On the daily chart, EURGBP formed an insidebar break, and the short-term market downward analysis is too large. At present, short selling can be considered near 0.8600, and the support below will be focused on the 0.8530-0.8560 area.
EURGBP is playing in range after making a bearish divergence. If price break the trendline and make a new LL and LH, then short EURGBP. Wait for new LH or set a precise entry by using Fib tool. Set the previous LH as stop loss and set the tp1 and tp2 with rsik reward ratio 1:1 and 1:2.
According to the behavior of the price in the current support range, possible scenarios have been identified. In both scenarios, it is expected that the upward trend will continue.
There is a big divergence in a 1hr time frame so place an order of sell stop.
If the price crosses the current support range, it will be possible to continue the downward trend according to the specified path. Otherwise, the price above the support range is expected to stabilize and then the continuation of the upward trend is likely
The "bullish crab" is a pattern in technical analysis used by traders to forecast potential price reversals in financial markets, particularly in stocks or cryptocurrencies. It's considered a harmonic pattern and is identified by specific Fibonacci ratios between price waves. Here's a brief overview of its characteristics: - The pattern typically consists of...
1. PSTG 1 was hit 2. PSTG 2 was hit 3. Market did retest on the zone i predicted that it is going retest at. ///trade///
Weekly chart is also bullish. Pivot 0.8515 Our preference Long positions above 0.8515 with targets at 0.8644 & 0.8690 in extension. Alternative scenario Below 0.8515 look for further downside with 0.8460 & 0.8410 as targets. Comment The RSI calls for a new upleg. Supports and resistances 0.8725 0.8690 0.8644 0.8605 Last 0.8515 0.8460 0.8410 Number...
It is expected that the upward trend will continue according to the specified paths. As long as the price fluctuates above the 78.6% level, the continuation of the upward trend is likely
In Daily time frame, the price got supported by a short term channel bottom line. Slow Stoch and RSI both are in a over sold level, crossed and turned to North. The price would turn to North and moving in a big sideway channel. Stop long trade if the price break out the short term channel bottom line area.
My dear friends, My technical analysis for EURGBPis below: The market is trading on 0.8566 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8574 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
Eurgbp daily htf bullish analysis . bullish trend confirm by price.
It is expected that the price will fluctuate according to the specified path, and after the completion of the corrective pattern, an upward trend can be formed. If the price crosses the support range, the upward trend will be canceled
I will be checking in on this chart as the week progresses to see if I will be favoring EURUSD or GBPUSD. Last week Euro had bullish momentum. We are coming into a potential rejection zone for EURO. If that is the case and we pair that with a bullish narrative on DXY, we should see accelerated movement lower on EURUSD. I will make updates to this post as well as...
EURGBP rejected from a resistance zone and it Seems Good for a Sell Position!!
The GBP/EUR pair has reached a sell zone, currently trading at 1.1650. This indicates a favorable moment for selling the pair. Traders may consider setting multiple take profit levels to capitalize on potential downward movements: at 1.1644, 1.1635, and 1.1625. These levels provide strategic exit points to lock in profits as the exchange rate depreciates. To...