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Eurgbpbuy

Against the Pound? Are you crazy? Let's see (videoanalysis)Hey guys, probably it could be insane to go against the pound strength (after the last week with an outstanding rally) but as usual i do my analysis without considering macroeconomics events are happening these days. And that's because we're traders, not analysts: here on the daily chart (left-hand side) you can see price has fallen and reached a key structure point (in oversold condition); therefore i know i can look for trading opportunities on lower timeframes in order to catch a "relief rally" out of this bigger movement. I know it's against the bigger trend so be safe when trading these setups, always follow your plan. P.S. I'm glad to announce my first weekly videoanalysis on my Youtube channel (link below) this week. Go there a subscribe (if you like the content)! Let me know you feedbacks, and don't forget to comment here if you want to say something. I'll let you know if i'm getting involved. Otherwise, see you in the next chart!
Long
by Roker1
3
EURGBP Perfect Sell Entry Thank You CarneyEURGBP on the daily shows a great sell entry. its testing a previous resistance and the resistance above it isnt that high. The best strategy to sell this pair is to begin slow. Start with a small position so that you have enough left to add some more every 40 pips spike. And if it goes down add more every 60 pips. The longer (around 2-3 weeks) target is 0.86. So be building your positions this way you will have a very very nice profit in the end. Also every time EURGBP got above 0.90 it went back down quickly. The BOE wont ever allow EURGBP get to parity because that would look to bad for them. they want GBP to stay the stronger currency.
Short
by JoshFX1
EURGBP Long Term BearishTake note that this is based on the weekly and monthly time frame, so that smaller time frames can still move up Time for a long term view on EURGBP on the weekly and monthly time frame. Whats very interesting about these time frames is that both shows a bearish wedge and are close to a resistance. Besides that the monthly also shows a possible double top. This double top will be confirmed if august closes red... So basically for a full sell signal you would have to wait till the monthly candle of august closes. Personally I lack the patience for it, if the same counts for you then just start with building up a small short positions. This way you will have plenty of margin to add more if it goes a bit up first and ofcourse to add more when it goes down. A safe stop would be at 0,9080 or 0,9120. Now this will look like a big stop loss of 100+ pips but remember that the higher you go in time frames the bigger the trading range. So automatically this also gives you a big stop loss. On the other side it also gives you a big take profit target :) The daily time frame show 0.8990 as stop. Take profit targets are 0,8780 and 0.8480 after that. So plenty of cash to be made if you have the patience to hold on the next months
Short
by JoshFX1
2
EURGBP Sell And Then Buy The Dip!On the 4 hour time frame for EURGBP we can see a very nice Elliot Wave structure. Currently we are in the 4th wave of a bullish Elliot structure. Its most likely that this wave down will approach the lower range before bouncing back up into its final 5th wave. On Stoch we also have a nice bearish crossover and the ADX shows a bearish claw. Supporting a down move towards the lower range which will get hit around 0.8880. Trading advice: Short with target of 0,8880. At this price take profit and enter your 1st buy position to catch the 5th wave with a target of 0.92 > 0.96
by JoshFX1
EURGBP right shoulder formingGuys..... For those who are trading sterling exposure, here is one to be looking at. Technically speaking, EUR/GBP began rolling over from a lower high starting in February. This may be the right shoulder of a head and shoulders top. Strong support at .83300 from the neckline, trend line and 50d moving average must be broken to confirm the top. We heard words out of Forbes yesterday implying the UK will be needing a rate hike in the coming months, this will be indicative for the waterfall event. She also believes that inflation is picking up faster than forecast. Our models suggest that Q1 2017 was a turning point for GBP pairs, this is going to be confirmed b a break below support suggesting EUR/GBP will fall to .7500.
Short
by TheBanker
9
EURGBP Market Analysis and Trading Tips 17th August 2016Traders, We have had a great amount of success over the past few, with focus on usd/jpy and the BOJ as see in the related ideas, long may this streak continue! SUMMARY: The EURGBP pair bounced slightly during the course of the day Tuesday, using the 0.8639 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.8655 Support at the level of 0.8639. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. All the best with this pair and please do not over leverage, we can keep a tight sl on this. GL www.tradingsignalreviews.com
Short
by TheBanker
6