Our last eurgbp breakout didn't fail us. Now we are looking for another leg down
GARTLY FORM ON EURGBP D1 CHART... TP..0.8546.... SL... 0.8912
The eurgbp is on its way to its fifth attempt to break through the resistance so it's an excellent time to get in short. The target is clear around the support area 0.8512
Trade Background: Bearish Reversal Price has returned back to major resistance level of the bearish channel. Where the sharp recovery in price resembles a V shape formation. Now that the week is almost over, we're going to see a massive amount of economic data coming out of UK in less than 3 hours! These data include Q1 GDP, Manufacturing data, Total business...
we will be selling EurGbp when it breaks the trend line and gives us good price action. please trade with good risk management.
EURGBP came to resistance zone and losing buyers
The resistance line is placed at the aforementioned price because this is previous support that lasted from 18 April until 26 February until it broke and turned into a new resistance.Our recommendation is to sell because we are close to the resistance line, keep in mind that the eurgbp can also continue upward until the circle added to the picture above Sell...
The line of resistance in the weekly chart above is a line that once supported and turned into resistance, as long as the price of the eurgbp does not break this resistance and we are relatively close to the resistance price, our signal will be a sell signal Sell EURGBP: Entry Price:0.8568 Take Profit:0.84 Stop Loss: 0.8645
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...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Our recommendation is a sell recommendation for several reasons: The eurgbp is currently in front of resistance (Support turned into resistance) And this is the third time he has tried to break and is not succeeding And the other reasons, in short, are the downward trend, The Ichimoku indicator that all parameters indicate continued declines Sell EURGBP: Entry...
See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
As can be seen in the graph above, two weeks ago the eurgbp broke the support at 0.8650 Then last week the eurgbp rose by 100 pips and it looked like the refraction of support was a false alarm, You can see that the green candle stopped in support that has now become a resistance and that's a very good sign that you can continue to sell with confidence Sell...
From 8 October we entered into Rang prices with support at 0.8650 and resistance at 0.9075, The break came last week with the candle falling to 0.8525 since the price has returned to a little higher but support has broken it- is a sign for us to enter into a sell position! There are sometimes false alarms so please do not gamble with everything. Sell...
EURGBP SHORT AFTER RETRACEMENT FROM TREND LINE AND KEY FIB LEVELS
Hi Traders, The EURGBP reversed from a resistance level and broke below a key support level with an impulsive move labeled wave A "blue." . The price has completed a bearish ABC zigzag corrective pattern which retested the broken support that lined up with 38.2 - 50.0 Fib ratio and moving averages, labeled wave B "blue." . Considering that price has broken out of...