Hi All, we are anticipating the continuation of bullish trend on EG. a comfortable break of the bullish flag and a retest, including the formation of HL. Entry, sl and tps marked. Follow, like , share and comment.
Looking at the H4 chart, Price is approaching to our buy entry at 0.8836 which is an overlap support. Stop loss will at 0.8766 and take profit will be at 0.8924 which is next resistance level. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general...
Pair : EURGBP ( Euro / British Pound ) Description : Rising Wedge as a Corrective Pattern in Long Time Frame and Rejecting form the Upper Trend Line Completed Impulsive Wave " 12345 " and Correction " ABC " Wave Divergence Descending Triangle Bullish Channel S / R Level
A fully formed inverted head and shoulders pattern has now been spotted. With EURO news just around the corner with ECB President Lagarde speaking, we could see a quick influx for the Euro. This could be a chance to pickup a quick few $$$ Take home 50 pips! and grab that Liquidity above! Id then be looking to short back down to support as our weekly timeframe...
Since EURGBP followed Uptrend, 3 Lower Highes and 1 Lower Low have been formed. Seeing its Current price point and the formation of a Higher Low near the Trendline hints at a Long Position. The support line can be a confirmation.
Formed Rising Wedge Tested upper And Got rejected Twice Counter tl Has Also broken Now expecting Test Of Lower Trendline Incase Of breakout Expecting Further Crash
I came up with this idea because on 4H chart there is a pattern formed already. My idea is that EURGBP will hit at least 0.8770 .As a second target i will set 0.8805 and as a third target 0.8835. I will risk 0.33% for each trade , we aware risk on your own!
warning: This analysis may not be correct target: eur/gbp time frame: 1h date: 12/11/2022 time: 22:13gmt
Hi, I have entered EUR/GBP on a long continuation set up. The support area at 0.85973 has been valid for over two years and has acted again as support in OCT 22. Entry- 0.85973 SL- 0.85290 First target- 0.87347 Final Target- 0.87347 GL if you join
EURGBP is retesting a broken resistance line of a falling parallel channel. I believe that the pair will bounce soon. Goal - 0.8687 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
EUR/GBP will be drop to neckline Because now in the important Fibonacci resistance zone
Hey traders, EURGBP reached a solid rising trend line on a daily. Approaching that, the price formed a double bottom on 1H time frame. I expect a bullish continuation now. Goals: 0.8648 / 0.866 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
After that liquid raid to the top side and rejection, I think we will see a bearish order flow seeking rebalance below. We have a weekly RTO structure on the weekly chart resting below 0.81000 flat. I would like to see the week open with EG taking PDH early on and showing a willingness to sell off. This is backed by my fundamental vision of current economic...
The general trend is upward After a good correction, we can enter a long position. What do you think?
EURGBP recently broke a key horizontal structure support. The broken structure turned into a key resistance. Retesting the broken structure the market reacted nicely to that. The price broke an intraday rising trend line and closed below that. Now I expect a further bearish continuation at least to 0.845 ❤️If you have any questions, please, ask me in the...
Yesterdays analysis update for EURGBP played out very nicely targeting the bottom of the channel. Here we can identify what we like to call a double zone. This is when structure meets a horizontal level, trend line or 50EMA. In this instance we have the top of the channel and horizontal level creating our double zone which was rejected with the double wick. Price...
Current bias is short however we do have the GBP official Bank Rate release today which will create irregular price action. As always trade safe.
FX:EURGBP The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.