Hey traders, in the coming week we are monitoring EURGBP for a buying opportunity around 0.849 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Okay I have a couple of options here!!
price rallied all the way from 0.82498 on the 14th April and broke a significant high at 0.85129 on 5th may
Also stop hunted retail resistance above 0.85988 and we have the market looking for lower prices
but because of that April-May Break of structure , I remain bullish within this price leg and i see multiple equal...
The chart analysis is self-explanatory.
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Trade with good risk management because the market trend can change so fast. Analysis is based on recent data and valid if the...
Last week had good idea at first and then changed mind.
The shape of the channel shows are are near support 0.8494 and further down cloud support 0.8454. The stochastic 4-hourly chart is positive and it feels it may push the pair higher.
Strategy BUY current @ 0.8505 and place stop-loss @ 0.8430 and profit order @ 0.8678.
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In this analysis and update, I make an analysis in H4 timeframe and I see a bearish opportunity to find down.
So, we're into this symmetric triangle, but looking in this timeframe the price could to make the reversal to goes to the up trend line around 0.8460 GBP.
This it's a good opportunity to short EUR/GBP in this timeframe, the're not any bullish signal as...
EURGBP is ranging perfectly between a parallel descending channel. The nice thing about this pattern is that each wave has an ABC corrective pattern which has been highlighted in ABC.
We can see that we're currently on the 5th and final wave, which is the E wave. After this wave, we're expecting a major bullish reversal. In the meantime, we can still trade...
- EUR FEATURE currently stands at 1.0692 LEVEL. We can see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE.
Its price is slightly higher than EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2588 LEVEL. Therefore, most of the time the PRICE can be sold in the...
We've all done it.
At some point in your trading journeys bad habits set in.
Here is my four trading habits you've got to kick in order to stay profitable.
1. Overtrading
We all been there with this one.
We think we have to be in the market all the time.
We don't and its okay to be flat at times.
No strategy should have excessive trade volume.
More time...
After printing a massive bullish candle and breaking out of the zone of resistance, the price is slowly pulling back to re-test the broken area that lines up with 61.8% Fibonacci retracement level before continuing its growth. Thus, we are monitoring the price action and patiently waiting for the price to provide us with enough confirmations before going long
Trade Idea: Buying EURGBP
Reasoning: Confluence of fib, previous resistance, trend line support
Entry Level: 0.85860
Take Profit Level: 0.85860
Stop Loss: 0.84820
Risk/Reward: 4.47R
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
My idea on EURGBP over the coming days. What are peoples thoughts?
I can see lots of liquidity areas that are ready to be taken, Highlighted a 1 min inefficient price action which is a target to be taken below the liquidity, also an area that will attract alot of buyers - more liquidity.
I would expect some sort of fake reaction to the 77 fib area then wicking...
EURGBP Is having both option open. Structure may not be completed yet. If correction will shows us one more buy we can consider taking it and then we will start selling. If you are not skilled enough and you don't have a strategy to trade it then simply just ignore this short wave to the upside and wait for sell setup to appear.
EURGBP has reach the resistance level, imho, this pair will retrace to support
but the trend break out, I think only minor retrace and will continue strong when reach the support level.
always use stoploss to minimize your risk.
Happy Scalping!
FXCM
