Our last eurgbp breakout didn't fail us. Now we are looking for another leg down
GARTLY FORM ON EURGBP D1 CHART... TP..0.8546.... SL... 0.8912
The eurgbp is on its way to its fifth attempt to break through the resistance so it's an excellent time to get in short. The target is clear around the support area 0.8512
EURGBP is approaching horizontal resistance at 0.8675-0.8700. Besides, the 100D EMA at 0.8678 can also prove to be a strong hurdle. So, traders can look for SELL at 0.8670-0.8710 with SL above 0.8740. TPs can be set at 0.8500.
Trade Background: Bearish Reversal Price has returned back to major resistance level of the bearish channel. Where the sharp recovery in price resembles a V shape formation. Now that the week is almost over, we're going to see a massive amount of economic data coming out of UK in less than 3 hours! These data include Q1 GDP, Manufacturing data, Total business...
Hi there. Here's what I see. Let's see if it does goes down. Heh Heh... KHALID HAMID, Traders Awards Malaysia Best Trading Guru 2018
EURGBP came to resistance zone and losing buyers
The resistance line is placed at the aforementioned price because this is previous support that lasted from 18 April until 26 February until it broke and turned into a new resistance.Our recommendation is to sell because we are close to the resistance line, keep in mind that the eurgbp can also continue upward until the circle added to the picture above Sell...
The line of resistance in the weekly chart above is a line that once supported and turned into resistance, as long as the price of the eurgbp does not break this resistance and we are relatively close to the resistance price, our signal will be a sell signal Sell EURGBP: Entry Price:0.8568 Take Profit:0.84 Stop Loss: 0.8645
EURGBP has been in tight range of 0.86500 and 0.84700 since 15 days. Price has created good support at this level which is important trendline support.Price is also near to 200EMA support which increase the probability of bullishness. I will wait for retracement after breakout of 0.86500....Will eneter the position at 0.86700 levels with the stoploss of 0.85400...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
EURGBP Forex cross pair sell opportunity is playing out in a clear weekly and daily downtrend creating new supply zones on the way down. Weekly supply zone around 0.897 is in control, price dropping very fast once that imbalance was reached a few weeks ago.We can't and should not go long when a bigger timeframe supply level has gained control. As mentioned in...
From 8 October we entered into Rang prices with support at 0.8650 and resistance at 0.9075, The break came last week with the candle falling to 0.8525 since the price has returned to a little higher but support has broken it- is a sign for us to enter into a sell position! There are sometimes false alarms so please do not gamble with everything. Sell...
Hi Traders, The 1-hour chart of EURGBP shows a broke out of a support level with a textbook five-wave impulse. . Currently, the price seems to be making a three-wave zigzag corrective pattern which is most likely to terminate around 38.2 and 50.0 Fib ratio that lined up with the broken support turn resistance and moving averages. . Given that the correction is...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!