PLACE A SELL LIMIT AT THE 0.86948 FIB LEVEL. STOP LOSS AT 0.89075
Big Move to the downside, EURGBP heading down. :P
Hello Everybody, I would sell this pair if a candle closes below the 26 EMA. However, closing a candle below the 26EMA is not just the point to decide whether the pair is to sell. So, I will update the movements accordingly. Keep an eye on EURGBP 4 hour chart.
EURGBP next target prediction 0.83991
Hello Traders ! We have a broken trend line on daily time frame and RSI divergence, we are also bullish fundamentally in GBP pairs. This looks like a good opportunity to short this pair, you can either short now or wait for a pull-back or consolidation and short...
EURGBP has retraced up to the 38.2 fib level from the most recent swing low which has given me an aggressive short entry point back down to the previous lows at the 0.84900 level. We are overbought on all timeframes from the 4hr down which has given me confidence to bag at least 20 pips or so profit from this trade. My mid-term bias however is bullish up to the...
a trend line can be re tested, previously a said it would fall to long term trendline to re test, but this short term trendline can be a posible reversal zone, is good to take profit, and if you want to get short after the break out wait for the pullback
Traders, We have had a great amount of success over the past few, with focus on usd/jpy and the BOJ as see in the related ideas, long may this streak continue! SUMMARY: The EURGBP pair bounced slightly during the course of the day Tuesday, using the 0.8639 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is...
SUMMARY: The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8416 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are...
SUMMARY: The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8319 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are...
I have already posted the 4h chart for this pair but it even looks better on weekly trade for all you long term traders. we are looking at a lot of potential pips here, its a great moment now to catch the falling knife. - Trendline broken - RSI starting to head south - take a look at that beautiful MACD formation too.
EURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail. On chart: As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout...
EUR/GBP ( DAILY ) RECOMMENDATION: BUY SUMMARY: The secondary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7900 and support at the...
To all harmonics lovers ,here we have a nice probability succesful trade .This Bearish Bat Pattern have a divergence in rsi (14 ) period daily a double top in 4h timeframe and its inside a strong resistance .All this things together makes fell comfortable to enter to this trade ,take a look and think about it .
High test candle on the weekly, strong momentum down on the 4 hour. Weekly fib 50 retrace is below the .75 key level. macd and rsi showing downward momentum. 4 hour making lower lows and lower highs. Getting in early - will have to wait and see how this one plays out.
We could see a downward movement towards point C at which point I will look to take a long position for teh C to d leg of the cypher. C will be in teh oversold area of the RSI and previous area of resitance and from here we saw the impulse leg up