EURGBP W3 MAY 2020EURGBP W3 MAY 2020
Long Setup
Resistance has broken significantly, a retest would be expected before a long
Eurgbpbuy
FIRST TARGET IN THE WAYwe see powerfull up trand in this year de u to corona and brexit
last week eurgbp broke the resistance
we keeping buy frome 0.87500 for first target in 0.91000
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MAX+
EURGBP has LONG Potential trading above 0.8848/ 0.88511Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you and Happy trading.
EURGBP Idea primera Idea para la primer semana de mayo. El análisis esta fundamentado en soporte y resistencia "operando zonas de consolidación", ademas se usa un FIBO para medir el posible retroceso y de esta manera tener una entrada muy limpia y segura. también nos apoyamos de medias móviles buscando que el precio vaya en busca de las medias móviles para tomar un impulso a la alza.
EURGBP Long Update.One of my last trade seems good still.
This is small update.
Reason is ICI on W1 + confluence of my Price action strategy on H4.
EURGBP - DAILY CHART - BUY SETUPEurgbp - Daily chart - I see price bouncing from a daily demand zone so looking to take longs on retests of hourly demand zones.
EURGBP BUYI've added notes to the chart that validate why I believe this is a buy opportunity based off of using the Elliott Wave Theory.
I believe we are in a corrective structure of a regular flat (3-3-5), moving into wave C.
Price is currently sitting in a demand zone.
EURGBP 4HR Buy IdeaI need to be more confident about posting my ideas. Just checked this idea and even I missed out! Let's see what happens after the next candle formation and see if there will be support or resistance. If a nice bullish candle forms then its conformation of support so we can try to get in on some pips! All I ever do is use simple clean support and resistance analysis and check the forex news. Simple, clear and understandable 🤓
EURGBP: Bullish Technicals and Fundamentals 4H (Apr. 21)X FORCE GLOBAL ANALYSIS:
In this analysis, we explore the bullish probabilities of EUR/GBP based on the bullish evidence suggested by technicals and fundamentals.
Technicals
- We have seen a breakout from the bullish falling wedge pattern
- After Elliott Triangle Wave (ABCDE) counts to Wave E, we formed a double bottom
- The Relative Strength Index (RSI) shows higher lows, as a sign of trend strength
- The Moving Average Convergence Divergence (MACD), despite not showing tremendous momentum, shows an uptrend
Fundamentals
- The United Kingdom runs a large current account deficit, which makes the pound vulnerable as capital flows faded at the height of the Corona Virus (Covid-19) driven risk sell-off
- GBP remains fundamentally undervalued with a significant Brexit discount still attached
- With the COVID-19, both the EU and the UK have been preoccupied with issues other than Brexit trade agreement talks; this increases the risk of a big negative UK trade shock in 2021
What We Believe
We believe in a higher probability for a further bullish rally for EUR/GBP based on the bullish technicals and fundamentals
Trade Safe.
EURGBP - SWING - 20. APR. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bullish reaction after bearish run.
4 HOUR
Prices moving back above main sr zone and following midterm trend.
DAILY
Absolute slowdown, expecting some pressure to the upside now!
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FOREX SWING
BUY EURGBP
ENTRY LEVEL @ 0.87230
SL @ 0.86870
TP @ 0.87730
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURGBP possible LONG3H time frame - you can see a falling wedge which is a bullish continuation pattern,
we also have a daily uptrend + on the daily we have also pulled back nicely to the 0.618 fib area, i expect a break out of the wedge, re test then a possible long
This set up is nearly a mirror image of EURAUD too!
EURGBP possible BUYGood opportunity to buy #EURGBP.
Price makes a good Elliot Wave pattern. Now touched the 61% of Fibo.
Let's wait for it to break the trendline to enter Long
SL 0.85880
TP 0.89731
EUR/GBP, we can see a Bullish movement this weekThe British Pound showed us weakness in the past few days. We expect the price to bounce and make pullback at least to the 0.90000 area, where the price can find some resistance.
EURGBP WILL NEED BIGGER SLHI, TRADERS
MY NAME IS KD
TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :)
YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
HAPPY TRADING~
_________________________________________________
WANT TO LEARN MORE OR RECEIVE ACCURATE AND IMMEDIATE SIGNAL?
Telegram: KDEZ00
EURGBP LONGHello traders!
Looks like another opportunity is coming!
Wait till confirmation. If it breaks where I marked we can go LONG.
Impulse - Correction - Impulse
And after if the price will complete the first structure we will try to find the second entry after correction.
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
EURGBP H4 Buy; Trend ReversalEURGBP Buy
Entry Price : 0.87798
Profit Target : 3.50%
Stop Loss : 1.25%
EURGBP LONGHello!
How is your weekend? I hope everything is fine and you are safe!
So the market opened with a small gap and the price is moving up.
I'm looking for an opportunity to buy as you can see in the chart.
I will wait for some confirmation: 1. The price will break the trend line; 2. The price will bounce few more times to support level; 3. High momentum to UP
Let's see how it plays.
Risk ratio 7:1, really good opportunity.
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
EURGBP, BUY on H4- Above Mirror Level
- short downward channel
- wait for confirmation after the breakout
