Eurgbpbuy
EURGBP, tries to break the strong support, LongEURGBP, tries to break the support but the momentum is WEAK.
+ Oversold
+ The Momentum is weak
+ The price action tells further advance
EURGBP BUYSTOPeurgbp is consolidating and its in a correction move wait for the 3rd touch in small support area and take a buy order , as expected it will break impulsively and will give good profits ( I anlysed it for hours and its expected to move up according to my analysis ) MULTIPLE TIMEFRAME ANALYSIS
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FALCON STRATEGY
EURGBP BUYA downtrend is likely to reverse now as it is having multiple touches in downtrend and now it touched the weekly trend line and a strong bullish candle is formed in 1H time frame , put a buy limit few pips above the small 1H structure amd then be patient 🙌
Bullish Alt Bat PatternEURGBP BULLISH ALT BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (0.89339)
Take-Profit 1: (0.89832)
Take-Profit 2: (0.90225)
Stop-Loss: (0.88817)
Max Risk-Reward: (1.70)
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EURGBP - SWING - 30. DECE. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bearish turn after strong bullish pressure.
4 HOUR
Good long enties, prices moving within our range now.
DAILY
Overall bullish market in a pullback.
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FOREX SWING
BUY EURGBP
ENTRY LEVEL @ 0.90290
SL @ 0.89670
TP @ 0.91870
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
EURGBP BUYThis is EURGBP 4H timeframe analysis, i'm expecting the market to but to the previous resistance level.
EURGBP, 4hr tf, buy wave-3 extension towards 0.9280Hello my friends,
Another trading plan for next week is EURGBP.
After price breaking above the descending trendline, this pair has gone up aggresively and i think there is still more to it.
Right now price retracing a little bit after going up for around 240 pips from 0.8980 to 0.9230.
This retracement is only a healthy correction as long as price hold above 0.9080-0.9060.
We could see further weakness if price failed to hold above that 0.9080-60 area.
I tried to break down this recent upwards movement with Elliott Wave theory and price currently retracing for wave-iv after completing wave-iii.
If we look from daily timeframe, price also closed above 0.9150 which served as resistance.
Hence, taking a buy position on a correction towards 0.9100-0.9090 looks promising.
Buy EURGBP 0.9100
Stop loss 0.9060
Take profit 0.9280 (4.5R)
RR Ratio 1 : 4.5
Use only 1-2% risk
Good luck
EURGBP BUY PLANEURGBP H4 CHART.
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EurGbp- will it finally reverse?Since mid-September top at 0.93, EurGbp's evolution has been very frustrating, with one day up, one day down, 2-3 days down, then reverse strongly, etc
The pair managed to drop almost 500 pips in this manner, but trading it was more of a gamble...
Now I think Eur finally reached an important bottom, support that acted as resistance/support all 2020.
The pair broke above the descending trend-line now and, if we look at the weekly chart, we can clearly see a bullish engulfing candle formation.
I'm bullish on this pair and I will look for opportunities to buy for a 0.9150 target
EUR/GBP Technical Analysis
The counter has been in a steady decline for the last 3 months.
Now, it has hit a strong support level which could trigger some profit booking.
Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.
Hence, we expect the pair to be bullish in the short-term.
EURGBP Long / Expecting a weaker GBP to start the weekHey all! I hope your weekend was superb, now lets get back to making money!
We are going to execute a EURGBP long in the early Monday market open and the reasons are,
- GBP looks weak vs USD and other pairs (IMO)
- RSI is low and meets our entry cretaria (with the fibs)
- Price is at the 38.2 / 30 support zone and already rejected it ones
- The bearish trend is loosing steam!
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
EURGBP 60 PIP BUY Looking at a 60 pip rise on EURGBP . Price is currently situated at the 0.368 fib level, alongside this we also have an intersection of two trends. The trend line showing bullish momentum i believe will have the upper hand due to the strength of the overall trend. Furthermore in perspective it is also forming a long term pennant , however due to the strong bullish momentum beforehand i believe this will continue bullish once broken. At this intersection point we have already seen a slight rejection and the RSI (10) showed an oversold condition at this point. Unfortunately 200 EMA is not showing much however with the points stated i can see EURGBP returning to a short term bullish trend to the upside of the pennant to test it once more. Taking this into consideration i will look for further entries. With price situated at the 0.368 fib level and being at a signifcant point in two sections of trends i can see price rising once more. TP is currently set at 60 PIPS where as the SL is set at 35 PIPS
EURGBP LONG Hello everyone, eurpound is preparing for a nice long opportunity as well, lets see how things will play out make sure you manage your trades correct, CRITICAL WEEK ahead of us! BE SAFE!
