Pair : EURGBP ( Euro / British Pound ) Description : BEARISH CHANNEL as an Corrective Pattern in Long Time Frame Completed Impulse Correction Impulse RISING WEDGE as an Correction in Short Time Frame and Rejection from Lower Trend Line BREAK OF STRUCTURE and Completed the Retracement at Demand Zone
I really like the setup of this trade so far. I'm confident in this trade because of the recently closed MMBM and a MSS to signal a trend change confirmation from bullish to bearish. You can play this trade however you want, but personally I'm going for a 1:2 risk-to-reward but at 1:1 I'm taking some profits and moving my SL to BE.
As EURGBP is following its downtrend, price retraced from the stronm 1H level and slided into 15m channel. The structure (marked with yellow box) has been broken and restested as usual. Next bearish candles gives confidence on shorting the pair back to the 15m channel bottom as first target and 1h strong support as final target.
EURJPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.85595 which is an overlap resistance that aligns with 23.6% Fibonacci retracement. Stop loss is at 0.85879 which is an overlap resistance that aligns closely with the 38.2% Fibonacci retracement. Take profit is at 0.85174 which is a...
It is expected that wave c will end in the current support range and we will see the beginning of the uptrend. A trend change can occur within the specified time frame
Hey Traders, Many are focused on US News that comes this afternoon. Mostly, that's because a change in inflation can cause a large chance in the decision making for the Central bank in that economic zone.
Here I have the EURGBP pair, my interest for now is to go long on this pair after a break occurs, but if this pair broke to the down side then it will take some time if I am to go short on the pair because there is just small space before touching my major level below.
Hi folks today I'm prepared for you British Pound analytics. Some time ago price traded near the resistance zone, which coincided with resistance 1, but later it fell to this level, reached the trend line, and at once rebounded and made a strong impulse up to resistance 2. In a short time price broke this level, which coincided with one more resistance zone and...
Bearish, possibly the start of a re-tracement leg up. Waiting for price to reach zone before sells for potential lower prices. Safe and Happy trading week.
GBPEUR's Aroon Indicator triggered a bullish signal on February 02, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock...
Greeting Traders! In the upcoming week, our focus shifts to EURGBP for a potential selling opportunity around the 0.85500 zone. The pair has been navigating a downtrend and is currently undergoing a correction phase as it approaches the trend at the 0.85500 support and resistance area. Turning to the fundamental landscape, recent statements from the Bank of...
Targets @ 0.8700 TP2 - TP1 @ 0.8600 - Waiting for Volume Confirmation / Breaks to the Upside!
I got a BUY signal for the pair. We are ranging, and it feels bottoming and stochastic are flat and low. Strategy BUY @ 0.8525-0.8535 and take profit @ 0.8637 with SL below 0.8485.
It is expected that the price will move according to the specified path and after the completion of the corrective pattern, we will see the beginning of the upward trend If the price crosses the 78.6% level and stabilizes, the corrective process will continue
My analysis is on chart. I'm shorting EURGBP risking 1% of my account. Have a blessed day traders.
Hello,Friends! Bearish trend on EUR/GBP, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.851. ✅LIKE AND COMMENT MY IDEAS✅
Price is to fall toward our bullish order block of 0.85259, a pullback support that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to rise to 1st resistance at 0.85638. If price breaks below the pivot, it could fall to 1st support at 0.85186 , a swing-low support level.