EURGBP (9.10.2020) BUYSTOP TRADE IDEA BY SABAHFOREX2. EURGBP (9.10.2020) BUYSTOP
ENTRY 0.91195
SL. 0.90695
TP1 0.91145
TP2 0.91695
TP3 0.91945
TP4 0.92195
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Eurgbpbullish
EurGbp- New challenge of 0.93?The drop from 0.93 to 0.9 zone is clearly corrective in nature and after piercing through 0.9050 support, the pair reversed and looks like is resuming its up move.
EurGbp is facing a confluence of the trend line of the flag and horizontal resistance and a break here would accelerate gains for a new challenge of 0.93 recent top.
A dive back under 0.91 would put the pair in a range mood and give reason for a pause
EurGbp- I expect a new leg upEurGbp had a good run from 0.8860 to 0.9300 and after this a correction was normal.
This correction seems to be a simple ABCD pattern and I expect a new leg up from this pair
Dips above 0.9 should be bought and 0.9250 zone could be the target
EURGBP is waiting for a upside breakoutEURGBP
On political front the cable has loses some earlier gain against its counterpart Euro. Though the selling of Euro has happened due to the overbought condition on many euro pairs such is EURUSD, EURJPY, EURCAD
This pair is currently trading at the upside trend line resistance. Once this tree broken we can buy this pair up to 0.90800 which is a previous month high and the low liquidity zone where the buyers will close their buy positions and will wait for the short term bearish correction
The price is trading zone the 50,100 Exponential moving average and 200 EMA is currently acting as resistance for the bull
At 0.89600 level we can see a inverted hammer candle and a bullish engulfing candle which is a confirmation of further bullish trend
On longer time frame the price is thrust above the 50% Fibonacci retracement level. At 0.90800 the minor trend line resistance will be formed. An this is the thin volume area
0.90000 is a major psychological level will act as a resistance too
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EUR/GBP Technical Analysis
The counter is now on the verge of completing a 3-wave bear cycle.
It is now approaching a strong demand zone which also coincides with the 61.8% retracement of the entire rally.
We expect the pair to kickstart a fresh bull cycle from here.
EUR/GBP Technical AnalysisThe counter is currently consolidating in a wedge pattern.
It hit the lower end of the range, formed an exhaustion candle and rose up sharply.
Now, it is sliding to a demand zone where we expect buying activity to resume in the counter.
EURGBP approaching support level, uptrend likely to resumeEURGBP is approaching the support level. As long as price stays above the 0.89 level, the uptrend can resume very soon.
Price is also above the 100-day EMA, which means that the uptrend is still intact.
Buying at the support level that I have highlighted in my chart and targeting the 0.9150 level would be a good idea for the buyers.
EUR/GBP - making its mind up this week? - short term bullishEUR/GBP has seen some choppy movement over the past couple of weeks, with price seemingly breaking to the upside and then reversing to the downside.
Taking a step back, on the weekly time frame price action still looks quite bullish, with an ascending trend zone stemming from the lows of 2015.
On the daily time frame, it could be argued that price is currently posting a lower high, with respect to the high that was posted in March. However, price also seems to be respecting a new ascending daily trend line, which has recently formed a confluence with both the strong support at 0.9000 and the 50 DAY EMA. We therefore remain bullish on this currency pair in the short term and are expecting a retest of the highs at 0.91349.
Eurgbp Long BuyDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
EURGBP ANALYSIS & FORECASTWe can tell from the red lines that the market will do a pullback in the actual line or the upper red line,
Please share with me your thoughts,
EURGBP approaching support, potential for a further rise!
EURGBP approaching support at 0.90144 where it could potentially rise further to 0.90537.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP approaching support, potential for a further rise!
EURGBP approaching support at 0.90144 where it could potentially rise further to 0.90537.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP bounced from support, potential for a further rise!
EURGBP bounced off 0.90205 where it could potentially rise further to 0.90637.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Eurgbp Swing setup for 0.95 and high!!!! It can go all the way for new highs.. All higher time frames are bullish!!!!
I think it can go 0.98 and even high!!! As far as 0.8936 holds... It will go up
EURGBP LONGStructure broke and is retesting to a critical level. Forming not a convincingly strong but viable cup and handle structure.
EURGBP (LONG) TIMEFRAME 4H (INTRADÍA)POSIBLE ESCENARIO GENTE (4H):
* Respetando Tendencia Alcista
* Fibonacci zona del 50% - Zona Importante
* Linea de Tendencia Alcista
3 TAKE PROFIT - En zonas de Fibonacci.
***RECUERDEN*** Siempre operamos con poco SL cuando la entrada es buena - Riesgo 3:1
EUR/GBP Wave Analysis
After dismal data from Britain, EUR/GBP was off to the flyers yesterday.
It could be interpreted as a wave pattern and is now forming wave 4.
Further, it is close to a congestion zone which could act as strong support.
Hence, we expect the pair to be bullish in the near-term.
