Price action has formed LH forming a descending trendline from D1 and H4. A strong bearish pin bar signaling rejection from buyers, allows the setup for a short play, expecting a pullback to the recently broken resistance level The order: Type: sell-limit S/L: 48 pips - R:R | 1:2 - T/P: aiming towards a support trendline. -- *** If you like the idea, don't be...
** 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...
Price has indicated that it will come back up and retest resistance before taking a drop - If youre in a sell you may want to watch and hedge your trade
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
With the EUR in a bearish tone across the board, the EURGBP price action has formed an H&S pattern, currently trading below the neckline, and the 200 MA a short entry is placed. Looking for a pullback before its downtrend continuation for the following order The order: Type: sell-limit S/L: 50 pips - R:R | 1:2.4 - T/P: aiming towards the support level -- ***...
The counter is currently in an ascending channel pattern. It fell off recently from the high to lower parallel, where it found support. Now, it is marching up with momentum indicators like MACD and stochastic on the verge rendering a bullish crossover. Hence, we expect the pair to be bullish in the near-term.
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.
We are looking at a great buying opportunity at EUR/GBP to complete the right shoulder of simple market pattern. I think it's very accurate giving the fact, that the price currently approached a strong demand area, from where the price should make pullback.
Hey guys, me again still learning forex been really analyzing the markets so any feedback is really appreciated as it helps me improve as we are in it together. - Really looking for some action in this one. market does seem bearish so im expecting a break and retest for the area however keep in mind your long opportunity too. - I will be looking to enter either...
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.
I predict price will break higher before dropping
waiting for bounce here if we got bounce from here than ready to move else it can breakdown Let's wait for Daily close
After a steadfast bearishness with the pair getting close to a previous T/P level from yesterday setup. The pair is currently forming a clear bearish flag, which allows the setup for an additional short entry, adding extra pips The order: Type: sell-stop S/L: 12 pips - R:R | 1:2 - T/P: aiming towards the support level -- *** If you like the idea, don't be...
With the GBP showing some bullish momentum across the board the EURGBP pair shows a strong bearish bias, a massive sell the last three hours, has diminished any uptrend bias previously presented, to ride the bears a sell stop trade is placed with the following levels The order: Type: sell-stop S/L: 44 pips - R:R | 1:2 - T/P: aiming towards the support level...