Expecting possible trend breakout. Stronger pound and weaker euro will support this idea.
We need to monitor this trade closely. There are 2 potential setups: 1. The price pull back to the resistance zone near 0.87xx and wait for bearish signals to short 2. Zoom into H4 Chart and look for bearish signal to short. Trade with right risk management as the current risk/reward is only 1.5. :)
EG still wait for break grey-line. if EG can't breakout, We still no order here. Use Sell stop @H1 for jump in.
Eurgbp is consolidating from last week and I expect the breakout to be wild one. I don't rule out the possibility of false breakout, bcos people will get excited, price moves up & euphoria settles down comes back hits our stops and market moves to other direction. In triangles always wisely place your stops ( figure out a better way to manage risk n reward ) , so...
PLACE A SELL LIMIT AT THE 0.86948 FIB LEVEL. STOP LOSS AT 0.89075
Technically - Down Fundamental - Up - Brexit & possibility of ECB Easing
If there is any technical mistake on my charts please feel free to comment on that. Thanks
We can clearly see from the chart the corrective wave begins in EURGBP just after the completion of simple 12345 Elliott wave count. Moreover the price is channeling and on every retest of upper & lower trendline in bounces back to otherside and this channeling pattern also insync with our Elliot wave count in EURGBP. So check from your side and ensure the risk...
Hello Everybody, I would sell this pair if a candle closes below the 26 EMA. However, closing a candle below the 26EMA is not just the point to decide whether the pair is to sell. So, I will update the movements accordingly. Keep an eye on EURGBP 4 hour chart.
(i) Purely based on Trendlines & price action (ii) This is aggressive setup, so non-risk takers don't trade (iii) Enter after valid analysis only ! Happy Trading...
Hello Traders ! We have a broken trend line on daily time frame and RSI divergence, we are also bullish fundamentally in GBP pairs. This looks like a good opportunity to short this pair, you can either short now or wait for a pull-back or consolidation and short...
I am predicting a short pull back coming soon to the .84900 (TP1) area possibly could move lower as a pull back before heading back up to breaking higher highs. If levels .87470 (.87500) hold and don't break then EG will be dropping long term. **** NOT A SIGNAL JUST MY ANALYSIS *****
Traders, We have had a great amount of success over the past few, with focus on usd/jpy and the BOJ as see in the related ideas, long may this streak continue! SUMMARY: The EURGBP pair bounced slightly during the course of the day Tuesday, using the 0.8639 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is...
EURGBP has lots of potential to continue upside movement on a daily chart. Good chance for a breakout. My first idea.
SUMMARY: The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8416 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are...
Risk Reward Ratio: 6.48 Stop loss @ 0.84250 1st take profit @ 0.82875 2nd take profit @ 0.82245 3rd take profit @ 0.81138
Monthly and Daily - We had a monthly descending triangle which has broken to the upside, we also had a pull-back and a correction in the daily time frame. At the same time we have a bullish flag in formation in the daily frame. Upside is preferred if we break the yellow trend line after another small pull back. However if we go below the blue line, this would be...