Anticipating a breakout upwards after price closed above trend line confirming continuing uptrend
From 8 October we entered into Rang prices with support at 0.8650 and resistance at 0.9075, The break came last week with the candle falling to 0.8525 since the price has returned to a little higher but support has broken it- is a sign for us to enter into a sell position! There are sometimes false alarms so please do not gamble with everything. Sell...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
EURGBP shows a sequence of lower low from August 29, 2017 high, suggesting further downside is likely. The bounce to 0.9105 on January 3, 2019 high ended wave (2). From there, pair declines as a double three Elliott Wave structure where wave W ended at 0.8615 and wave X ended at 0.884. Pair broke below wave W at 0.8615 and confirmed that the next leg lower in wave...
EUR/GBP approaching a very well respected level of support on the Daily time frame. Looks to me like the bottom is in, LONG on this trade. Thanks for checking out my idea, let me know what you think?
We added the Fibonacci Retracement to the graph after a relatively large drop or rise it helps to analyze, So last week the euro rallied against the pound and started to rise even crossed the 23.6 Fibonacci line and then stopped right in the 38.2 area and fell back to 23.6, We believe that the price will stabilize and gradually return to the 38.2 Fibonacci and...
Higher timeframe its a correction after the impulse. but on the H1 we can get a channel from this correction. A break of this channel we can get a downwards movement to previous support. Enter after a bearish close breaking the channel or an retest of breakout.
We will keep this 1 short and sweet.... We are short to our trendline then long for that..... is that simple enough for you? Got that... or do you need us to wipe your arse as well? ;p
Here is a trade if you want my analysis explain message me
I CAN SEE THIS MAKING MORE MOVE UP TO AROUND 0.87983 OR FURTHER UP TO AROUND THE 0.88543 (50% FIB RETRACEMENT)
Price Breakout, retest of support we can long up to next resistance if we get a double buttom or a bullish engulfing also will confirm the upward move.
EURGBP has hit its previous April 2018 low. i am expecting a horizontal pullback where it could potentially reverse to its support at around 0.87657 EMA 200 & EMA 21 are both in the sell zone so WATCH OUT. Watch out for the break in the RED trend line as this could leads us back to its support of 0.87657 See previous analysis PLEASE SUPPORT THE MOVEMENT...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Hi traders, now we can see the beginning of a potential double bottom chart pattern at the 4h chart on EURGBP at a support zone. This will give us a good reason to go long and trade the double bottom reversal. A trend reversal is also posible so I will open 3 positions with 3 different top ups. I wish yo a good trading week. Stefan Forex
JUMP IN ON THE SELL ON THIS See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Respected followers, as we can see that EURGBP made bullish enguld candle on friday with oversold in stochastic. Here we can gain big pips by buying this pair.