Short Euro right now if you're interested in having patty cakes for breakfast. I'm incredibly bullish on Euro at the moment as it's broken above a bearish trendline from 2008. It's evidence to me this momentary consolidation on euro as it's breakout has recently just confirmed validates that it'll continue to see quite the massive upside from here. While there may...
Anyone thats been following me knows this set up now, ema 89 rvi pullback.
Pound Sterling: Goldman Sachs Optimistic on a Brexit Deal, Recommend Selling the Euro - "Short EUR/GBP," says Goldman Sachs - GBP/USD can go to 1.40 this year says, Morgan Stanley - But concerns rise Brexit talks could slip into Dec. tinyurl.com
WE look to have broken bullish out of a descending wedge, on top of this we have the rvi bullish cross on daily chart, as this classes as consolidation look for bullish breakout.
Eurgbp is seen currently in a parallel channel and a rejection f the upper trendline should trigger a fall to the opposite trendline. I am expecting a fall in price for Eurgbp with the invalidation level as seen on the chart
Hello everyone EURGBP seems to be in a tringle waiting for a breakout in a direction Watch the key levels in the charts and trade with care any question feel free to ask :)
I will certainly try this divergence because of huge reward to risk ratio.
Trend has been bullish since July 13th. We are waiting to break and close above 0.9120 to enter a long term trade to the upside and reach to the monthly high in March. The break out means we are getting back into the channel. Set your alarm and wait patiently for a break. No break = no trade! Goodluck.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8975). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Hello traders and analysts, Here is our take on EUR GBP COT report: Long Short Total %Long %Short GBP 31,267 45,396 76,663 42% 58% Euro 174,258 86,043 260,301 67% 33% Technicals: We have a good opportunity here to break the trendline as the top of the channel was rejected However - weekly level has not been tested, so we still...
The market trapped me in a false breakout, I thought that the market will break the support level and go lower but the breakout was only a trap before going up strongly
Played out nicely next phase coming
Bearish Market - I think that the market should keep going down Price level 0.86850
scenario one - supply on the 4 hour to be touched and as retail traders will expect a buy and breakout scenario two - fresh supply - the price will see a fake out in the zone and sell off. Alerts are set - prepared for either scenario.