I think it will test higher low before moving up , this is a quick trade R:R 1.7 SL@.88243 TP@0.87501
0.87400 – 0.87200 tested several times. Bullish trend on the bigger timeframes ended. We see 2 different formations on the Daily Chart. Cup With a Handle and Descending Triangle. 0.87400 is the critical support. Bears can be more aggressive with the break out of the 0.87400 support. We need to see a daily closing below 0.87400. Our targets will be...
Hi there, EURGBP is ready for the next big move up according to the information I have right now. We finished the correction, now going for the next impulsive move up. My plan is to wait for a correction on the smaller time frame, then I'll strike for the buy. This move has a potential of couple hundred pips. MisterRay
The pound is destroying all targets ahead. EURGBP, GBPJPY, GBPAUD, GBPNZD, GBPCHF even GBPUSD. We have reached the main targets. But the game is just starting. The important midterm support has already been broken on EURGBP. 0.87300 is the Fibonacci 61.80% of the daily chart and this was the strongest support after 0.87500. Selling pressure will continue as...
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Buy around 0.8917-22 for a target to 0.9005, stop below 0.8891
As we can see EURGBP is moving towards the apex of this descending triangle. Those with a Bullish bias seem to be holding strong at the 0.87500 key support level, but they seem to be consistently pushed back by the descending trendline of the triangle pattern. Eventually the triangle will no longer be able to contain price, and we will look for 1 of 3...
This morning we saw a close of a Bullish Engulfing which was followed by a slight rejection just above the monthly resistance level of 0.89430 . The EUR has continued this fall this evening however it being a Friday can produce unpredictable signals, we may see that the Bullish Engulfing does prove to be a turning point of the short downtrend this afternoon...
Price is in a corrective zone at the moment. The overall trend is down but expect price to trend up in the interim. Check the H1 Timeframe for the immediate setup. Happy Trading (*-*)
Hi traders, (This trade was suggested to students yesterday 2017-10-19) This is by far the most simplest technical trade of the recent weeks... This means that there isn't much to say that you cannot see on this chart. MACD FAKE OUT RSI MIXED SIGNAL ORDER BLOCK EUR FAKE RALLY Here's what I'm suggesting : EURGBP SHORT: ENTRY : 0.89898 SL :...
From here I favor a move back toward the September low at 0.8744. A break below that would target the 0.8600 handle and perhaps even the current 2017 lows near 0.8370. Keep in mind that all of this is unfolding following the break of channel support on September 12. That was a significant breakdown in the sense that it ended the uptrend which began in May. The...
Keep an eye on the EURGBP daily chart as there was an important rejection from the 50% fib level that suggests more downside if the market can hold below that level. This presents the possibility of breaking below the previous low at 0.8738 and then moving much lower from there.
The EURGBP posted a long white candle and the daily candle suggests more upside. Intraday Update: The EURGBP just hit the 38% retracement and near the 161% extension. As long as .8972 holds, this could be a good reversal level for the pair to move back to .8900. End of Week Analysis: The EURGBP has rallied back to a confluence of fib levels. The 38% retrace, the...
i made my view on short tieme chart setup idea for next week we can see eurgbo keep is support . and after make a breakout of 1h chanel then after make a small range and breakout again but that i seen is the wedge on RSI and i think we have to wait a breakout of the rsi wedge for see a real next move Both eur and Gbp have polical problem one is brexit...
In the near term, the 0.8925 area will likely attract an influx of offers. Any bearish price action from here could provide an attractive short setup. However, I have a sneaking suspicion that bulls want to take prices to 0.8980. This area served as resistance back in late July and subsequently attracted bids on the 12th and 13th of September. I’m going to hold...
Sell this pair if it rejects the channel resistance