Sales range: 0.91050
Targets: 0.90950- 0.90850- 0.90750
Stop loss The first goal: the profit to loss ratio is 1: 1 (0.91150)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 0.91050(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
Rightnow, EUR/GBP at 4/1 value of Gann fan. There are more chances of collapsing compare to the bullish side. Day traders can sell for the following target price: 0.9080 - 0.9060 - 0.9040 and below.
According to this chart, if FX:EURGBP crossover the hurdle level, the buy position can be initiate here. The bullish targets are described...
EURGBP - On daily candles it is losing strength it is expected to go down.
My approach will be a selling here at current price 0.91000
Maintain stop loss around 0.91600
Potential downside target 0.90100 - 0.89400
Follow the levels as mentioned
Traders, if you liked this idea hit the like button & write in the comment section.
Why you should follow this...
Welcome to our weekly trade setup ( EURGBP )!
Very strong bullish pa towards our resistance level.
Probably the last push to the upside before heading down again.
Overall bullish market turned bearish, good short entries now!
ENTRY LEVEL @ 0.91520
SL @ 0.92730
TP @ 0.89660
Max Risk. 0.5% - 1%!
(Remember to add...
EUR/GBP is about to break the channel it has been ranging in for 2 months. Our bias is that it will break it to the south side and will continue dropping till the 0.88600 area.
Like and comment to support the idea, family!
EUR - BEARISH
1️⃣ Dragged down by coronavirus worries and Brexit concerns. Investors fear that a worsening coronavirus situation across Europe could hamper the region's economic recovery.
2️⃣ German Economic Sentiment eased to 56.1 in October.
GBP - BULLISH
1️⃣ Cable recorded fresh 5-week highs at the beginning of the week on the back of renewed optimism...
In this analysis, we see that Sterling Pound is break down the descendt triangle, becuase as I mentioned on the passed weeks that we could to see a bearish movement on this par, because the thing in Europe could be relate as United Kingdom is advanced in their progress.
So, in H1 timeframe I hope an entry in short position at 0.9054 Pound. My objective is to...
we are in a strong consolidation area in the D time frame, in h1 we have a down trend with a consolidation area. we sell with a 25 pip SL, in case COVID cases rise and if things start to get worse we will probably see the break of the consolidation to the up side due to the risk asociated with the GBP and we will likely return to the .9250
Hello Friends! I hope "EURGBP" will go Short 'Sell' and touch S1 then some correction. After her correction, it will touch S2 and S3.
Are you have any questions, suggestions, or feedback? Then write on comment or privet chat. If you need any help, info, or analysis. Then knock me without any hesitation.