend-3 years. (B-Time Period) The market remained stable and ranged from 0.8640 to 0.92 And now we are at the bottom of the price and that's why we'll take advantage of it and recommend a buy signal Entry Price: 0.8690 Stop Loss: 0.8600 Take Profit: 0.8850
I see bearish rising wedge formation also rsi and macd histogram shows bearish divergences on 4h chart for EUR/GBP. If inclined support is broken, we will have a chance to scalp EUR/GBP. Profit Targets: 0.88775 0.88610 0.88400 Stop loss: 0.89500 Have a nice day, Berk
Respected followers, as we can see on Weekly chart, EURGBP has made Double Top which indicate us for bearish market.
just an intraday trade 40-50 pips to take in less 24h i think about sell the news and buy the rumour on GBP Theresa may will make short speech sooner..i take just 45-50 pips in case if the speech worst for gbp anyway some pullback is likely to happens
If the Resistance level of 0.89200 won't be broken we could see a drop to 0.88700 Goodluck trading and let me know what you guys think about EUR/GBP!
Resistance level of 0.89200 not broken, possible short to 0.88300 Goodluck trading and let me know what you guys think about EUR/GBP!
EURGBP Timeframe: H4 Direction: Short Confluences for Trade: - Waning strength in bullish rally - Price at Horizontal Resistance - Likely to Breaking S/T Trendline - Stochastic Overbought momentum - Fundamentally, both nations have internal issues that have yet to be solved, it really depends on timing on the events release; do note that EU will comment...
EURGBP, eurgbp ready to fall now, divergence being formed for selling