EURGPB as we have seen has made new high for the month as we come to an end. Price has failed to break the region of 0.91850 which is the daily resistance.Anticipating this pair to retest the area of break (target 1) which if you guys notice there is a perfect head and shoulder pattern on the h4 time frame. Target 1 to the downside needs to be fulfill.
this analysis is showing both ways warnings! so with evolving and every new information and move that the market is making we can read the intentions but everything can change, so ill try to explain euro pound here. on daily tf is showing big divergence and is at the daily resistance and after the first motive 5 wave structure we can take all that (white...
FREE ANALYSIS ON EURGBP Welcome to SiriusTrading (managed by Segunby), Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE, LIKE, LIIIKKKEEE :)
The pair finally looks ready to move lower. We have printed a sizeable red candle yesterday at a very strong area of resistance and we see a clear RSI divergence marked by the purple arrows. What Im looking for to enter this trade is something like this (check below 4H chart)
Sell signal: The stochastic indicator at the highest level (warning of an optional trend change). The eurgbp is close to the resistance at 0.9040 (sell close to re Target: 0.8780
The cross is receding 0.06% at 0.8978 and a break below 0.8948 (21-day SMA) would expose 0.8872 (low Jun.20) and then 0.8826 (low Jun.5). On the flip side, the next hurdle is located at 0.9010 (monthly high Jul.10) seconded by 0.9062 (low Jan.11) and finally 0.9092 (2019 high Jan.3).
FREE ANALYSIS ON #EURGBP Welcome to SiriusTrading (managed by Segunby), Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE, LIKE, LIIIKKKEEE :) - 15 Min Price just broke down my 100 WMA and 150 EMA. Price was rejected at the top trend line. MACD and Stoch RSI showing bearish divergence also. 1 HOUR Buys...
EURGBP reversed off its resistance at 0.89935 where it could potentially drop further to 0.88725. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FREE ANALYSIS ON EURGBP Welcome to @SiriusTrading, Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE :) - 1 HOUR This is more bearish. We could see some minor bearish move. Personally i am waiting for the bigger move down. 4 HOUR Possible Ending diagonal forming. MACD and Stoch RSI both showing bearish...
EURGBP is expected to drop to 1st support at 0.88747 where it could potentially react off and up to 1st resistance at 0.89861. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP is approaching its resistance at 0.89817 where it is could reverse down to its support at 0.88602. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
We have 3 big resistance lines incoming, -0.9 psychological level. -important trendline on daily -and as last the upper channel trendline All 3 I showed by the arrows, the worst scenario I sketched. We also took out some shorts from breakout of previous high of the upper channel(see orange arrow) Let's see, bulls are slightly stopping to buy above the 0.78 fibo level also.
EURGBP reversed off its resistance at 0.89817 where it could potentially drop further to 0.88602. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP reversed off its resistance at 0.89817 where it could potentially drop further to 0.88602. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
A double top pattern that will cause declines Stochastic range 80, high range indicating a possible market correction. A market price correction signal at the market price, rather than a trend signal Target 0.8920
EURGBP bounced off its support at 0.88812 where it could potentially rise further to its 0.89817. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.