FREE ANALYSIS ON EURGBP Welcome to @SiriusTrading, Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE :) - 1 HOUR This is more bearish. We could see some minor bearish move. Personally i am waiting for the bigger move down. 4 HOUR Possible Ending diagonal forming. MACD and Stoch RSI both showing bearish...
EURGBP reversed off its resistance at 0.89817 where it could potentially drop further to 0.88602. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP is expected to drop to 1st support at 0.88747 where it could potentially react off and up to 1st resistance at 0.89861. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Pair has been struggling to maintain the uptrend. EURGBP will present a selling opportunity if the channel is broken.
EURGBP is approaching its resistance at 0.89817 where it is could reverse down to its support at 0.88602. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP-DAILY-BEARISH DIVERGENCE
We have 3 big resistance lines incoming, -0.9 psychological level. -important trendline on daily -and as last the upper channel trendline All 3 I showed by the arrows, the worst scenario I sketched. We also took out some shorts from breakout of previous high of the upper channel(see orange arrow) Let's see, bulls are slightly stopping to buy above the 0.78 fibo level also.
OANDA:EURGBP Details on the chart. Pipdified.
EURGBP reversed off its resistance at 0.89817 where it could potentially drop further to 0.88602. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP reversed off its resistance at 0.89817 where it could potentially drop further to 0.88602. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Targets: 0.89100 0.88750 0.87500
A double top pattern that will cause declines Stochastic range 80, high range indicating a possible market correction. A market price correction signal at the market price, rather than a trend signal Target 0.8920
Long Term trade: Negative divergence spotted on EUR/GBP - Waiting for short opportunity
EURGBP bounced off its support at 0.88812 where it could potentially rise further to its 0.89817. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP bounced off its support at 0.88812 where it could potentially rise further to its 0.89817. Disclaimer: Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
After breakout from marked by me formation I open short positions.