Hello Traders,
I'm expecting that the EURGBP will not break out side this side way channel,
I'll be looking for opportunities to short this paire during the coming weeks,
This is a risky trade,
Never expose more than 1% of your capital to the market.
This is for educationnel purpose and it is not an investment advice.
Best Regards,
Held significant resistance
Reap for a retracement
Brexit concerns intensified
The UK economy and the bond market re surrounded with the Brexit risk and in 1Q 2019 looks like it could be more challenging. The main theme for this week is the BOE meeting, but the underlying Brexit uncertainty theme remains the key driver for EURGBP.
The technical picture for the ...
Looks like it completed a flag. I would look to scalp to those lows and then let some run in case it turns out to be much more. Possibly can go down a lot..
EUR GBP SELL on Break Out with Huge TAKE PROFIT!
Nice opportunity to sell EUR GBP on Break out level. Stop loss is small if we look at the profit target
Before you take trade be sure you are in risk management (RM)!
For all extra information, don’t hesitate, Ask me in the comment below! ...
Our last call was a short entry based on a trendline breakout. We have reached our targets and trade was closed. - See attached -
EURGBP trading sideways manner within a rectangle. On the bigger charts, the pair is trading on an ascending trendline.
On the smaller chart, an inverse head and shoulders pattern is being printed. Long opportunity at the breakout of ...
This is my expectation of EUR/GBP. I think there are too many seller (24% buying - 76% selling)
This is a no brainer for big players to bring this pair back to the recent highs.
Lets see how it goes!
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the ...
Looks like a good bearish wedge, should break down here but could still make one more wave up. I am going in with half a pos and will increase if we move up to the upside of the wedge again or add those on the way down. Volume picture is also confirming the wedge.
Previous analysis:
Flash-back:
I called the previous big drop:
Down-trend unfolded with overlaps.
Elliott Wave Analysis
EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence.
Patterns:
- Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red)
- Expanding Flat in Intermediate (B) (red)
1 - Expecting a ...
The Euro vs. the British Pound. This pair represent a cross between the two largest economies in Europe, the Euro Zone and the Unites Kingdom. The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two. Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.
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