ARE BUYING ZONE FOR LONG TERM SWING ENTRY 1 .85580 ENTRY 2 .85280 ENTRY 3 .84980 SL .84731 TP.1 .86280 TP.2 .87280 TP.3 .88380 TP.4 .89480 TP.5 .90580
A Stochastic indicator on line 7 signals the end of the declines. The RSI is also very low on line 40, almost at the level it had in April when the eurgbp rose from 0.85-0.94. The support line at 0.8520, 100 pips lower than the current price. Buy in the support line area with a target of 0.8720 or buy now with the same target price (slightly higher risk)
Eurgbp - weekly - Price dips into a weekly demand level after falling off the cliff weeks ago.. its only right we get a decent pullback if not a reversal.. lets see how this goes!
EURGBP reversed off its resistance at 0.86826 where it could potentially drop further to 0.84819. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
This is my long-term analysis of EURGBP. It has completed 4 Elliot Wave impulse waves and is preparing to begin the 5th wave down to complete the sequence. The Fibonacci retracement from WAVE 1 rejected the 61.8% level, showing the trend is strong. Therefore my target for the end of WAVE 5 and completion of this trend/sequence is at the 161.8% level (0.8454). If...
According to the Fibonacci retracement tool, there will be a retracement up to between 0.8608 and 0.8623. My Short trade idea is to catch the next leg down of this downtrend. TRADE INPUTS: ENTRY: 0.8608 STOP LOSS: 0.8630 TAKE PROFIT: 0.8560 RISK: 22 PIPS REWARD: 48 PIPS RISK:REWARD RATIO: 1:2.18 I have longer term analysis for this downtrend which I...
The EUR/GBP currency pair will most likely continue to edge lower during the following trading sessions. However, the currency exchange rate could make a brief upside movement in the shorter term.
EURGBP expected to rise up to 1st resistance at 0.86918 where it could potentially react off and drop down to 1st support at 0.85830. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Massive movement to the downside with EURGBP after a big move like this I like to let the dust settle for a bit before jumping into a trade. is 0.86 holding as support? It seems like it for the time being. Remember patience is key with forex, there is always another opportunity to take a trade no reason to rush into anything when there is no clear direction. For...
EURGBP expected to rise up to 1st resistance at 0.87170 where it could potentially react off and drop down to 1st support at 0.86278. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
ANALYSIS ON EURGBP Welcome to my analysis - 2 Hour Chart - Interesting Point of interest In the EURGBP pair. - Price still below 200 day EMA. - Expecting more downward momentum. - MACD showing bullish divergence so watchout. - Bottom for BUY Stay Tuned
For the full analysis hit the link in my bio!
After the powerful Double Top, we analyzed and which led to the strong declines, its good time to analyze again. The decline in a daily graph (Weekly and monthly still uptrend). You can see that the price stopped exactly on the moving average line which serves as strong support. The Stochastic with the lines at the cross, at the lowest possible level with an...
EURGBP in a zone where the price can stall for some time but we still keeping our downtrend bias. We have half of our positions still opened.
Stay alert for more.