Price has been rejected again at resistance and we are now looking for sells, I wont feel comfortable placing a trade until price breaks support.. Once done its a freefall
Once this level is broken we are looking for a sell to the green area
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
** JUST AN IDEA. NOT A SIGNAL ** It seems like there is a multi time frame forming where if the trades breaks out of 0.90150 then the trade will look to go long. However from the weekly patterns and the current 4h graph we can assume that the bears will push down the trade significantly. Three spots of take profit are set with a somewhat tight SL at the...
EURGBP will reach the level of 0.90000. Before this, correction to 0.89400 is possible.
Hi Guys, I have updated Entry and Take profit levels on this trade.
The counter has kicked off a short-term bear cycle and it is now at its wave 4. Further, the wave 4 correction could be interpreted as an expanding triangle pattern. It hit the top of the triangle and is now cooling off which we believe is a new bear cycle in the near-term. And a head and shoulder pattern has formed as well and hence we expect the pair to be...
Nice and easy setup this. After a decent downtrend we have seen some pullback followed by a nice bearish cande which suggest we should see more downside movement. I have gone short on this and marked the tp and sl for you as well. Let me know your toughts as well. Trade safe and good luck.
Price is currently showing minor bullish momentum in the form of a retracement. We may see price re-test our entry point before advancing lower to our target levels. Entry, Stop loss and take profit levels have been marked. Should price move in our favour, you should be looking to scale out the majority of your position at TP1 , move the stop loss of your...
Please refer to my previous post regarding EURGBP. Link below. Alright so what we can see now is a very nice h&s pattern forming with price action heading for the BEARISH side. Initially, we are open to EURGBP reaching the resistance level @0.9082 price level. However, this bearish movement now give us a good look for a BEARISH movement with a lower rejection...
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EURGBP have been recently testing the support level @0.8905 and rejected off that area nicely. So what I am seeing now for EURGBP is a short term buy opportunity forming a potential H&S pattern for a BEARISH movement. Having said that, this is just a possible movement I see for EURGBP and a continuous BULLISH trend is definitely possible, testing the resistance...
Tuesday, 2nd June 2020 #EURGBP BUY ENTRY = NOW 0.89000 SL = 0.88500 (-50 PIPS) TP = 0.91100 (+210 PIPS) Disclaimer On PLEASE USE YOUR OWN MONEY MANAGEMENT RULES Your Money is Your Own Responsibility