We have just completed a 1-5 wave foramation followed by an ABC. A new impulse wave moved through the last trend line and pulled back to test the break. Support can also be found to the left. Entered a long with SL set below the A. First target will be top of the 3rd wave and than wait for the 5th wave to complete for a TP@.
Analysis : We are in bullish trend in EURGBP and market pulls back after every high. On current pullback we are entering long at previous resistance turned support zone. RSI is also in oversold region We have a very good risk reward ratio of more than 2. Check your plan before entering the trade. Happy Trading !!
I have a Long view on this pair up to the D point of the possible cypher. Looking at how we may get there, as you can see the previous candle came all the way down to previous support and rejected this are and moved up. This current candle is in or around another are of previous support. If we see the candle close above the trend line I feel we will see a move...
EurGbp, head-shoulders suggest a target of 0.76- 0.77- 0,78 the upside has also given rise to what looks like a head and shoulders figure >!!!
The previous chart can't seems to load future bars. Therefore I have reposted the chart. We will be looking for long when the price breaks the blue dotted line. We will enter trade when reversal signals are seen when price enters the PINK BOX.
Right in the 1.27 > 1.414 zone could see movement up as we are right down near the over sold area of the RSI
Looking to long in the blue zone. Wait for reversal signal to enter. Hopefully it breaks the 0.75 resistance level.
After big short in EUR.GBP .. a bullish gartley pattern formed.. 0.76 Long for 100 pips SL 0.75 GL
Here on the EURGBP we are in a range bound market, down at the bottom structure support at the channel we got a Cypher formation forming, we have had a pretty free falling market, with some momentum bars today, which have made RSI go down near the oversold area, so let´s see if we catch price for another run at the range. Kind Regards Thomas Jeff
B=%50.0 C=%113 D=%161,8 XA=%88.6
B=%38.2 C=%61,8-%88.6 D=%161,8 XA=%88.6
EUR GBP pair trading in down trend on 4hr candle, it should break bearish trend and retrace at least 38.2% fibo. Buy EUR GBP @0.7788 Target: 0.7848 Stop loss: 0.7748 Gud luck !