Waiting for price to break structure and we can go short
Price has broken support, waiting for a break in the trendline and retest before shorting
ENG: - EURGBP might do a retest to our ex supportive trendline, giving us the bias of a possible bearish run. PT: - EURGBP a efetuar um possível retest na nossa supportive trendline, dando assim ênfase a uma possível bearish run.
EURGBP approaching support at 0.90144 where it could potentially rise further to 0.90537. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP approaching support at 0.90144 where it could potentially rise further to 0.90537. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP bounced off 0.90205 where it could potentially rise further to 0.90637. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The counter is currently in a short-term bear cycle. It has completed wave 4 in the form of a bearish flag pattern and has commenced wave 5 with a strong engulfing candle. Hence, we expect the pair to be bearish in the near-term.
Seems like a good swing is about to happen. HIT the LIKE button if you're on board!
I am waiting for price to close below the support line before I short to the greyed area where price has been rejected before Once price has then continued to move I will place another short to the next support line We will need to wait for the pullback upon breakout before placing the trade
** The GBP has been strong for some days. Looking at technicals, we see that price has rejected a Daily Supply zone and starting to bounce off it. ** Remember that supply and Demand will always win so i expect price to rally down to our next Daily Demand zone withh TP around 0.87260 before deciding on what to do next. ** Please Like and Leave a comment if you...
We can see from the chart that this pair has fallen from this zone a few times in the past, i am currently selling but waiting for price to break this key level before adding another sell I believe it will come up and test resistance again before dropping
Wait for price to breakout then we are jumping in for the sell to the target area
EURGBP bounced off 0.90271 where it could potentially rise further to 0.90574. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP is below a strong weekly resistance and created a very weekly bearish candle. my view is sell. after it breaks the upward trendline on H4. or it might create H&S or Double top before it falls.
Stop towards 0.92 Target towards 0.88, 0.87, and 0.83