Based on the current market structure the currency is ranging. Hence there is no clear strong sentiment on what direction the currency will take. If it breaks to the upside we take a long on retest and a short on breaking to the down side on retest. #beprofitable
Earlier, I gave the buy signal. Then I was not in the market but now I have shorted. I'm waiting for a signal from the market and the short open
We are in a consolidation stage so watch out for fake breakouts/Sl hunters as usual. Overall expectations are defined through the blue path. Price has to continue its journey to meet the 1.618 final stop ( bottom red line) before thinking of retracement upwards.
Set up: Price is moving in a range Still made a balanced swing Pivot component met Zoom and re test into press Strong sellers indicated on WRB Entry: If price can reach back upto MA (0.84103) Stop: Above press structure (0.84211) Target: 3:1 RR lower low (0.83780)
This is my forecast setup using SnR. Im expecting the bullish momentum for eurgbp with the creation of HH and HL.
EURGBP is making lower low and lower high . EMAs can push the market in downward direction . SR SL TP are in the chart Result will be updated soon.
Buy if price drop back to demand TP : red lines SP under the LL
EURGBP has been consolidating in a range since the 17th of November after finding support at the 0.38 levels. Since support has been established at this level the price has risen twice whenever price has come down towards this area. The price has fallen from the top of the range and has started to stabilize around the 0.839 regions. The RSI levels on the 1hr chart...
This pair has been showing signs of an upmove. It ranges alot but eventually moves. We've been anticipating an upmove, but the entries have not been so fruitful. We see a buy setup forming which could turn out for an impulsive buy. Trade with care use a stop loss.
As we can see daily strong support zone is ahead also the price is receiving local daily support here and soon we can expect rise and local pump to our targets and resistance zones mentioned on the chart. DISCLAIMER: ((trade based on your own decision )) <>
This is my analysis. how about you? please comment like and share.. thx u
EURGBP is forming a sideways pattern at its lows and the technical picture favors one more leg up and a potential breakout. We open BUY orders at current levels (0.8400-05) adding more at 0.8380. We will set the stops below 0.8368 targeting 0.8430-35. If price breaks above 0.8430 on an hourly close we will buy again for 0.8470-80 target, setting the stops below...
Hello, traders This pair has the potential to go lower to re-test its support Confidence level? 75% Good luck :)
Given the decline of the euro and the structure of the waves at the end of the current downtrend, several scenarios are likely to continue the trend. If the euro can stabilize above the resistance range, we will see a continuation of the upward trend
As you see in the chart, price is bouncing in a consolidation zone, after dropping sharply. Obviously, we should wait for the sideway zone to be broken first: 1. Since the main trend is a downtrend, if the support level broken out to the downside, we can expect a further drop around 0.83 which is the next major low and also a support level. 2. On the other...