This was the perfect trade setup, it followed structure to the T and played perfect into our favor. The first TP was hit and the SL can be moved above entry as the trade is risk free and deep into profit at this point.
Since the market has started making a bearish trend. Still, there is no bullish divergence. We will sell it at the current market price. The currency indices are calling for a short trade.
Still in a bearish trend, therefore looking for sells. 1H order block has been marked out along with the Fibonacci. waiting for price to tap into the order block and fibonacci and reject before entering short.
EURGBP broke a resistance line of a falling parallel channel
after a test of a key horizontal support.
I bought the pair on a retest of a broken trend line.
I expect a pullback now at least to 0.8579
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✅EUR_GBP is making a
Pullback from the horizontal
Resistance of 0.8590
So I think that the
Pair will go further down
SHORT🔥
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Here is our detailed technical review for EURGBP.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.855.
The above observations make me that the market will inevitably achieve 0.858 level.
P.S
The term oversold refers to a condition where an asset...
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8555 pivot level.
Bias - Bullish
My Stop Loss - 0.8537
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8591
About Used Indicators:
The average true range ATR plays an...
Hello Traders, here is the full analysis.
Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
After some fluctuation, it is expected to continue the downward trend and advance to the level of 78.6%. Then the downward trend is likely to continue.
If the price can stabilize above the resistance range, there will be a possibility to continue the upward trend
I am expecting a short trend-following trade from a current daily resistance level. If we analyze the 1-hour chart, there is a formed head and shoulders pattern, and its neckline has been broken below. Now, we will take a trade on the retest.
Today, we will analyze EURGBP
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas...
Today, we will analyze EURGBP
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas...
EURGBP tested Dec' 23 support zone forming a double bottom. Upon a complete formation of bullish engulfing candle am going long.
Reasons:
(1) RSI below 40 indicates over sold
(2) Since Sep'23 the pair has not break the 0.85505 support zone
(3) Double bottom
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area.
Trade safe, Joe.
