EURGBP push lower to 0.90000 handleHi,
I used to waste time, explaining my trades but then people would get them taken down as I self promoted (I've been put on the naughty stairs lmao)
So now, I just publish trades without explaining myself, so good luck trying to figure it out. ;-)
30 pips stop loss.
(This isn't financial advise)
Saif
Eurgbpforecast
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 - Big Long almost readyEURGBP is currently sitting at the bottom of big descending channel structure. In addition, this area also intersect with major daily TF inflection point to add more confluence. It already got a little rejected from the area right now. I need to see a bigger rejection on this one before taking any entry. I will wait for a little more leg higher and a break of bullish continuation pattern to confirm the move to the upside. Lets see
EURGBP Buy Setup1 Hr chart already show the sign of up trend and on last Friday the price retraced to support 0.898 before started to go up again.
Switch to 4H chart I see the uptrend is going to establish with MACD above 0 level.
So the play is I catch the 1H trend by holding buy position from 0.902 with stop loss under 0.901 and hope for 4H to make N shape pattern after breaking 0.907 with TP at 0.91 and 0.918.
EURGBP SELL FORM RESISTANCE FOR GREAT PROFITSAs we see EURGBP is in uptrend because of volatility in the EUR zone but here we ca see a strong resistance AHEAD
so we can enter sell here on this pair with a low risk and higher rewards
Friend help me to push like and comments it will be a great thanks
follow us for more updates
EurGbp- I remain bullishEurGbp is trading in a range with the pair being very well bided in 0.9 zone.
Yesterday the pair created a higher low on the short term time frame and a clear break above 0.91 should accelerate gains towards at least 0.9250 zone.
I will remain bullish on this pair as long as 0.9 holds
EurGbp- buyers are in a good positionAs I said yesterday, EurGbp found strong support above 0.9 and the correction from 0.93 recent high could be over.
The pair broke yesterday above down trend line resistance and now is trading stable above 0.91 psychological support.
In my opinion, dips towards 0.91 should be bought for a new restest of 0.93
Interim resistance is just above 0.92