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Eur-gbp

EUR/GBP on a Critical ZoneGood morning traders. Today we bring you the analysis of a pair that we consider interesting for the medium term. This is EUR / GBP. 🔸What we can see in the daily timeframe is that, in September, the price was rejected in the resistance zone, and slowly generated a bearish movement that broke the bullish channel. 🔸That breakout was somewhat tempting to take a bearish position, but we detected that there is a very strong support zone nearby. It is where the price is right now. 🔸We consider that this zone is critical since the last time the price was in this zone it generated a big upward movement. 🔸What we are waiting for is a break in the current zone, and a consolidation of the price below that confirms the break. 🔸In case of a bearish movement, it has a lot of downside potential. The first target is the 0.87000 zone, and then the 0.83000 zone. 🔸In the following chart it is seen in a higher timeframe how clearly every time the price rebounded from the Major Resistance zone, it fell abruptly. That is the basis of our analysis.
Short
by ThinkingAntsOk
EURGBP Monthly/Weekly/Daily analysis 🦐Full video analysis of EURGBP --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
by InkyGrip
4
EURGBP bounces over a daily support🦐URGBP on the daily chart is moving inside a descending channel . The market after touching the weekly support at the 0.88700 area bounces over it. On the 4h chart, the price retraced at the 0.5 Fibonacci level inside a minor descending channel. If the market will break and close above the resistance structure and consequently break the channel, will set a nice long order according to Plancton's strategy. --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
8
EURGBP bounces over a weekly support 🦐EURGBP on the daily chart is moving inside a descending channel. The market after touching the weekly support at the 0.88700 area bounces over it. On the 4h chart, the price retraced exactly at the 0.382 Fibonacci level. If the market will break and close above the structure we will set a nice long order according to Plancton's strategy. --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
4
EURGBP bounce over a weekly resistance🦐EURGBP after breaking below the descending channel found support exactly over a weekly support. The price bounce and created an inverted head and shoulder. IF the price will break above the neckline we will set a nice long order according to Plancton's strategy- ––––– 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. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
2
EUR/GBP Trade Idea and Multi Timeframe ExplanationTRADE IDEA EXPLANATION: - Referring to the 4H chart, what we will look for to get involved in this pair is what we indicated on the chart. - After the break of the Ascending Channel, we expect a penetration of the Support Zone and a Corrective Pattern (Flag, Pennant, Zig-Zag, triangle). - If this is formed, we will place our bearish position after the breakout of the structure, and the stop loss above it. - The target of the movement will be the next Support zone (0.87000.) CONTEXT EXPLANATION: - The first step is to start with the a higher timeframe chart, in this case the Weekly Chart. Here we see that the price faced a resistance zone where it was rejected multiple times. - After the last rejection, the price makes a correction of type A B C, which can be traced within a bullish channel. Within that movement there were no clear trends, so we did not execute any trade. - Now, we can see that this channel has been broken to the downside with a strong move. - The first target of the bearish movement is the Support zone at 0.87000. - Then, if this zone is broken down, the next zone is the Support zone at 0.82000
Short
by ThinkingAntsOk
EURGBP at the 0.786 fib retracement 🦐EURGBP on the daily chart after hitting the recent highs over a monthly resistance started a retracement move inside a channel. The price hit now the 0.786 over a daily support. IF the price will break above the structure at 0.90 area we will set a nice long order according to Plancton's strategy. ––––– 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.
Long
by InkyGrip
14
EURGBP - SWING - 05. NOVE. 2020Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Very bullish price action and pressure. 4 HOUR Expecting further upside movement from this pair! DAILY Overall market turned bullish, following this trend. - FOREX SWING BUY EURGBP ENTRY LEVEL @ 0.90310 SL @ 0.89900 TP @ 0.90920 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
16
EURGBP rejected by a weekly resistance 🦐EURGBP on the daily chart is moving inside a descending channel within a bigger ascending channel. The price after touching the lower trendline bounce until the weekly resistance area at 0.90600. IF the price will break and retest the support structure at 0.89700 and consequently break the channel, we will set a nice short order according to Plancton's strategy. -––– 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.
Short
by InkyGrip
16