Welcome . Euro pair against the pound. in a very negative state. With a head and shoulders pattern. There is a lot of pressure from the sellers to bring the market down. to 87,500 levels in the first stage. And level 87000 good luck. Note: If you liked this analysis, please give your opinion about it. in the comments. I will be glad to exchange ideas Thank you
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR...
Pair : EURGBP ( Euro / British Pound ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Breakout of the Lower Trend Line and Retracement at Fibonacci Level - 38.20% Break of Structure Completed " AB- wxyx " Corrective Wave and Making its " C - z " Wave Bullish Channel in Short Term also acting as an Correction and Rejection from...
eurgbp is in uptrend making higher highs and lower highs. Buy price, stoploss, tp1 and tp2 prices are mentioned on the chart.
Since all the technical evidences show that EURGBP is still bullish so we can look for low risk price to enter. I'm guessing 0.88300 could be the a good price for long position. . What are your thoughts on EURGBP?
Dear Traders, We have an excellent buying opportunity on EURGBP as we had bullish momentum since last few days, we think price will continue the bullish trend until it reaches araa of 0.9090 which means in upcoming days we would expect GBP to weaken.
From another point of view, in the 4-hour period, we see a positive divergence and reaching the trend line with a lower slope and a resistance range from the previous movement, which can now act as a support, which is exactly overlapping with the B area of the pattern in the range of 0.88456. And it is expected to complete the divergence in the first step in the...
In the daily time, we identified 4 important ranges in the lower daily fractal. 1-0.92566 2-0.82676 3-0.97358 4-0.77886 All movements are currently considered within the above limits. In the daily time, we are looking for two negative divergences. The breaking of the first trend line with a greater slope is a decisive point. Now, considering that we are in an...
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Currently, we are on the static resistance of 0.88962. If the above range is broken, we can expect the range of 0.88807 and the completion of a RECIPROCAL, which is considered an important range for the possibility of a correction (ascension). An ascending pattern has been identified, which can now act as a target and after being touched, it can act as a...
EURGBP is a clear break of structure so i am looking for proper confirmition to buy from this area
Pair : EURGBP ( Euro / British Pound ) Description : Rising Wedge as a Corrective Pattern in Long Time Frame and Rejecting form the Upper Trend Line Completed Impulsive Wave " 12345 " and Correction " ABC " Wave Divergence Descending Triangle Bullish Channel S / R Level
6th February daily inside bar, range confined within the previous bar range. 7th February daily bar broke the low of last two daily bars. this is the indication for weakness ahead for eurgbp. supply zone 0.8945-75, stop loss 0.9005, initial target: 0.8845, medium term target: 0.8790.
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR...
EURGBP hrly short Shortstop @ .89268 TP #1 @ .89059 70.59% wr TP #2 @ .88856 52.94% wr SL @ swing high .89780 15.69% hr WR and HR % Determined by past trades on this pair on this time frame. More systematic trades like this on my profile.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
Had a very busy day and I was supposed to put out this Analysis for you guys, funny how I missed out on EG, but more opportunities will come. Nothing much to say here but stay tuned to my next analysis drop a Comment on what you think about this, and what pairs I should drop next.
Price is moving within a channel and thats channel acting as a support and resistance. now here expectation to fall down and movement will be in within a following support and resistance if this structure followed by eurgbp will se a good bearish move