Eg
EG easy predictionI made this prediction about a week ago on 9/8 and using Fib Retracement and the Cloud I easily made 250 pips. This strategy is a very useful long term strategy. PM me if you want to know how I color coordinated the Fibbonacci Retracement and how it is extremely precise and useful.
EURGBP SHORTI am predicting a short pull back coming soon to the .84900 (TP1) area possibly could move lower as a pull back before heading back up to breaking higher highs. If levels .87470 (.87500) hold and don't break then EG will be dropping long term.
**** NOT A SIGNAL JUST MY ANALYSIS *****
EURGBP LongBased in fib retracement and cloud support looks like it could make it all the way to 0.87000. first target is 0.85750, second is 0.87000, and third is 0.89000
EG breaks consolidation and heading towards support trendlineAs seen on chart, EG breaks out of consolidation wedge and is headed for lower lows. Expect it to test trendline, and whether it bounces or not depends largely on fears of Brexit.
Simple EG short at trendline and 1.618 extensionSimple EG short with trendline and 1.618 extension. Stop could be closer, but I'm giving it breathing room
1:4 RR EG short with a lot of indicationsFirst off we have resistance coming from the last swing up to this area. Secondly we finished 5th wave in 0.795 and we should see a correction wave, that lines up perfect with a AB=CD move down to fib resistance/extension
EURGBP - Beck from extremes and headbang at A/R'sFrom the U-MLH, pullback down and up again, to bang the head at the A/R.
And for classic pattern recognition lovers, we also see kind a H&S.
From the U-MLH, we have a great chance that price comes down to the Centerline, as "Timing Is Key" found in the old documentaries from Andrews himself.
P!
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short EG, take 3 :) long termsee chart for details, but I see a break and retest of a monthly trendline (in red), as well as a weekly trendline (in blue).
also, the resent swing high by EG touches the 0.618 retracement of the prior major move down.
My ultimate target could therefore be at 0.63981, the 1.618 extension level of most recent move.
Short EG at resistanceafter being stopped out on the previous set-up, it seems EG is now hitting some resistance.
on larger timeframes it still is in a downtrend and In combination with the risigin wedge on the 1-2hr chart and it being signifcantly oversold for a period of time, I will go short as soon as the wedge is broken. target retracements of the last major swing up.
comments appreciated.
GL
short EGtesting monthly resistance levels bounced off with clear bearish engulfing candle on daily chart
next monthly resisttance at 0.6547 area is my TP. Stop goes abouve the monthly resistance band.
GL
