FX:EURGBP Don't fall for the buy signal unless there is Brexit drama
It's a short. EU rallied and failed badly at huge resistance. it's highlighted by the blue line at the top. it didn't even touch and failed just below it. I've managed to enter at 0.91652, but one can still enter short positions at 0.9130-0.9135 range. downside will be huge.
I developed what I believe is a foreseeable resistance and Support Zone on the 4 hr chart. Using proper money management should allow you to with stand any more bullish spikes. I would keep stacking positions if this pair rises in the next 48 hours. Remember to only risk 2% of your account per trade to make sure you're not completely taken out the game.
I really like this setup. The price tends to respect quite the trend line. We are now reaching a good level of resistance and 61.8 weekly fibonnaci, however, that impulsive candle is leaving me with doubts. There is not much confirmation to go short in this trade. For now we will wait until we have a confirmation of trend reversal (rejection of that level for an...
Disclaimer - I could be Wrong/Trade at your own risk...
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
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...
I see bearish rising wedge formation also rsi and macd histogram shows bearish divergences on 4h chart for EUR/GBP. If inclined support is broken, we will have a chance to scalp EUR/GBP. Profit Targets: 0.88775 0.88610 0.88400 Stop loss: 0.89500 Have a nice day, Berk
EURGBP reached previous high and did not break it creating a nice pin bar on weekly timeframe which indicates that the price could drop even further. Great entry was at the previous high level but in case you missed it then there is another opportunities to get short. A) if the price reached the daily resistance or B) if the price move back to the highs. Both...
Rebound off of resistance signals possible continuation of recent downward trend.
expecting a bullish turn here, we might extend all the way to 127.8 before turning. any 4hr candle that breaks below 128 and closes there, invalidates this idea.
Expecting a trend reversal either somewhere around here or after we break the minor resistance at around 0.895.
EUGPB situated into ascending channel which will breakdown,i m sure about this becouse we have a classic bearish setup: MACD touched neutral zone(0) and now going down,buy volume also going down which is another sign of bearish RSI overbought and bearish cross CONFIRMED RSI dropping,below 50 will be bearish Targets for this short: 0.885 , 0.883, 0.881 and 0.880 ENJOY
Bat formation potential high. We have to wait for entry to point D. Let's not open the transaction before the formation is complete. The goals are indicated on the chart.