EURGBP Long Setup Continuation trade: 👉🏻 As mentioned earlier here, Wave-2 looks pretty much like a flat ABC correction, H1 OB still holding as support and has potential to continue forming its next impulsive Wave-3 Main trade setup
EUR/GBP creating momentum to breakout with strong volume to the upside.
EURO - Bullish 1️⃣ ECB President Lagarde told the European Parliament that the prospect of better global demand and a faster-than-forecast increase in consumer spending could support economic recovery in the European zone. 2️⃣ The present PMI outlook was better than expected in Germany, France, and the European zone. GBP - Bearish 1️⃣ The Bank of England kept its...
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly'...
EURGBP has created a falling wedge model at the moment. gbp is fundamentally weak at the moment compared to eur. Break the high resistance trendline of the falling wedge and wait for a retest. Only receive a transaction if a postive retest occurs. The MACD buy signal and ROC have been subtly identified as being able to postive the price movement to confirm the...
EURGBP is approaching Buy Entry, in line with 50% Fibonacci retracement, 50% Fibonacci extension, and moving average support. We could see a bounce and further upside towards Take Profit, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average support, showing bullish pressure. Any opinions, news,...
It's very clear that EURGBP is going to break out, just a matter of when and what level :D I'm setting my buy level at the lowest edge of the descending channel aiming to climb up all the way to 0.862 to even 0.867 (will open target once reaching 0.86. With current weakness in the pound, Euro may also simply breakout in no time. If you are focused in one trade,...
EURGBP is still bearish following the daily trend, I will be expecting the price at 0.86100 or 0.86400 before dropping down. Which is my Zone of Interest.
EURGBP Long Setup Continuation trade: 👉🏻Apparently marked the H1 OB wrongly and now whole structure is showing that price is squeezing into a falling wedge. Elliot Wave Theory also shows a WXY corrective pattern with a 3-3-3 sub waves accordingly. Impulse soon?
EURGBP is facing bullish pressure as it is now holding above the moving average support, and Stochastics is also approaching the support level where the price has bounced from in the past as well. We could see a bounce at Buy Entry, in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension, and further upside towards Take Profit level, in line with...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8556). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8556). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
GBP news is causing some moves and our edge script is picking the opportunities up. EURGBP H1 strategy is the pair for this idea. Entry details are shown on the chart. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades...
EXPECTING ONE LAST LEG DOWN BEFORE I CAN COMMIT FUNDS TO THIS IDEA BUT FULLY WAITING ON LONGER TERM BUYS
HELLO TRADERS, HERE'S OUR VIEW ON EURGBP GOOD RISK TO REWARD BUT CAN BE SHORT LIVED AS ALWAYS, ONLY RISK WHAT YOU'RE WILLING TO LOSE! THE TRADING REGIME OANDA:EURGBP