On the daily TF, we see that the price has again approached the strong resistance line. Why strong? Since feral, the price has touched this price twice already and changed the trend both times.
After the last touch of this line, the price rose sharply and formed a descending channel, in which it has been moving for the...
EURGBP has reached our past Target.
The price tried to exit the falling channel, but it failed.
EURGBP is approaching the lower channel line + towards the strong support line.
+3 support lines are near EURGBP.
Therefore, I expect growth.
EURGBP is moving in a descending channel on the 4h chart.
The price after touching the higher trendline broke below the weekly support creating a double top lower close on the daily chart.
Currently, the price is holding the 0.90200 level.
IF the price will go for a retest of the minor channel and give us a sign of inversion we will set a nice short order...
Hello my friend | Welcome Back.
Please support this idea with LIKE if you find it useful.
It could not break the support, so we will witness a strong rise to the resistance indicated on the chart.
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the...
EURGBP is facing Bollinger squeeze in daily chart. and in 4 hr also we can see price action with indecision , in short term we can see potential sell on break below 50 SMA in 4hr chart... or in case price moves higher above current resistance look for long setups..
We try to highlight potential trading setups on Pairs on 1hr and 4 hr chart , while analysis...
EURGBP has broken through the downtrending channel, but it is still stuck in a box and is ranging. We will make our decision based on the closure of the current H4 candle. If It manages to close inside the ranging rectangle and produces another smooth bullish candle, we will be looking to buy the pair, on the contrary, if it breaks the area of support and closes...
Vendemos el Euro debido a los riesgos fundamentales derivados por la pandemia, por su parte la libra se está apreciando a la expectativa de las medidas de QE tomadas por USA, en el ámbito técnico, esperamos a que salga de la zona de consolidación marcada para llegar a tocar nuevos mínimos.
Its time to go LONG on EURGBP.
1) Its at 61.8% Fibonacci retracement level.
2) Critical area ( bounces up 3 times).
3) At smaller time frame (4H & 1H) candlesticks shows rejection from the bottom.
4) Bulls are trying to get the control of the market.
5) It will follow its major trend.
*Even if the market will be in correction mode we will be able...