EURGBP possibile shortHi Traders,
This is our view on this cross for the next few days.
#EURGBP
SELL 0.88148
SL 0.88460
TP 0.87548
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
Eurgbpforecast
EURGBP - CURRENTLY IN DISCOUNT PRICETechnical Overview: - EUR/GBP
We had seen the bearish run down raiding the support level at 0.88500
many buyers and sellers were interested in this very special level.
Due to the fact that the market likes to move where there is liquidity, it is no surprise that we raid this very key lows.
Many of us are taught to buy where price is mostly rejecting, and that's exactly what the big banks want you to believe.
We were anticipating this raid to the downside clearing all buyers and sellers before we can look for buy opportunities.
It is very crucial to point out that we are in discount pricing meaning price is oversold, thus giving us a chance to look for buy potential.
We do anticipate price to come down lower from a smaller time frame, however higher time frame we are using this as a chance to buy these deals!
Remember this is our free analysis!
To learn more find out below.
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Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
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Trade with the manipulation👾
EURGBP SHORT PRICE ACTION FORECAST The euro has been playing on the bearish foot the whole week. While under seller pressure, the pair EURGBP shows some pullback conditions towards the broken level close to the descendent trendline to continues its bearish movement. Potential risk-reward ratio 1:5
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EURGBP H4 TIMEFRAME ANALYSIS 3R TARGETAs you can see from the chart we wait for the price to reach the key support level near the two green lines near the lower channel line. We buy this pair expecting it to fuel higher up to the upper channel line before it does what it is known to do as usual. As you can see this week we are already in a good profit from our previous analysis, this is actually fantastic. We hope you will also get phenomenal rewards on this. Just stay with us. (Disclaimer, invest at your own risk). This is our view. What is your view on this pair?
EURGBP TECHNICAL ANALYSIS: SHORT POSITION +70 PIPSEURGBP on my last analysis on the weekly chart, managed to break above the strong structure, so I'm personally looking for sell opportunities to enter in the market. The pair ranged between 0.89200 - 0.88680 and now was able to breakdown and is currently retesting the new resistance, if the resistance gets clearly rejected and we can see a possible down continuation i will open a sell position, until the formation of a new lower low.
EURGBP TECHNICAL ANALYSIS; +200 PIPS MOVE WEEKLYOn the weekly chart the pair move in a range between 0.92230 and 0.88600, the resistance at 0.99230 hold perfectly and EURGBP didn't managed to form new highs, the support seems to be breaking and if we have the confirms that the support transforms into resistance (clear retest of key level: 0.88600 without breaking through) we might expect the formation of a bearish structure until 0.86780 key point.