Labeled here are the significant price points.
I'm looking for a retracement to that previous drop-off at 0.86100 and then targeting 0.85000 before bouncing-off for another retracement.
We tapped into a previous order block but the rejection has been small, I would like to see a strong rejection here/below before we get involved in buys to target the buy-side liquidity above the resistant area marked.
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We just broke below a very strong support that is turned resistance and we should expect the continuation to the downside.
Weekly : After the break of the monthly support we retested it on the weekly and we rejected this area which is an extra confluence...
With over 350pips in the kitty, the price continues deep lower in our favour since my last publication on this pair (see link below for reference purposes). As the tendency for price finding lower lows increases, I suspect that the Euro risk a further decline in the coming week(s) on the back of the Pound finding "better days"!
In this regard, a very simple...
Hi Traders
EUR/GBP Multi-Timeframe analysis Update
H1 CHART ( Bullish )
Target 2 at 0.86964 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market.
Support & Resistances
0.86272 0.86485
0.86155 0.86539
0.85957 0.86697
H4 CHART ( BEARISH )
Conflicting technical signals are...
Charts still dont tell me eurgbp is bearish, expecting this move incomming months
Past weeks we had bearish movement purely liquidity trap to remove buyers early sl
Good luck
As reported in my previous post on this pair this is now coming close to resistance. The blue line indicates the lowest point of the old support which was obviously broken and now should act as resistance. I want to see this reach this price and rebound lower to the next target. Need to wait for the price to show it is reacting to this level before entering a...
Like a lot of pairings at the moment this did not make a retrace and continued straight to the next support/resistance level. This touched the next TP price I had set but without the retrace I could not enter the trade.
Now the plan is to wait for a retrace as this is very overbought. A retrace to around 0.5 Fibonacci would be good but we need to see the rebound...
This pair is extremely bearish, I, expecting it to bounce around before it heads lower giving that it broke through a multi year S/R zone. Details on the chart.
Hi Traders
EUR/GBP Multi-Timeframe analysis
H1 CHART ( BEARISH )
A high probability, entry signal to go SHORT was given at 0.86671 after the market found resistance at 0.86779 . Only the upward break of 0.86779 would cancel the bearish scenario.
Support & Resistances
0.86402 0.86793
0.86182 0.86995
0.85809 0.87182
H4 CHART ( BEARISH )
Waiting for...
This hit my TP yesterday, I now want to see this retrace so we can enter another short. When viewing on the weekly and daily timeframes you will see this has been on a big drop without a retrace and we are now at a support level. This is why I feel it is a good time to secure profits and wait for a better position to short again that will take us past the support....
Price is testing the strong weekly support area.
Looking for longing opportunity.
Good luck to you!
Don't forget to like and share, it really helps.
Follow for more.
This is just an idea, not financial advice.
After failing to stay above 0.9150 resistance, EurGbp traded downwards for 2 months now.
At this point the pair is facing strong technical support and I expect at least a corrective rally at this point.
My target is 0.8850 resistance and a daily close under support would negate this scenario
