LOOKING FORWARD TO SEE A WEAKENING EURO DUE TO A STRONG POUND (GBP) 100PIPS JOIN THE EXECUTIVE FX TEAM ON TELEGRAM ( @executivefxsignals) FOR LATEST SIGNAL UPDATES AND CHART ANALYSIS CONTACT ADMIN ON TELEGRAM (@fxofficial)
Whats up everyone? Lets start this new trading week with a new idea! We are looking at the EURGBP pair on the 4h timeframe and im expecting price to drop from now. When you guys look on the overall timeframes like the daily etc. you will see how bears take control. I really like to enter right now on the retrace, with really high reward to low risk - as always....
FX:EURGBP Don't fall for the buy signal unless there is Brexit drama
expecting more downside. enter at top or follow after breakdown
EUR/GBP - CURRENT FAVOURITE ANALYSIS!
More bearish movement, Another sell position.
AS YOU CAN SEE, THE LAST TWO CANDLES CLOSED UNDER THE SUPPORT LINE WHICH MAKE IT SEEMS LIKE A SUPPORT BREAKOUT, WAIT IF THE THIRD CANDLE CLOSED UNDER THE SUPPORT LINE THEN YOU CAN TAKE IT AS A CONFIRMATION AND SELL TO THE NEXT SUPPORT
Possible correction at this price. We used Elliot Waves to determine the turn point. On the other hand this price of GBP is at 2 year lows which could also indicate down turn aswell as seasonal effect in September. We think that the correction should hit price 92.200 and at that price we will see if it breaks out.
open another sell position, now. Bearish move continues.
SUPPORT BROKEN = SELL FROM THE RETEST TO THE NEXT SUPPORT
Price has retested the trend line and ready for take off, Sell now
EURGBP reached its August 2017 highs, Momentum on this market is weakening all across the bigger picture therefore i am seeing a trade to be setting up here, wait for the market to break the trend line to execute the orders. Trade safe & Good luck everyone!
dont miss this trade like, comment and follow