📉 Expecting bullish price action as price takes liquidity below sell side liquididty and weekly lows that means market is due for a bullish reversal on a intra-week perspective, i think we will hit 0.84000 this week and then look for shorts. What do you think ? Comment below..
Share your idea in the comment section about this pair and let's debate Happy New Year, Michel_FRX DISCLAIMER: 1. Be aware this is not financial advice so trade carefully and have stop loss for sure 2. Past performance is not indicative of future results.
The H4 and daily divergence show weakened bulls, with a triangle in H1. I will be waiting of the support rejection to buy a position.
Waddup Good People :) I have bullish bias here. There's a very nice potential Pattern Separation play here. Looking for either a push down then reversal impulse plus LTF Bull flag for entry or a Push up from current Price then LTF bull flag for entry.
EURGBP retracing back into demand pool to soak up remaining long orders to create another imbalance momentum upwards. Note: This has already been visited so approach with a 2:1 R:R trade.
We're expecting EURGBP to continue trading within the range after seeing two bullish candlesticks on daily closes over the last two days. We took this trade in November expecting a further push but only had a couple of take profits hit. We've now revised this to take profits on the way up to the top of the range. Price is currently trading at bottom of the channel...
Hey guys, this pair is currently at a deep weekly discount. I will be looking for reversal patterns for me to go long on this
Hello everyone Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! EURGBP : the price reaches the lower line of the parallel channel at the same time, it enters strong support zone. A divergence between MACD and the price supports the idea of possible upside...
On a 4h timeframe the price made a fake out on down channel and entered back on the channel making a double bottom, if the price brakes the 1h time frame wedge formation, also the S/R zone retesting it then it will be a very big possibility that the price will go up.
We can enter into a purchase transaction at three points First at this point with sl : 0.83280 The second and third are also specified
When it comes to EURGBP , we've seen price tested the previous support zone and bounced back each and every time, which clearly show the signs of demand. Now price is making newer highs. And I'm not seeing enough resistance to hold the price till T1, which is the first exit point you should consider. If you find this technical analysis useful, please like &...
On a daily time frame there is a downward channel leading into a major support area. I am expecting price to balance off of the support line of the downward channel where it currently is at the moment and break out of the channel heading to the next level of resistance. RSI indicator is coming out of the oversold state as well as the MACD showing a possible...
December has been a very good month for Gbp, with the currency gaining in almost all pairs and in EurGbp's case gaining around 250 pips. At this moment the pair is approaching very strong support and we can have at least a correction from that point I'm looking to buy this pair and with a target of around 0.8450 A break of support would negate this scenario
If current level confirm support EURGBP could give us some nice long with +7.6 RR. Let's hope with crossed fingers.
My analysis predicts a long rally coming up for EG - up to the 0.85 mark to be precise. This one will chop sideways a little to drink up the liquidity before bulls make a run home. I will be waiting for PA to create new demand zones before entering my 2 or even 3:1 trade here.
#EURGBP Daily Here Is That EURGBP Daily We Are looking A Parallel Channel in Bearish Channel So That EURGBP Is Move to Up to Touch The Highest Channel Trend line