Since the middle of last week we have seen all GB P pairs selling off.
GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south.
Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these...
EURGBP possible long on D1 demand zone
M demand in control
W demand in control
D1 pending order set @1/3 RR ratio
As always once the market gives a 1/2 RR I will be closing half of my position and bringing the SL to entry, while maintaining the final target at 1/3 from entry
Happy trading
Stay green
Hello traders, we want to check the EURGBP chart. After breaking the channel and a strong upward movement, the price is making a correction to a key level. We expect this level to play the role of a support level and the price will maintain its upward trend and grow to around 0.86400. Good luck.
Pair: OANDA:EURGBP
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frames
- Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone)
- Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURGBP TREND-FOLLOWING. 📚
👉As we can see price is still and clearly overall bullish from a medium-term perspective, trading inside this rising broadening wedge pattern.
👉Meanwhile, price is sitting around our lower rising...
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8549 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8585
About Used Indicators:
Pivot points are a...
Hello Traders
In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EURGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
❤️ Please, support our work with like & comment! ❤️
This is the current situation of EURGBP. We can look for LTF confirmation before LONG entry at OrderFlow Zone and if it fails to give any confirmation, we may look for confirmation at Extreme POI but if it fails to give valid confirmation then we may wait for sweep of Liquidity at Major Low. I analysed Eurgbp Market as Bullish on Daily time-frame because it does...
This is a short idea I have, and most likely it will come to fruition. We have a good liquidity pool taken out with a great reversal displacement. We also have a great draw on liquidity for the buyside.
See here for my analysis on the Daily timeframe.
Refer to my notes within the screenshots for context.
Happy trading!
- R2F
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
Hello Traders, I hope you doing great.
for upcoming week, we'll have two option.
The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell.
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one hour analysis to my dailly idea on eurgbp long. here u can see the wave 1 up from c and the a wave down from wave 2. up for b to the box. down for c to the lower box and then up fro wave 3
Take a look at our analysis for EURGBP.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.858.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.860 level.
P.S
The term oversold refers to...
It is expected that the current corrective trend will not be able to break through the support range. Otherwise, by crossing the support range, the beginning of the medium-term downward trend will be possible.
It is expected that after some fluctuations we will see the beginning of an upward trend
