Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8563). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8563). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
H4 time frame. The downtrend structure has been broken, the price is currently retesting the Key level at 0.85500. Wait for the buying signals to appear here. The profit target is the old resistance area at 0.86600. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
I am expecting further upside in this pair. Price currently retracing to complete wave-4. Notice that wave-1 and wave-3 are almost same length. Usually when the length of wave-1 and wave-3 is the same size, wave-5 gonna be the longest wave and it will have 1 : 1 : 1.618 comparison. Buy EURGBP 0.8558 Stop loss 0.8530 Take profit 0.8638 (2.8R) Use only 1-2%...
support levels and macd show us that there is a good situation for long with low risk
Hey traders, here is my analysis for EURGBP let me know your thoughts below!
Price broke out of the descending channel last week and looks to be re-testing today. We expect to see a reversal around 0.85010 if we see a strong break below 0.85610. If price follows our prediction, our target will be 0.8313.
EURGBP break R57/67 level to make the way to R110/120 to complete our Cluster. Short selling is preferable here. The correction would be to R57/67 but depends on latest C0 level. But, the trend will still bullish. I'm pretty sure.
1:Market in overall bullish trend . 2:Market Respecting Fibs Level. 3:Moving Average below the price. RR:1:2. Notes: :Simplicity is a way to win. :Trade at your own risk, wait for conformations on smaller time frames or whatever your approach is of conformation. :It is all about probabilities. :Look for News. :Ideas for educational purpose only. :Follow for more...
EUR/GBP technical outlook The EUR/GBP trades around 0.8576 in between the 100 and the 50-daily moving averages, while the 200-DMA stands at 0.8710. In the short term, the pair is in an uptrend. Strong resistance lies at the confluence of the 100-DMA and a psychological round level at 0.8600, whereas the July 20 high at 0.8669 is the second resistance, followed by...
we are currently waiting for a corrective structure or pullback to the trend for possible trend continuation to the upside
There are 3 bullish candle wicks on H1 EURGBP pair which is looking to follow the bullish movement of EURUSD. EURUSD gained almost 100 pips from 1.1770 and EURGBP is looking to replicate that move. Stay long above 0.8505 for target of 75-100 pips from the entry.
Waiting for the pullback to the snd zone and chasing the target!! WARNING, I only analyze, if the prediction is right and the prediction is wrong, I have measured the risk!!PLEASE support me give a like if you like it!! Thanks!!
Watch the price break the support level, and look for a buy entry. FX:EURGBP
With the continuous lower highs and lower lows forming, we should expect sells to continue on this pair. We're keen as to what price will continue to do at this level. We already see rejections at the level, and we're looking to pick up entries on the lower timeframes. We're moving with the trend. It's the best we can do.
Not legal and financial advice; Any information provided here is only the personal opinion of the author.
EUR/GBP is struggling at the bottom of a range for a long time now. However, a reversal might be on the cards as EUR begins to gain momentum while GBP is losing steam. Price is showing some signs of a rebound in a strong support level and so traders can consider buy entries@0.8470-0.8510 with SL below 0.8425 and TP at 0.87. If 0.87 is broken by the bulls, the...