Eur_gbp
EUR/GBP ready for falling to get profit!!!EUR/GBP is ready to get profit . It broken uptrend and falling down.you can get start trade below 0.88469 . TP is 0.87010 , SL is 0.89245.
Enjoy trade and get best profit.
EUR/GBP (Daily Chart) - H&S BreakdownThis pair managed to break above its downtrend line, but unfortunately was unable to break above the price swing high.
Upon hitting that resistance, price did manage to break above for a few bars, but eventually gave up and formed a bearish H&S pattern and headed south instead.
After the neckline of the H&S broke down, which was a major bearish sign, the odds now greatly favour the shorts.
I will be looking to go short on pullbacks.
EUR_GBP: Short Trade Set-up ideaSell the Euro till the bottom of support.
Then brace for the next big move up.
EUR/GBP EUR/GBP bounced off from the 0.88632 level (23.6% fibonacci level on 4h chart). Probably heading to resistance at 0.89118 might bounce off from that zone or could continue moving up till the next sell off zone on the daily chart at 0.895 to 0.902. The stoch will probably head further to the overbought zone. We are probably in the 5th elliot wave going up.
Target: 0.89079
Stop loss: 0.88506
EUR/GBP - Daily chart, probably situation after BREXITThis is my last idea in #EURGBP after #BREXIT.
We need to wait a little correction by the "bears", and after we can enter in this strategy.
RISK REWARD RATIO: 3.63
Entering Channel: 0.80200 -> 0.8300
Take Profit 1:0.8400
Take Profit 2: 0.8500
Take Profit 3:0.8600
Stop Loss: 07860
EUR/GBP Brexit Week.At the moment the EUR/GBP favours a slight bearish basis. This is based on its prolonged period of sideward movement and the price heading towards the previous higher high from the last sideward movement (box3).
Since mid February the EUR/GBP has had clear support and resistance channels that have been respected. If one of these lines break then expect a bullish or bearish trend. Own research required.
Enjoy.
EUR/GBP Dailyshe's going down :).....
Earlier looked like head & shoulder
Current candle stick pattern==falling three methods
She should be heading south from here back to 0.7300
EUR/GBP MonthlyAnalysing EUR/GBP on a monthly chart it is in a down trend. Having just hit the top of the trend line, this is also a 61% fib retrace from points ABC. You could now expect a continuation to my targets of T1= 0.69167 and if we manage to get beyond this we could be looking at T2= 0.64303.
EUR/GBP Descending TriangleLast week I posted a bullish pattern on the EUR/GBP daily chart. Prices rose slightly after that but have since then formed a descending triangle topping pattern on the hourly chart. A break below 0.7860 would indicate a sell signal.
EUR/GBP Short IdeaA potential big short for EUR/GBP , AO turning into negative territory. 200 MA breached
EUR/GBP LongEUR/GBP has been in a strong uptrend since November without giving a decent pullback for re-rentry until recently. A bullish candle on friday suggests the uptrend could resume next week. Stochastics are also starting to curl upward from oversold levels. Buying with a stop below the recent swing low provides a good R/R opportunity.
EUR/GBP Possible Bearish Butterfly?Ok, the first time I've published something here. I noticed a lot of people think this pair is about ready to go up before it eventually declines so I'm posting a contrary opinion based on a possible harmonic pattern. I'm a new trader so any constructive comments about my analysis are greatly appreciated. UK markets closed Monday for May Day Holiday so it seems only EUR trading may affect this pair initially. I'm curious to hear people's thoughts. Thank you!
