EURGBP Intraday - We look to Buy at 0.8425 (stop at 0.8395) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit...
15 mins chart is indicating there is bullish momentum developing. For this ling position the risk is BELOW the cloud (the risk area on the chart) Trade well. Trade wisely.
EURGBP has been trending for a while now. The price looks a little slowish at the top. It can be the distribution of the price. The barometer for the sell trade is the break of the horizontal support zone and a rising trendline. Expect the price to move down if it breaks successfully.
#EURGBP in H4 Time Frame EURGBP is Need to break this middle area of this bullish channel after that we enter a long for this pair.
EURGBP Long position on basis of HHs and HLs as learned in Dow Theory and on basis of bullish indicators in the bearish trend. - Inverted Hammer, Bullish Engulfing, Tweezers Bottom has been marked - SL is last HL - Placed pending order for mentioned entry point.
Hi friend, I hope y'all having a profitable week ;) Today, we have a long-term trade on this baby. I've been waiting for this trade for 3-4 weeks; I shared an idea on it that failed this month (check the previous posts). Despite that, we got another opportunity, so let us look at how the trade triggered and how we will get out exit signal. Bulls: -When the...
EUR is gaining in value due to the expectation that ECB will raise interest rates, something that had not happened in more than a decade. Against GBP the price broke the resistance of the triangle pattern on the 4H graph forming a bullish outlook, which, if gets confirmed, might see the price of the pair testing 0.87 On the other hand, if the bullish scenario...
Here is my view for EURGBP on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
I will be looking for potential EUR/GBP Buy trade setup if I can see price come into this area in the london session & show a bullish confirmation signal. I will not be going into the technical reasons for this trade.
Market structure is in clear uptrend since we constantly have higher highs and lower lows. EW counting suggests Zigzag (ZZ) pattern is about to be completed with one more leg up. Expect them to end around 0.885-0.89 where 1.0 fibo level lies, then we will look for short entry later.
Dips keep getting bough and the momentum keeps pushing up so I will get on the bandwagon.. The stop ideally should be lower but will settle for that and slightly decrease my normal R which by the way should be 3.3 if it works out all the way.
If we can break above 0.85863 will look for longs back to highs at 0.87215 but if we hold firm under 0.85863 will look for shorts back down to 0.84819. If you agree drop a like and if you have any questions leave a comment:)
Don't trade the head and shoulders pattern the retail way, trade it the smart money way. ⠀ If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance. ⠀ When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of...
We have an unused demand area. Due to the liquidity, we can consider reaching this area. The price target is to at least reach the ceiling of the liquidity area.
Hey traders, nice setup is presenting itself on FX:EURGBP . As you can see, on Friday we got a bounce off a trendline on the daily chart. And on the hourly chart, we can see an ascending triangle with a nice role reversal level. I'm looking to enter on a hard retest. Fist profit target being the 0.863 local high and main target the recent swing high at 0.874.
Based on my analysis we can see that from a daily perspective we have tested the 0.786 fibonacci level. Should the price action in the coming days break above the blue resistance zone which the market has been stronglyattracted to, we could potentially see a break to the upside. From a weekly perspective we have created a candle with a very long wick on the top...
Strong uptrend since like forever. The pair maybe in for a slight pullback and continuation. Targets and stops on the chart. Like and subscribe for more analysis to keep up with the market.....don't miss out.
EUR/GBP trades with a bullish bias. 'Golden Cross' (Bullish 50-DMA crossover on 200-DMA) adds to the upside bias. The pair has erased some of the previous session's gains, finds rejection at 200-week MA.