Expect for EUR may drag market but expect GBP to uphold structure of market providing inclined momentum to TP 2 @0.75% - .86207, dont expect USD to bounce back although JPY may force market to take -15%-20% decline if not expect market to reach the safe breakout zone @ 0.9% @ .86393
Considering the recent upward wave, it is expected that after some fluctuations, the continuation of the upward trend will be formed and the resistance range and the resistance trend line will be broken. If the price crosses the support range, the upward trend will be delayed
Instant Buy Now Position at EURGBP based on bullish Trend over Trend line since there is no Visible Indication of divergence. market may again pump after touching to magic ratio numbers. Keep your SL aligned with your Risk Managment. :) what are your thoughts?
Current Account is Down a bit Return to previous level pattern Weak at the Moment on Currency Strength Metres Doesn't have far to go as far as Sentiment of Traders only 8 pips Short Target but that can run on past. I Say heading down 14 big ones : )
Weekly timeframe - Bigger picture bullish impulse bearish relief counter to the trend - Retest of the false break zone - Inverse head and shoulders/fake-out flag - Bullish fib in play - Bullish supply and demand zone Daily timeframe - Bottom formation (double bottom/reversal indication) - Multiple not yet completed bullish M's (one fake-out/outer structure) -...
EURGBP was trading under the declining trendline. The price was reacting well the support and resistance of trendline Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement. If the bulls sustain to upside the optimum target could...
EURGBP chart is printing in Sideways Trend. I'm doing trade in 1h time frame but first select 4h time frame and use Line chart to make Support and Resistance levels with horizontal lines at it's Peak and Low levels. My Trade Strategy is doing short from 1sr Resistance Level. Sell Limit: Entry Price at R1 with Stop Loss at R2. Entry Price (Sell Limit) :...
This morning I shorted EURGBP. I spotted a test of a solid falling trend line on a daily, my confirmation to sell was a double top formation on an hourly time frame. Goals: 0.8558 / 0.8553 ❤️Please, support my work with like, thank you!❤️
EURGBP is Currently rejecting a strong support on H4 with Bollinger Bands along with the stochastic Oscillator giving us the confluence to go long. Proper risk management is applied in case the market breaks below the support.
~6.50pm - 7.14pm good trading session today (actually a green day) I noticed I NEED to be more aggressive with my trades BUT still keep my rules Also: 1 trade per session, nothing more Trade: good trade (I thought it was a bad trade when it went near my SL but ig thats normal) PnL: +0.8 pips (+1RR)
FX:EURGBP Good short off this 4hr demand zone back down to 0.85490 for a possible bounce back up
EURGBP is currently trading sideways i.e. not making any clear highs and lows.
Daily: - Natural M - FO of the D 100 level - Bullish indication candle - New action (fresh liquidity) *Break even or limit remove when we hit the IC in 4th leg Weekly: + MS (and Inv H&S pattern) - LCC (last power are bullish orders on friday) + ZONE + FIB 3/4 LONG with Weekly pattern and now ABC pullback possible with fresh liquidity 4H: - Inv H&S...
Based on my long-term analysis, EURGBP appears to be forming a corrective pattern resembling a (w)(x)(y) in the minute degree. Wave (w) seems to have concluded at 0.85119, followed by wave (x) at 0.87499. Currently, the market seems to be trending downwards to complete wave (y) in the minute degree before resuming its upward trajectory. This analysis suggests...
Based on my long-term analysis, EURGBP appears to be forming a corrective pattern resembling a (w)(x)(y) in the minute degree. Wave (w) seems to have concluded at 0.85119, followed by wave (x) at 0.87499. Currently, the market seems to be trending downwards to complete wave (y) in the minute degree before resuming its upward trajectory. This analysis suggests...
EURGBP is trading in a range currently showing bullish signals from a key support area buy is a call with a strict stop loss.
EURGBP has just broke a major key level after a positive inflation report. I see eurgbp falling all the way down to 0.85000 if we respect the key level. Note dont be fooled if we see it close above the key level, it can still drop if it reaches 0.85370
If the price crosses the 78.6% level, it will be possible to continue the downward trend until the next support range. Then the movement process will continue according to the specified routes