#EURGBP has reached a strong resistance, it is likely that the price will go down.. After retracement to support line, long setup can be evaluated.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
Since early April EUR/GBP has been stuck in a 200 pip channel. Currently price is pushing the upper line of the channel and this week we saw WR1 pivot taken out and price reaching WR2. RSI readings on all time frames are over 60 other than D1 (58) and M15 is reading 70. The Daily R1 pivot is at .8873 which is 10 pips from where we are now. GBP is generally...
Hello Traders
I'm here with a new forex idea and analysis, Kindly share your LOVE by giving me LIKES and COMMENTS.
Share with more traders like you.
Follow me for more.
Thanks in advance.
EURGBP IS CURRENTLY ON RESISTANCE LINE
Please support this idea with a LIKE if you find it useful.
Thank you for reading this idea! I hope it's been useful to you and some of...
The pair EURGBP has been in a bearish trend since the 1st of April 2020. By looking at the monthly chart we can immediately notice that there is a strong resistance level that the market rejected in March and April 2020. In March 2020, the market rejected this area and created a 600 PIP wick. When the market rejected this price level in April 2020, we saw 193 PIP...
Hi subscribers!
The price of the Euro quickly recovered after the fall,
but the growth cannot be eternal. The price approaches the resistance level,
and then the price stops growing and falls down to the target.
Good luck to you.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
Since the end of March, EURGBP has been locked in a 180 pip range flag. We've just seen the top of this flag rejected and with WR1 pivot in this area it seems unlikely that we'll see price move higher any time soon.
I'm in SHORt at the top of the flag at .8800 with a 20 pip STOP. We should see a move down to the bottom of the flag now at .8700 area. If this level...
Hello dear subscribers!
The price of Euro continues to fall to the level of support.
Do not make a deal, because the profit will not be great.
If the price breaks the support level, then this is a sell signal,
because the currency can fall to the bottom.
Watch for price developments.
Good luck to you.
If you liked this idea, please like and subscribe to my...
Hey traders please LIKE & FOLLOW, thank you! Potential inverted head & shoulders. I believe we could be seeing some big movement to the upside soon. Already creeping up now. Keeping a sharp eye on EURGBP for potential longs soon.
EURGBP
Has pushed lower, I wanted to see us push up and make a double top giving a clean opportunity for a short entry but it rolled over and didn’t look back. Still not much movement. Waiting to see how we react around these current levels, its looking like we could be seeing an inverted head & shoulders. We need to let price develop a bit more giving us clean...
X FORCE GLOBAL ANALYSIS:
In this analysis, we explore the bullish probabilities of EUR/GBP based on the bullish evidence suggested by technicals and fundamentals.
Technicals
- We have seen a breakout from the bullish falling wedge pattern
- After Elliott Triangle Wave (ABCDE) counts to Wave E, we formed a double bottom
- The Relative Strength Index (RSI)...
