Still holding short in EURGBP cross, we have just got into a selling area and the market needs to retrace. So I am targetting 50% fib level with 2.34 risk/reward ratio. Have a good end to the weekend.
FX:EURGBP ABC correction with an eventual ab=cd pattern inside; Cluster zone, a confluence zone between previous waves extensions; Short the structure breakout, look for long opportunities when and IF inside the cluster area, or close... There's a major Cypher, check link below; GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point...
gbp to strong.sell eurgbp at 0.7747 to 0.7430
High test candle on the weekly, strong momentum down on the 4 hour. Weekly fib 50 retrace is below the .75 key level. macd and rsi showing downward momentum. 4 hour making lower lows and lower highs. Getting in early - will have to wait and see how this one plays out.
EUR/GBP is pointing heavily towards the downside. MACD is making slighty lower lows, despite the price rocketing. RSI is confirming room to decline (A), bounce (B) and further decline (C). We have a decent trendchannel, with 2 fake breakouts, meaning the 2-try rule is in place (bullish failure), which should result in further decline. Our trendchannel finished...
Price has slipped under trendline support and is heading back to look for support at the 200 sma. I'm SHORT from .7765 with a hard STOP above the trendline at .7785 for a 20 pip risk. Looking for TP at the 200 if it holds or hopefully much lower at WS1 pivot at support .7571 sometime next week.
EURGBP has reached it's medium-term objective and will probably reverse to te downside
EURGBP is in a consolidation state right now, a breakout is needed for a clear trade opportunity both long and short.
in this consolidation, the buyers are less eager to buy, they want to buy at lower price, the pair is going lower
On the EUR.GBP 60min chart we have a potential short opportunity at the D leg completion of a Bat Pattern The price reversal zone on this pair is between 0.7729 & 0.7753 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the...
EURGBP just hit 0.618 target, so looking for to sell the next 0.50 retracement to hit the buy back trand line to hit the next long term trend line.
Hello Traders! EURGBP - the downward trend will continue, as soon as EURUSD currency pair falls. The Daily delta&clusters negative (bearish). We expect the rapid fall at the end of this month. Best regards, Powerful Traders.
EURGBP is nearing the PRZ of a bearish cypher. The PRZ may be confluent with 2 trendlines, one wick to body and one wick to wick and may also be backed by additional resistance from structure highs and 1.13XA. Entry is placed at .786XA with SL above structure high and targets at .382 and .618 retracements of the CD leg. Confluence in the PRZ: Bearish...