Eurgbpdaily
EURGBP: HEAD & SHOULDER PATTERNEUR/GBP has made the head and shoulders pattern on the daily timeframe.
After breaking the neckline, it's moving to reach 0.8776 - 0.8700 .
But if it starts to move upside by crossing the neckline, then it's a failure of the head and shoulders pattern. And targets are as followings levels 0.8906 - 0.8946 .
EURGBP SWING SHORT** The GBP has been strong for some days. Looking at technicals, we see that price has rejected a Daily Supply zone and starting to bounce off it.
** Remember that supply and Demand will always win so i expect price to rally down to our next Daily Demand zone withh TP around 0.87260 before deciding on what to do next.
** Please Like and Leave a comment if you found this helpful or have a contrary opinion, we are all students 😉
EURGBP : CHERRY WINEHi traders,
(This trade was suggested to students yesterday 2017-10-19)
This is by far the most simplest technical trade of the recent weeks... This means that there isn't much to say that you cannot see on this chart.
MACD FAKE OUT
RSI MIXED SIGNAL
ORDER BLOCK
EUR FAKE RALLY
Here's what I'm suggesting :
EURGBP SHORT:
ENTRY : 0.89898
SL : 0.90674
TP : 0.87799
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
EURGBP Short - Hammer the price down!!!!!!!!!!!!!!!Price action at daily resistance. ALSOOOO, the RSI is Overbought @ over 80. (TECHNICALS ARE NOW ALIGNED)
Brexit woesss!! - Too much negativity so far from the negotiations UK government are producing to EUR
Sellers should enter the market by friday. Expecting some positive fundamentals for GBP this week and next week.
$$ Take profit at a psychological number $$ but could reach previous support
SL: 0.93030
Entry: 0.92285
TP: 0.91000