Price formation played out. Analysis details on the chart. Currency pair: OANDA:EURGBP Cheers, G.
Hello traders Here we have EURGBP, what do you see? What I see is a descending pattern, hopefully looking for a breakout this week. Will be watching the support and waiting for a break to the upside. Monthly chart shows a wedge opening. Weekly shows this area marked as a strong support zone but weaker as resistance Daily shows a retrace to the 0.618 fibonacci...
i predict the price to make support > resistance below the yellow line..after that we will follow the price if it will continue or reverse. OTHER SCENARIO: If price breaks above red line making it a support then short position is void and we will look for buy opportunities when price retest red line and more better yellow line.
supply demand trading ideas ,,, gbpjpy 500 pips moe expected next week
More strength possible for EUR/GBP first target 0,8863.
This hasn't changed yet, just looks better. Looking to trend line
HERE WE GO LADIES & GENTS - PLEASE REFER TO MY OLDER POSTS AS WE HAVE BEEN ANTICIPATING THIS DROP. Jerome's dumbass will soon probably load the wrong kind of paper in the printer resulting in a fire that will take a couple of days/weeks to extinguish. More than enough time to liquidate SPXU // SPY Puts. Big swings to come, get ready. PAY CLOSE ATTENTION...
Seriously, since this past month or so of trading, my forehead is starting to get lines. Looked it up, seems botox is my only solution (not happening).. After playing around in the mirror, the lines are clearly coming from when I make my, "holy shit, are you serious?" face. I've had to make that face too many times recently, so I'm expanding my horizons to open...
I know I posted a sell setup, but it right now it is breaking out a small flag as a buy. But when I look at the actual structure and wave count, a running triangle checks out. Obviously the better trade would be the sell when "E" breaks trend line. It is possible that its a flag to sell on 1hr, but it needs to break out to consider sell entry.
EUR/GBP Sensitive long position (95%) after decisive breakout. - Economic demonstration: The EURO is in a very good shape, the GBP is decreasing day after day this week, bad news for GBP indice all arround this last weeks. It is then the moment for breakout for a very long position. - Technical Analysis in the chart.
potential harmonic gartley formation on EURGBP. the price is currently on its way to a D point of the pattern. 0.8845 - 0.8863 is our sell zone: it is based on 1.272 extension of AB leg, 4H and Daily structure. stop will lie strictly above the zone: 0.8885 targets: 0.879 / 0.8744 if the price drops and violates the A point, pattern will be invalid!
With the huge pin bar that just appeared and the fact that the 0.8689 support has been tested severally in recent times, I believe it's time to break that support. It might be time to go short here for some pips.
We've broken above a heavy reacted support/resistance line. However, we have a couple of recent false breakouts. So, I'd wait for a retest and confirmation candle on a 4H timeframe before going into a buy.
EUR/GBP price has bounced from many times tested Support line and now is heading up to test Resistance line of Descending Triangle. When the price will be close to the Resistance Line we will monitor the indicators and sentiments to understand if Bulls have the power of breaking Resistance. Right now we are entering Long for some quick pips. Good luck !
The EUR GBP is following the bullish trend line that acts as a support level, look at the tails of candles once the market reaches this level , tails means rejection which indicate the beginning of a new move. If the market could break the the next resistance level which is also a strong supply zone, the market is most likely to reach the the next resistance...