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EURGBP FOREX BREAKDOWN 11 MAR 2019
Very strong bearish movement into our range support!
Bearish pullback towards our entry level!
Bearish market with bullish pressure, expecting a trend change to the upside with good entrys now!
ENTRY @ 0.85730
SL @ 0.85290 (40 Pips)
TP @ 0.86390 (65...
We are already within a few days within the range between 0.8489 and 0.8694. We recommend taking advantage of the situation in buying close to support and selling close to the resistance
Entry price: 0.8550
Stop loss: 0.8480
Take profit: 0.8670
We added the Fibonacci Retracement to the graph after a relatively large drop or rise it helps to analyze, So last week the euro rallied against the pound and started to rise even crossed the 23.6 Fibonacci line and then stopped right in the 38.2 area and fell back to 23.6, We believe that the price will stabilize and gradually return to the 38.2 Fibonacci and...
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
EURGBP has hit its previous April 2018 low.
i am expecting a horizontal pullback where it
could potentially reverse to its support at
EMA 200 & EMA 21 are both in the sell zone so
Watch out for the break in the RED trend line
as this could leads us back to
its support of 0.87657
See previous analysis
PLEASE SUPPORT THE MOVEMENT...
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
as you can see in the graph above we have a Double Bottom model (pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between) If there are no surprises, the price will climb again!
Entry Price: 0.8710
Stop loss: 0.8640
Take Profit: 0.8820