EUR/GBP Short Swing Trading EUR/GBP Short Swing Trading EUR/GBP Short Swing Trading
The counter is currently in a short-term bear cycle. It has completed wave 4 in the form of a bearish flag pattern and has commenced wave 5 with a strong engulfing candle. Hence, we expect the pair to be bearish in the near-term.
we are selling this pair on rejection at strong resistance with low risk and higher rewards we appreciate your likes and comments follow us for more updates
take this on your own responsibility , stick to risk management
💡Hello traders, Hope you all have a fantastic day ! I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis. EUR/GBP has been rejected from strong support line and now will continue ascending channel and head up. Let us know what you think about this idea. Trade safe !
Simple and easy to understand that how and when can take entry. ThankYoU
💡Hello traders, Hope you all have a fantastic day ! I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis. EUR/GBP has been in ascending channel and we believe bullish price movement will continue as EUR are gaining strength across other currencies. Let us know what you think about this idea. Trade safe !
I am waiting for price to close below the support line before I short to the greyed area where price has been rejected before Once price has then continued to move I will place another short to the next support line We will need to wait for the pullback upon breakout before placing the trade
After dismal data from Britain, EUR/GBP was off to the flyers yesterday. It could be interpreted as a wave pattern and is now forming wave 4. Further, it is close to a congestion zone which could act as strong support. Hence, we expect the pair to be bullish in the near-term.
** The GBP has been strong for some days. Looking at technicals, we see that price has rejected a Daily Supply zone and starting to bounce off it. ** Remember that supply and Demand will always win so i expect price to rally down to our next Daily Demand zone withh TP around 0.87260 before deciding on what to do next. ** Please Like and Leave a comment if you...
Price has indicated that it will come back up and retest resistance before taking a drop - If youre in a sell you may want to watch and hedge your trade
We can see from the chart that this pair has fallen from this zone a few times in the past, i am currently selling but waiting for price to break this key level before adding another sell I believe it will come up and test resistance again before dropping
Stop Loss: 0.9035 Entry Point: 0.8983 Target Profit : 0.8885 Do not hesitate any question for clarification. Good Luck!
Wait for price to breakout then we are jumping in for the sell to the target area
The counter is currently in an ascending channel pattern. It fell off recently from the high to lower parallel, where it found support. Now, it is marching up with momentum indicators like MACD and stochastic on the verge rendering a bullish crossover. Hence, we expect the pair to be bullish in the near-term.
EURGBP bounced off 0.90271 where it could potentially rise further to 0.90574. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
We are looking at a great buying opportunity at EUR/GBP to complete the right shoulder of simple market pattern. I think it's very accurate giving the fact, that the price currently approached a strong demand area, from where the price should make pullback.