A short-term trade: short-term bullish potential with long-term bearish potential from technical analysis
FX:EURGBP This is a swing setup and longs should be build up slowly and gradually, there can be a breakout attempt soon
In the name of Allah, the Most Gracious, the Most Merciful. EURGBP IS READY FOR BULL MOVE. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. WE NEED TO WAIT FOR SOME BULLISH CONFIRMATION CANDLE. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example, you have 4000 Dollars Capital. We...
A significant downward trend, but the support line can still be ignored at 0.85, with low chances of such support not responding to increases. The RSI supports our buying strategy. Target: 0.8670
EURGBP BUY LIMIT Entry 1 .85350 Entry 2 .85180 Entry 3 .84940 Sl .84749 TP.1 .85680 Tp.2 .86600 Tp.3 .87200 Tp.4 .88000
After being sold off from highs around 0.93200 on August 13, where is the bottom you might be asking yourself? Our weekly outlook for EURGBP is bullish, holding above strong support @ 0.85000 with a rally over 0.87000 Trade with XM Become a Forex Affiliate
EURGBP reversed off its resistance at 0.85759 where it could potentially drop further to 0.85410. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL...
A Stochastic indicator on line 7 signals the end of the declines. The RSI is also very low on line 40, almost at the level it had in April when the eurgbp rose from 0.85-0.94. The support line at 0.8520, 100 pips lower than the current price. Buy in the support line area with a target of 0.8720 or buy now with the same target price (slightly higher risk)
Eurgbp - weekly - Price dips into a weekly demand level after falling off the cliff weeks ago.. its only right we get a decent pullback if not a reversal.. lets see how this goes!
looks like a good swing... I'm not rly a swing trader, so I'm not quite sure what would be the confirmation of this trade and how to trade it ...but it looks like a buy
EURGBP reversed off its resistance at 0.86826 where it could potentially drop further to 0.84819. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
This is my long-term analysis of EURGBP. It has completed 4 Elliot Wave impulse waves and is preparing to begin the 5th wave down to complete the sequence. The Fibonacci retracement from WAVE 1 rejected the 61.8% level, showing the trend is strong. Therefore my target for the end of WAVE 5 and completion of this trend/sequence is at the 161.8% level (0.8454). If...
According to the Fibonacci retracement tool, there will be a retracement up to between 0.8608 and 0.8623. My Short trade idea is to catch the next leg down of this downtrend. TRADE INPUTS: ENTRY: 0.8608 STOP LOSS: 0.8630 TAKE PROFIT: 0.8560 RISK: 22 PIPS REWARD: 48 PIPS RISK:REWARD RATIO: 1:2.18 I have longer term analysis for this downtrend which I...
EURGBP Forex cross pair has reached a strong monthly demand imbalance where going long is allowed again. As swing traders and longer term traders we should not be thinking of going shorts on EURGBP Forex cross pair. Price action analysis is telling us there is a very strong monthly bullish impulse that ended up becoming a monthly demand imbalance around 0.8607....
EURGBP expected to rise up to 1st resistance at 0.86918 where it could potentially react off and drop down to 1st support at 0.85830. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Massive movement to the downside with EURGBP after a big move like this I like to let the dust settle for a bit before jumping into a trade. is 0.86 holding as support? It seems like it for the time being. Remember patience is key with forex, there is always another opportunity to take a trade no reason to rush into anything when there is no clear direction. For...