EURGBP updatebreaking the line for EURGBP should bring the bears back in but i am expecting this to go back up
Eurgbpbullish
EURGBP - Long OpportunityPrice broke the downtrend line with a very strong push within the uptrend line of the daily chart. Now, it gave us a strong pin bar located between the 50/61,8% region of Fibonacci retraction. I`m going long.
Intraday Trade-EURGBP BuyWhy Buy-
1) Weekly Trend Is UP
2) Price taken support from Short Term Trendline
3) Price has taken multiple support from 200 days EMA
4) Weekly Candle is Bullish Engulfing
Buy EURGBP Heading Towards 1.618 Extension (DAILY)Price bounce from mid trading range and channel zone heading towards 1.618 extension of lowest low and following higher high.
1.618 extension is also upper resistance.
1.272 extension turned into support from previous resistance
You can take the buy and set your target to that area or wait for price to reach that point and watch for potential sell reversal set-up.
Higher probability of the big boys pushing price to that area for that exact reason.
Negative correlation with EURUSD as it heads down - link to related EURUSD idea below.
Risk/Reward 1:1.5
EURGBP now in multiple resistance zoneEURGBP now in multiple resistance zone. If Price Break then level then goes up for next target zone.
WHOAAAH Just Catch a Nice Long on Eurgbp pairsHi traders ... We Found nice rejection on trendline . Hope to see a 200pips bearic move . Lets ride .
EUR-GBP ( Buy Position Daily Chart )As you can see, after price reached the low level and came up and there is more power that price comes up again
Good luck! :)
Follow Me: Inverted Head & Shoulders on EUR/GBPAn inverted Head and Shoulders just completed on EUR/GBP as well as breaking the current down trend.
Looks like a good opportunity for a long.
EUR/GBP Buy Trend OpportunityCurrent market of the EUR/GBP breakout's it's support price @ 0.86691. Now there is a good opportunity to go buy until price @ 0.89205
EURGBP right on major resistance, potential drop!EURGBP is now testing major resistance at 0.8911 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong drop could occur from this level to push price down to 0.8747 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP is reacting nicely off major resistance,bearish potentialEURGBP has reacted nicely off major resistance at 0.8911 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could continue from this level to push price down towards 0.8747 support (Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 95% where it reacted nicely off. Huge downside potential for a further drop.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP testing major resistance, potential reversal!EURGBP is now testing major resistance at 0.8911 (38.2% Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level to push price down to at least 0.8747 support (Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP right on major support, prepare for a bounce!EURGBP is now testing major support at 0.8766 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a bullish bounce could occur at this level pushing price up to at least 0.8914 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (21,5,3) is seeing major support above 4.3% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP back to major support, potential upcoming bouncePrice is back to major support at 0.8842 (Fibonacci retracement, horizontal overlap support) and a strong bounce could potentially occur at this level to push price up to at least 0.8972 resistance (Fibonacci extension, channel resistance, horizontal swing high resistance). Our next major leve of support is at 0.8786 (Fibonacci retracement, swing low support).
Stochastic (34,5,3) is seeing major support above 4.3% where a potential corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP Bullish Reversal AheadEURGBP on the daily time frame shows that we soon might see a bullish reversal. Currently it still shows a double bottom which might turn into a triple bottom. You can either wait for another 20-25 pips before you start buying or buy now and use a bit bigger stop loss.
Entry: CMP
TP: 0,8880
SL: 0.8740
EURGBP Long PositionThis trade is a Weekly Options position and expires on Friday at US market close.
EURGBP Long IdeaPending Long @ 0.9210
Stop Loss @ 0.9160
Target @ 0.9325
RR Ratio @ 2.3
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
EURGBP - Bullish GartleyWe have a bullish Gartley setting up on the EURGBP with an entry that aligns with previous structure.
There is nothing bullish about the Pound, and if Mario Draghi fails to specifically address the exchange rate/detailed monetary policy again tonight then we should see further upside to this pair.
All the best,
Mase.
Patience is virtue with this annoying pairAfter forming a fakey bar on the daily time frame, this Forex pair took me out of my trade just to have another price rejection in which I did re-enter again a long trade. For four trading days, this pair has been going on sideways which was slightly tempting me to close the trade at Breakeven,.. not closing it was a good decision. Plus I also noticed the inside bar formation on weekly time frame.
This pair has been trying hard to push the price higher and higher.
