Libra pattern formation looking to form. A short trade with with good R:R (1:3+). Once price approach the entry zone, I am looking for a rejection of this zone or bearish candle formations such as: a pin bar, dark cloud cover, bearish engulfing, etc.. to enter this trade. One can go down to a lower timeframe such as H4 to get their entry setup is good too. May...
Let's see what will happen in the next coming days/weeks. What do you think? ANYTHING CAN HAPPEN!
EURGBP has retraced up to the 38.2 fib level from the most recent swing low which has given me an aggressive short entry point back down to the previous lows at the 0.84900 level. We are overbought on all timeframes from the 4hr down which has given me confidence to bag at least 20 pips or so profit from this trade. My mid-term bias however is bullish up to the...
Traders, We have had a great amount of success over the past few, with focus on usd/jpy and the BOJ as see in the related ideas, long may this streak continue! SUMMARY: The EURGBP pair bounced slightly during the course of the day Tuesday, using the 0.8639 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is...
SUMMARY: The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8416 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are...
SUMMARY: The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8319 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are...
shorting once again after a successful short on this pair earlier. - Broken trendline in 4hr time frame - Already partially retraced, ready to be sold. -RSI heading down - MACD cross over - Great R:R
EURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail. On chart: As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout...
MACD is showing bearish divergence and RSI is around the oversold. We have 1.272 extension, previous resistance area and a trendline, all pointing towards the downside
Fundamentally the euro is one of the weakest currencies out there and the recent rally is another excuse to go short. The GBP has got some potential as the next rate decision is likely to be an increase according to the BoE. tECHNICALLY WE CAN SEE THE PINBAR REJECTION OF THE 7800 LEVEL WHICH WAS OUR BUYING TARGET FROM A FEW WEEKS BACK AND A POTENTIAL REVERSAL...
* EURGBP R1 at monthly pivot point looking to hold and reverse. * Defined sell zone * Stochastic overbought and cross