As mentioned in the friday's video watchlist price restested perfectly the descedign weekly TL that lines up with previous structure retest,daily support leavign a big weekly shadow behind failing to break above the 0.8600 area so right now im shorting this pair after a 3rd wave atleast to the 0.8400 area
Structure Looking for one more Upside Move Buy on the Retest Confirmation. Good Luck
EURGBP approaching support at 0.84820 where it could potentially rise further to 0.85712. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
This set up is based on the current order flow. Risk reward is good with 2 take profit targets. Follow me for updates and regular high probability set ups!
Structure Looking Descending Reversal Pattern, so we can see Next Impulse as well as Prev impulse.
From the middle of August, EurGbp is in a clear downtrend. The pair reached a low at 0.83 and corrected upwards. The correction reached 0.86, a previous consolidation zone. As long as 0.86 zone holds we consider the downtrend still intact and a retest of 0.84 support is probable.
EURGBP As mentioned keep in mind that we have pound news today. This pair is definitely looking good. As I said in the last video I would like to see EG push up a bit and give us a nice clean rejection off resistance then we could look to take a trade.
Reason 1.) Price reversal at 0.83 tells me that some big volume is buying at this price. 2/) SMA20 starts showing some strength in an up trend. Note; Long term is still in a downtrend, thus trading should be cautiously monitor or SL. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole...
we can see a pattern formed, heading back down to support
EURGBP a strong weekly short setup after uptrend break and a retest happening, also some keylevels to be tested. A target up to 500 + pips. Also fibonacci retracement pullback might happend after keylevel retest, means another strong confirmation.
EURGBP Analysis wait for breakout or rejection *Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
EURGBP bounced off 0.85167 where it could potentially rise further to 0.86445. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
in a high Time frame Daily or Weekly , When a Price make a pullback from a Major Level, you should wait a re test for a second times on law time frame if you see that trend on chart is up and on indicator is down that's mean a divergence you should place your First TP on the first Support on law time frame.and finaly you need to place your Stop Loss above 20...
In the name of Allah, the Most Gracious, the Most Merciful. EURGBP IN MONTHLY TIME FRAM MARKET HAS hit 2009 HIGH LEVEL MORE CHANCES TO FOLLOW DOWNTREND NOW. IN WEEKLY TIME ZONE MARKET IS FOLLOWING CHANNEL PATTERN WHICH HAS BREAK DOWNSIDE, SO IN MONTHLY AND WEEKLY TIME ZONE MARKET IS BEARISH. IN DAILY TIME ZONE IT LOOKS LIKE MARKET WILL DO PULLBACK TO CHANNEL...
Price almost touch bottom area and now patterns making reversal for upsides
EURGBP Looking at Eurgbp now, I say this a lot but with gbp pairs you have to be very cautious as they are heavily influenced by fundamentals. EG rejected and pushed off 0.84 nicely, looking like we are slowing down. EG looks like it could be stuck in consolidation. Waiting to see how we react at current levels of resistance. I feel we could roll over to retest...