- Above Mirror Level - short downward channel - wait for confirmation after the breakout
Fundamental View Unemployment rate = Worst Jobless Claims = Worst NFP = Worst Technical View EG been moving and trapped in Bullish Flag. Finally broken that channel and for further confirmation it has retraced as well. Been at strong rejection zone. Hoping to get taken by BULLS from here. R:R mentioned as well :) Share your thoughts as well .:)
A look at the bottom candles in the ellipse shows a trend reversal.
As mentioned in my previous chart i am looking this kind of bearish setup. eurgbp
Need some retracement to find entry in lower time frame with bearish setup. Good Luck eurgbp
longs from pink box zone given await rejection then enter, if it doesn't reject this trade set up is then invalid
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low
0.86825- 0.88757 Marks Daily Buy-Zone. Confirm with reversal triggers for Long entry. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow (...) Thank you and Happy trading.
EURGBP I believe that we are going to see some big moves to the downside soon. I feel we could see one more push to the upside giving us a clean entry to take a short. Watching this pair very closely.
Updating for last scenario. Still waiting last wave up and after go down. Can buy now, but to dangerous to trading in wave 5 . Better to wait for end of wave 5 and looking sell setup
EURGBP EURGBP is looking really interesting, I believe we could be seeing some big moves to the downside. I am watching this pair very closely. If we get some strong bearish pressure we could this this pair come down to retest 0.900 This pair is definitely at the top of our watchlist.
Create lower low continuously... May be sell. But must breakout current support zone for SHORT...
Some clarification for last post about EURGBP
Please support this idea with LIKE if you find it useful. There is good downside potential
EURGBP EG has been stuck in a bit of consolidation, we look like we could be pushing to the upside right now. Sitting on my hands for the time being with this pair.
EURGBP has taken a pounding over the last few months, seeing bears take over the market. They are still in control, even though we are having some short term relief, looking for price to come up to the 71 % fib to see rejection to take shorts from here down to the -61.8%. 300 PIPS RR 6/1
EURGBP expected to rise up to 1st resistance at 0.89217 where it could potentially react off and drop down to 1st support at 0.86072. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.