USDCAD making a correctionat the moment, the price is making a correction.
I expect movement to resistance.
Eur-gbp
EURGBP LONGA level is well broken!
Also descending channel is broken too!
you can wait for a confirmation, but good R to R ratio will be available after confirmation!
beside the static support VWMA 100 could be a good dynamic support too.
EURGBPIn the specified range, if I see a suitable and ascending Kendall pattern, I will buy with the loss limit and the target indicated in the chart.
Key level broken and buying opportunity with EURGBPH4 time frame.
Structure: The downtrend ended when the price broke the Key level at 0.83700.
Wait for the price to retest to confirm the uptrend, then you can find buying opportunities.
Profit target is 0.85000 price zone.
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Wish you all have a good trading day!
EURGBP All conditions filled for a riseEURGBP has been trading within a Channel Down since April 2021. Last Thursday, the price touched the bottom (Lower Lows trend-line) of that Channel and Friday posted a strong green 1D candle. This also formed a Bullish Cross on the 1D MACD. Every time the price reverses near the Lower Lows trend-line of the pattern and the 1D MACD makes a bullish cross, it is a signal for a rebound towards the top (Lower Highs trend-line) of the pattern. The previous topeed within the 0.618 - 0.786 Fibonacci zone. We are setting a 0.85000 target on this bullish leg within a 1 month horizon.
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EURGBP can move higher 🦐EURGBP on the daily chart is moving since April 21 in a descending channel at the bottom of a long downtrend.
A few attempts to break above the upper trendline have always failed and the same we can say for the lower one.
Recently the price reached an important monthly support and start to consolidate exactly over the lower trendline.
In this case, a pullback to the upside can be expected and IF the market will break above the resistance at the 0.83800 level we can set a nice long order according to the Plancton Academy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GOLD situation has changedThe situation with gold and the dollar has changed a bit.
Now I expect a fall to support.
The second goal is the second support level, it will be more difficult to reach it, so take part of the profit at the first level.
EURGBP Could be time for some buy back up?
***************************************************************************************
Hello there!
If you are keen to learn more on the technical setups,do visit my website at www.shadowingthebb.com !
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURGBP Supply And Demand Analysis-Price inside weekly/monthly demand so longs are valid.
-Price is currently reacting off of 4hr supply so short-term sells are valid with smaller risk.
-If price removes the current 4hr supply then we will have a nice 4hr DBR (drop base rally) demand pattern to buy a pullback
for a swing trade.
EURGBP meets strong Demand ZoneIn my last 2 ideas on EURGBP here and here I was short, and we went on to see a nice prolonged drop down to almost a 2 year low.
Now that price has touched the lower trendline and 12H RSI has dropped below 30, I believe a short term reversal could be imminent.
Price has also entered a strong Demand Zone that has seen 5 significant bounces from this area in previous years.
To maximize Risk/Reward I'm looking for a small drop further to 0.83175 for an entry point long, setting a stop loss at 0.82471 (which would represent the lowest price since June 2016), and setting a take profit at 0.84834. This represents a 2.35 R trade, which would require a 29.85% success rate to break even.
Note that this is a HIGH RISK trade at 2.35 R and this is NOT financial, trading or investment advice.
Waiting is part of the game***************************************************************************************
Hello there!
If you are keen to learn more on the technical setups,do visit my website at www.shadowingthebb.com !
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURGBP Long Setup - Jan 17 2022Due to TradingView's limitation on timeframe size, the most accurate Point and Figure charts are unable to be shared.
Trade idea is based on the $0.0005/3-box Reversal Point and Figure chart (1s timeframe)
Bullish Catapult pattern
Buy Stop @ 0.8365
Stop Loss @ 0.8340
Profit Target @ 0.8585
Move stop loss to break even or slightly into profit after 25 pips of profit are made. Trade valid until January 21st @ 1500 EST.
EURGBP ready for the bullish move? 🦐EURGBP on the daily chart is move since April 21 in a descending channel at the bottom of long downtrend.
A few attempts to break above the upper trendline has always failed and same we can say for the lower one.
Recently the price reached an important monthly support and start to consolidate exactly over the lower trendline.
In this case a pullback to the upside can be expected and IF the market will break above the resitance at the 0.83800 level we can set a nice long order according to the Plancton Academy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURGBP looking up 🦐 - UPDATEEURGBP on the 4h chart after pure previous analysis tested perfectly the support area.
The market is now grinding over a trendline and according to Plancton's strategy IF the price will break above and satisfy the academy rules we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURGBP looking for a monthly structure 🦐EURGBP on the 4h chart is trading above a weekly trendline near to a monthly support.
The price is trading over a 4h counter trendline and we can expect a break quick break below for the test of the underneath support.
According to Plancton's strategy if the price will bounce over it and satisfy the Academy rules we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURGBP Supply And Demand Analysis- Price low on the Sideways range/demand
-Price bouncing off of downward ML.
-Waiting for evidence of buyers on smaller timeframes
EURGBP bullish bounce! | 12th Jan 2022Prices are at pivot . We see the potential for a bounce at our buy entry at 0.83272 which is an area of Fibonacci confluences towards our Take Profit at 0.838 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci retracement . RSI is forecasting the bullish bounce.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURGBP bullish bounce! | 12th Jan 2022Prices are at pivot . We see the potential for a bounce at our buy entry at 0.83272 which is an area of Fibonacci confluences towards our Take Profit at 0.838 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci retracement . RSI is forecasting the bullish bounce.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURGBP bullish bounce! | 12th Jan 2022Prices are at pivot. We see the potential for a bounce at our buy entry at 0.83224 which is an area of Fibonacci confluences towards our Take Profit at 0.83872 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci retracement . RSI is forecasting the bullish bounce.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURGBP bullish bounce! | 12th Jan 2022Prices are at pivot. We see the potential for a bounce at our buy entry at 0.83275 which is an area of Fibonacci confluences towards our Take Profit at 0.83872 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci retracement. RSI is forecasting the bullish bounce.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURGBP may be going to reversalThe H4 and daily divergence show weakened bulls, with a triangle in H1. I will be waiting of the support rejection to buy a position.
EURGBP bullish bounce! | 6th Jan 2022Prices are consolidating in a channel pattern. We see a potential bounce from our buy entry at 0.83350 in line with 100% Fibonacci extension towards our Take Profit at 0.84734 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension . Divergence is spotted on RSI , further supporting the hypothesis that it may bounce.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GOLD X eurgold eur possible buy.. willit be pullback or trend change? will we follow to mean? lets see
