After the powerful Double Top, we analyzed and which led to the strong declines, its good time to analyze again. The decline in a daily graph (Weekly and monthly still uptrend). You can see that the price stopped exactly on the moving average line which serves as strong support. The Stochastic with the lines at the cross, at the lowest possible level with an...
EURGBP SELL RALLY D1 FRAME LONG Tp1 Tp2 Tp3 ZONE TO ZONE TRADE Last 2 green lines tp 2 tp 3 (if can breakout)
Eurgbp Sell Now with trendline break+insidebar proper sl tp entry point in chart instant order
So far we have been long on this coin, it's time to change direction. We are a few dozen pips from a powerful double top pattern in the daily graph that will surely lead some declines. The Stochastic is also in Overbought with cross lines. The pound against the dollar is on serious support which could accelerate increase very soon. Target: 0.9050
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.
The eurgbp above the important moving average lines (200,100,50). The above upward trend has been going on for about 3 years and there are no technical signs of a change in the trend. The eurgbp crossed its resistance this week at 0.9038 and is on the way to test its next resistance at 0.9284 Target: 0.9284.
EURGBP having clear signs of potential bears although price is still following this rising channel, so he best thing we can do is simply wait out this pattern until a clear breakout is spotted, otherwise if we try to trade for price to leave this channel without it actually doing so, then price will continue to follow this channel and keep stopping out a lot of traders.
Sell signal: The stochastic indicator at the highest level (warning of an optional trend change). The eurgbp is close to the resistance at 0.9040 (sell close to re Target: 0.8780
We have 3 big resistance lines incoming, -0.9 psychological level. -important trendline on daily -and as last the upper channel trendline All 3 I showed by the arrows, the worst scenario I sketched. We also took out some shorts from breakout of previous high of the upper channel(see orange arrow) Let's see, bulls are slightly stopping to buy above the 0.78 fibo level also.
EURGBP | Sell Orders | 500 pips Trade | June 2019 Market: FX Crosses | EURGBP *Check the related ideas on this pair! EURGBP has been labeled at the termination point of a larger degree corrective structure. The next swing as the best interpretation would present itself as an abrupt and sustained bearish impulse. Regardless if the Ending Diagonal would allow...
A double top pattern that will cause declines Stochastic range 80, high range indicating a possible market correction. A market price correction signal at the market price, rather than a trend signal Target 0.8920
Reposted! as this idea was hidden by one of the tradingview moderators due to violation of tradingview guidelines (using all 'Capitals' in description) by us which we deeply regret Analysis team sold EURGBP at 0.89050 with the long term target 0.87200
Bears are putting their last line of defence at the resistance level at 0.8845. If the resistance level holds, a decline will occur in the short-term. Meanwhile, the EUR/GBP currency pair is trading in a narrow ascending channel and expects a breakout. Good luck guys!
EUR/GBP failing to move up higher. We can expect a drop down on top of the 1H 200 EMA. Not the best trade, but the odds are there. Keep an eye on it and enter when you have enough confirmation that it's going to go for the short. Risk a very minimal amount on this trade as it's neither highly probable and only a 1:1 Risk:Reward ratio. The move is not yet...