we can see a great move either up or down .. we have an descending channel in H4 frame .. triangle pattern in H1
As you can see, after price reached the low level and came up and there is more power that price comes up again Good luck! :)
Can be a good bullish move on EURGBP
Been triggered into FOREXCOM:EURGBP . after price has struggled at previous resistance.
we are heading euro pound long breaking higher highs once we break the previous we shouldn't have any issues hitting either tps Kris
Last week price sold off from key resistance at 0.89486 pointing towards further declines next week. A pullback and re-test of the channel top will provide a great place to look for shorts down towards the targets of 0.88103 and 0.87765 respectively.
Good evening everyone SO currently I am in this trade shorting the reasons why are the following: If you look at the weekly and daily sellers where my stop is sellers are showing their strength in pushing this market down engulfing candle followed by a daily confirmation of breaking down towards lower lows Conclusion: My target is either tps at the same...
EurGbp continued its strong near term advance last week and we look ahead for further advances next week after a corrective period. A pullback to the 0.89260 area of support would be a great place to look for long opportunities towards the targets of 0.90275 and 0.91124. A failure of the 0.89260 area of support could point towards a bigger correction to the...
As you can see on the weekly chart this has been repeatedly closing below the resistance level after failing to break i see this as bearish price action and would predict for this to drop this week.
For the past several days, the EURGBP pair has been trading on a descending triangle. As what the formation suggests, a downside is imminent from this day forward despite the spike up. I actually had a long setup at 0.86020 wherein an inside bar pleasantly formed just about the 200sma along with a huge bullish pin bar as the mother bar. I've drawn a second...
i ll put sell order at current levels targeting the two green lines. and put SL at 0.8531
As we can see the descending triangle on the chart, we wait for the breakout of the support line at 0.8477. i ll put sell stop @ 0.8472 targeting 0.8440/0.8400 and SL @0.8501
Looks like a nice descending triangle. Took short position with TP at about 0.87. When it reaches the TP, I'll long again once price reversed. A breakout is likely to happen in the next week or two.
Indecision around support on both weekly and daily, showing bears have potentially run out of steam Break above yesterdays candle will trigger a long Target will be previous support
PLACE A SELL LIMIT AT THE 0.86948 FIB LEVEL. STOP LOSS AT 0.89075