We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart trade has just alerted at time of writing. Working the H1 time frame here and we're only looking for TP3. Previous two trades can been seen on chart. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every...
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TRADE TYPE: SELL LIMIT ORDER TRADE DIRECTION: SHORT TIMEFRAME: WEEKLY ENTRY PRICE: 0.85000 STOP LOSS: 0.87000 TAKE PROFIT: 0.83000 RISK TO REWARD: 1:1 Follow this thread for any future updates regarding this specific trade Full analysis behind this trade available in the related links below
Persian language doostan az in ke ma ro donbal kardin motshakrim FX:EURGBP
Another round of commentary from the BoE over the weekend with Governor Bailey signalling yet again that the BoE will have to act in order to curb down inflation. The Governor noted that while monetary policy cannot solve supply-side problems, which the UK economy is currently facing, the Bank will have to act and must do so if there is a risk to medium-term...
Inflation data from outside the US should pique traders interest this week. Several major economies will be reporting on actual inflation figures experienced during September 2021. Will they match their forecasted values, or will the data follow US inflation and surprisingly creep upward? Who should be watching the inflation data? Traders of the Great...
EURGBP recently reached 0.866 - 0.868 major resistance cluster. Then the price dropped sharply. Bears managed to break a support line of a bearish flag pattern on a daily. It may lead to a further decline. If you missed shorting opportunity, consider the retest of the broken support as the point to sell from. Next goal for sellers - 0.846 ❤️Please, support...
CAD – The Canadian dollar found support on Tuesday from rising oil prices and a further widening of its trade surplus in August’s report. Analysts note that Friday’s employment report is also likely to be positive and support ongoing expectations for a further reduction in bond purchases. GBP – Sterling rose to a three-week high against the euro on Tuesday,...
Price is currently trading in a descending trend line . and is currently at price level 1.610. Price can potentially dip to the take profit level of 1.1573 which is in line with our Fibonacci extension level of 50% and Fibonacci retracement level of 78.6%. Our bearish bias is further supported by our EMA and Ichimoku cloud indicators. Alternatively, our stop loss...
Welcome back traders, a mid-weekly update on the market; Gold entered the 1720-1740 support zone and we have a reasonable bounce so far from 1730, however not strong enough to be reversal worthy. The bounce was primarily due to Powell's dovishness yesterday where he mentioned the following 3 points: 1. We have met all but met the test for taper. 2. Even with...
The EURGBP has held recent gains well coming out of a "false breakdown" a few weeks ago on the break of the .8470 support and reversal out of the descending wedge. Since then, the EURGBP rallied to test the 61.8% Fibonacci retracement of the July high to August low at .8584. From here, dips to the .8525 level could find support as a bull flag is setting up....
Update from previously posted execution via The Jackson Hole Economic Symposium, which will take place next week and is expected to include a speech by Jerome Powell, Chairman of the Federal Reserve Bank of New York, will be the main talking point. Market investors will most certainly scrutinize every word he says after the release of the FOMC minutes this week,...
EURGBP has traded into a key resistance pivot prior to the GBP Claimant count rate, which records the percentage of people applying for unemployment benefits. Technically the pair is in a downtrend and has made a pullback into a key level, and we anticipate downside from here into the 0.8478 level.
This is my simple idea for EURGBP 1D time frame , I hope it is useful DON'T FORGOT, STOPLOSS Best regards.
Hey traders, EURGBP dropped to a year's low. Being strong horizontal support, chances are high to see a pullback from that level. On 30m chart, the price formed a falling wedge pattern and violated it to the upside. It is a solid confirmation and now growth is expected. Goal - 0.8496 ❤️Please, support this idea with a like and comment!❤️
GBPUSD Potential price movements heading into this week, I expect price to reach that contraction we saw at the top in GU, I would expect to see a reaction here, if we are going to see strong $, if we get to this block, we can look to short weakness down to new lots, for the time being I believe we are in a continuation pattern and we can look to trade GBPUSD up...
EURGBP is currently Trading at a Weekly Support Level, i'll wait for price to decide for a sell or Buy on this market.
Hey traders, I was monitoring 0.85 key level on EURGBP for quite a while. Being a strong recent structure, I was looking for a pullback trade. The confirmation that I got is a bullish breakout of a falling wedge pattern on 1H. Now the price is retesting a demand area. I expect a bounce to 0.8524 ❤️Please, support this idea with a like and comment!❤️