Hey guys a new idea about EURGBP a long setup all detail in chart
From here I favor a move back toward the September low at 0.8744. A break below that would target the 0.8600 handle and perhaps even the current 2017 lows near 0.8370. Keep in mind that all of this is unfolding following the break of channel support on September 12. That was a significant breakdown in the sense that it ended the uptrend which began in May. The...
Keep an eye on the EURGBP daily chart as there was an important rejection from the 50% fib level that suggests more downside if the market can hold below that level. This presents the possibility of breaking below the previous low at 0.8738 and then moving much lower from there.
i made my view on short tieme chart setup idea for next week we can see eurgbo keep is support . and after make a breakout of 1h chanel then after make a small range and breakout again but that i seen is the wedge on RSI and i think we have to wait a breakout of the rsi wedge for see a real next move Both eur and Gbp have polical problem one is brexit...
In the near term, the 0.8925 area will likely attract an influx of offers. Any bearish price action from here could provide an attractive short setup. However, I have a sneaking suspicion that bulls want to take prices to 0.8980. This area served as resistance back in late July and subsequently attracted bids on the 12th and 13th of September. I’m going to hold...
the price is starting to reach an interesting point in the trend. if the trend crosses the yellow trendline/resistance and reaches 0.875xx i will look for an opportunity short. if the trend doesn't manage to break the trendline to 0,875xx and goes back up, then i will look for an opportunity long
Looking to get long on dips for a target to 0.8927, stop at 0.8839 Powered by FX Research Room. Obligation free link to join my WhatsApp group for more Intraday and Medium-term Fundamental & Technical insights. chat.whatsapp.com
By Tuesday at 5 pm EST, EURGBP sellers had secured a 0.9008 close, which was well below our key level at 0.9040. This left us watching for selling opportunities from the 0.9040 area for a move toward 0.8920 and perhaps 0.8780. This week’s aggressive selloff leaves the EURGBP overextended, particularly when we compare today’s price with the 10 and 20 EMAs in the...
Pending Long @ 0.9210 Stop Loss @ 0.9160 Target @ 0.9325 RR Ratio @ 2.3 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
We have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank. His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week. We are planning a...
After forming a fakey bar on the daily time frame, this Forex pair took me out of my trade just to have another price rejection in which I did re-enter again a long trade. For four trading days, this pair has been going on sideways which was slightly tempting me to close the trade at Breakeven,.. not closing it was a good decision. Plus I also noticed the inside...
We wish that our analysis could be helpful on your trades. Here is an update for EUR/GBP, envisage for PRICE BREAKOUT. It would be a great idea to SELL on 0.89414 and place your TARGET at 0.89062
Our preference: position bought above 0.8815 with targets at 0.8875 & 0.8900 in extension. Alternative scenario: in break of 0.8815, a continuation of the decrease will be envisageable with 0.8780 & 0.8760 in line of sight. Comment: The RSI is losing its bearish momentum.
it's near the mid line of the pitchfork and is going to complete an impulse 5 waves of elliot so we will have a correction there and as you know min for target of first move of correction is equal to 5 and ABC can correct 61.8 of all the impulse waves
Our preference: sales position below 0.8845 with targets at 0.8815 & 0.8800 in extension. Alternative Scenario: In excess of 0.8845, aim for a continuation of the increase with 0.8860 & 0.8880 in line of sight. Comment: the support sinking at 0.8845 triggered a bearish acceleration on the support at 0.8800.