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Eg

EURGBP ShortPotential head and shoulders pattern forming along with a potential short term cypher. Predicted movement shown on chart. Observe to see what happens in the 0.895 area to see if it completes a cypher with 0.5 fib level TP1. If price rejects this level it could also be completing the right shoulder of a head and shoulder pattern. I would look for a short position with a TP1 at the neckline of the H&S as price could bounce again from here. On the other hand it could break the neckline and begin a bearish run. Bearish divergence on the 4hr right shoulder, followed by strong rejection from the 0.908 price level. COT data is not clear so not taken into account much for this idea. Both currencies are short bias on leveraged accounts.
Short
by JBCapitalFX
2
EG: Wkly long setup Looking from the top down, 0.8 is I think potentially long term downside support, but until 0.85 it will be of interest to take it long after multiple rejections back up to 0.87. I think this week we will consolidate around the current zone in yellow and that we will be able to take advantage of a break out to either side. Preferably the downside. For this reason, we favor a bearish bias for EUR/GBP this week. As always feel free to ask questions and post your charts.
Long
by UnknownUnicorn3442968
1
EG: Weekly long setupStill no entry yet this week on any trades. On the weekly, you can see a major support zone of 0.85 looking at the longer term timeframes. I feel like from this price that EUR/GBP will push up alot. Multiple 100 pip targets once we score an entry. I think we can break through 0.85, and we can then see some downside movement on pound pairs and then to the upside with plenty of potential. Trades will always be shared with you all live when we take the trade. stay tuned as always.
Long
by UnknownUnicorn3442968
10