EURGBP Has had a retracement form the current uptrend, and has seemed to flatten out, which is a sign of reversal. The point where the price has flattened out is at fibonacci 38,2, as well as between EMA 100 and EMA 200. The price has respected these EMAs multiple times earlier. MACD are starting to show bullish signs, as well as RSI is struggling near oversold...
Nice possible bounce at trend line. It goes left of the graph so pan to see that. My indicators agree with the fibs, I know they may be confusing lol. Buying in at 0.79213 and stop at 0.79100 with a pt of 0.8100
This pair continues to make new higher highs in the upward channel. Its recent fall may now provide an opportunity to go long, however, I will only do so if there is more confirmation from the candlesticks. I expect the price to reverse in the blue zone/ beneath the 38.2% retracement and the previous resistance level which should become support. Based on this I...
0.7960 acts both as a support and resistance. I'll wait for a clear breakout and CLOSE for a possible long position.
FX:EURGBP Forging eventual Double top. Overbought... For that we need the price to close below the previous (first) top - Pink line - price action is not showing signs of loosing strength, i think the bulls still in control, and to validate a double top we need a broken neck (point B); Cluster zone above, as X to A and B to A Extensions/Projections; ...
And there is also an AB = CD second-up-breaking-failure in 4H chart so I'll make my SL Price very close to point D, just around 0.7960. If you are going to take short time trade, you can set your tp to 0.7866 and 0.7817.
pending order in the area below . if it complete trending up and breakout the trend i will buy in retest
I expect a bullish EURGBP tomorrow @ london open, will keep an eye on this one. If it goes lower then i think it will be a good moment to buy.
- Pattern completed - Bullish divergence present - Waiting for reversal bar pattern inside PRZ box
As per my other Ideas around the EUR pairs double bottom, structure broken, wait for the 618 retracement and move to the updside
(03/03/2016) 18.11pm GMT EURGBP : With a cross of the daily trendline at around 0.77500, look to go long (remember to use the shorter time frames 30min,15min to enter). Looking at targets of around 0.79200 with a risk of a return to the WeeklyTrendLine at 0.77000. If price bounces off the Monthly trend parallel Channel, Short after confirmation which will come in...
EURGBP has touched trend line support. Entering long in line with daily trend.
EUR/GBP ( DAILY ) RECOMMENDATION: BUY SUMMARY: The secondary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7900 and support at the...