The previous chart can't seems to load future bars. Therefore I have reposted the chart. We will be looking for long when the price breaks the blue dotted line. We will enter trade when reversal signals are seen when price enters the PINK BOX.
Right in the 1.27 > 1.414 zone could see movement up as we are right down near the over sold area of the RSI
Looking to long in the blue zone. Wait for reversal signal to enter. Hopefully it breaks the 0.75 resistance level.
After big short in EUR.GBP .. a bullish gartley pattern formed.. 0.76 Long for 100 pips SL 0.75 GL
Here on the EURGBP we are in a range bound market, down at the bottom structure support at the channel we got a Cypher formation forming, we have had a pretty free falling market, with some momentum bars today, which have made RSI go down near the oversold area, so let´s see if we catch price for another run at the range. Kind Regards Thomas Jeff
B=%50.0 C=%113 D=%161,8 XA=%88.6
B=%38.2 C=%61,8-%88.6 D=%161,8 XA=%88.6
EUR GBP pair trading in down trend on 4hr candle, it should break bearish trend and retrace at least 38.2% fibo. Buy EUR GBP @0.7788 Target: 0.7848 Stop loss: 0.7748 Gud luck !
EURGBP Has had a retracement form the current uptrend, and has seemed to flatten out, which is a sign of reversal. The point where the price has flattened out is at fibonacci 38,2, as well as between EMA 100 and EMA 200. The price has respected these EMAs multiple times earlier. MACD are starting to show bullish signs, as well as RSI is struggling near oversold...
Nice possible bounce at trend line. It goes left of the graph so pan to see that. My indicators agree with the fibs, I know they may be confusing lol. Buying in at 0.79213 and stop at 0.79100 with a pt of 0.8100
This pair continues to make new higher highs in the upward channel. Its recent fall may now provide an opportunity to go long, however, I will only do so if there is more confirmation from the candlesticks. I expect the price to reverse in the blue zone/ beneath the 38.2% retracement and the previous resistance level which should become support. Based on this I...
0.7960 acts both as a support and resistance. I'll wait for a clear breakout and CLOSE for a possible long position.