Hey Traders, Some Comments will be good guys. Regards Rowlands Duki
On Friday afternoon eurgbp failed to break the resistance.
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Noticed a resistance forming during Asian session waited for a bounce off Vwap to enter trade
This pair is looking bearish. Break of major trend, Impulsive move to the downside, now a correction soon confirmation
If the daily candle closes below the Support Area, we could enter at a retest of the structure.
EURGBP seems to be breaking out of key support levels, after putting on a regression channel you can see its broken out of a strong supportive trend line. Fundamentally, with Brexit being much in the air right now, we can expect a lot of volatility within this pair. However with the strength on other pairs and the bearish movement I will be looking at shorting...
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This pair has broken a major trend and judging by those 2 large red candles it will push through the next major support. As always I'd like to see a correction to jump in at a good price point. 😎 I hope you like the analysis, if you do please drop a like or leave a comment, I love all the feed back 💯 💙
currently, we are seeing price respected the trendline support on M30 timeframe, personally, I will wait for the price to break out the trendline support before placing any sell order and our potential downside target at 0.8956 support level **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole...
EURGBP FOLLOWING THE COUNTER TRENDLINE AND FAILING TO BREAK BAOVE THE ZONE.
The upside movement of the pair is capped by a bearish trendline. It attempted a breakout but fizzled out and the price action has formed an H&S pattern instead. Hence, we expect the pair to be bearish in the near-term.
eurgbp has form an ascending channel formation with third touch on the trend line. I am waiting for a good time for buy. My watchlist for the week you can see here FX:EURGBP
Putting order to SELL at 0.90200 with SL at 0.90350 and TP at 0.89500