EUR/GBP is entering an interesting area. The high of 11th Feb (.7897) has just gone and this lies in a known resistance area. Also we have the 200 sma on the Weekly charts just above at .7937 and the trendline A - B is one that goes back to the start of 2000. Depending on how you draw this line the price is either above or below the line so its clearly still in...
Gartley pattern is finished @0.7887 near the key resist level, but price found some support @0.7863 which might pull the price little up to retest the resistance level and form double top. Traders who missed the trade have an opportunity to get involved if the price retests the reversal zone. Stops should go above 0.7895 and our target zone will be between fibs...
With the GBP getting battered across the board its unwise to go against the trend but if the risk/reward is good enough its worth taking a punt. .7862 is WR1 resistance and we're just 6 pips away from it.. We've also entered a selling zone for this pair so if EUR's rise against the GBP is going to stutter then here's a good place for it to do so. I've gone...
Still holding short in EURGBP cross, we have just got into a selling area and the market needs to retrace. So I am targetting 50% fib level with 2.34 risk/reward ratio. Have a good end to the weekend.
FX:EURGBP ABC correction with an eventual ab=cd pattern inside; Cluster zone, a confluence zone between previous waves extensions; Short the structure breakout, look for long opportunities when and IF inside the cluster area, or close... There's a major Cypher, check link below; GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point...
gbp to strong.sell eurgbp at 0.7747 to 0.7430
High test candle on the weekly, strong momentum down on the 4 hour. Weekly fib 50 retrace is below the .75 key level. macd and rsi showing downward momentum. 4 hour making lower lows and lower highs. Getting in early - will have to wait and see how this one plays out.
EUR/GBP is pointing heavily towards the downside. MACD is making slighty lower lows, despite the price rocketing. RSI is confirming room to decline (A), bounce (B) and further decline (C). We have a decent trendchannel, with 2 fake breakouts, meaning the 2-try rule is in place (bullish failure), which should result in further decline. Our trendchannel finished...
Price has slipped under trendline support and is heading back to look for support at the 200 sma. I'm SHORT from .7765 with a hard STOP above the trendline at .7785 for a 20 pip risk. Looking for TP at the 200 if it holds or hopefully much lower at WS1 pivot at support .7571 sometime next week.
EURGBP has reached it's medium-term objective and will probably reverse to te downside
EURGBP is in a consolidation state right now, a breakout is needed for a clear trade opportunity both long and short.
in this consolidation, the buyers are less eager to buy, they want to buy at lower price, the pair is going lower
On the EUR.GBP 60min chart we have a potential short opportunity at the D leg completion of a Bat Pattern The price reversal zone on this pair is between 0.7729 & 0.7753 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the...
EURGBP just hit 0.618 target, so looking for to sell the next 0.50 retracement to hit the buy back trand line to hit the next long term trend line.