EURGBP long opportunity EURGBP has broken the channel to the upside and the market is looking quite bullish. It will be best to buy this pair in retracement. When the market goes and retests the 0.382 or 0.5 fibo watch on 4H for a long opportunity.
Eurgbpforecast
The necessity of confirmation for the Ending Diagonal patternThe necessity of confirmation for the Ending Diagonal pattern completion
This week the best currency for trading is EURGBP. And as we mentioned in the previous analysis, there is a probability that the 5th wave of from Ending Diagonal pattern has ended in the range of 0.9022.
In order to have confirmation for the completion of this pattern, the price requires to cross the range of 0.9112 (end of 4th wave).
The initial target of this uptrend would be 0.9450
EurGbp- back to 0.93?After the strong rally at the beginning of September, EurGbp corrected and consolidated for more than a month now.
The pair seems to have found strong support just above the important 0.9 zone and now looks ready for a new leg up.
Dips should be bought for this pair and bulls can expect 0.93 as a target.
A daily close under 0.9 would negate this outlook.
What i think for Eur / GBP the price have reached a strong resistance Area trying to break the symmetrical triangle to go up but i think it will retest the lower line again before going up
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Ending Diagonal pattern and uptrendThe formation of a probable Ending Diagonal pattern and the possibility of the advent of a very large uptrend is existed.
The first ascending wave from the 3rduptrend is completed in the range of 0.9291, and the price in a corrective movement of this trend at the end of the C wave from the ii point is completing the Ending Diagonal pattern. There is a scenario that we initially have the formation of a very short and temporary downtrend to the range of 0.9000 to0.8990 and then in continuation with a quick momentum the price hit the targets of 0.9500 area.
* It should be noted that, if the price can cross the range of 0.9163, the uptrend formation is confirmed and the Ending Diagonal the pattern is completed in the range of 0.9008.
** The analysis will be included in the daily chart soon.**
EURGBP SWING TRADE of the day 13-Oct-2020EURGBP
It has reached lower side of the support level and unable to break the level and forming a nice triangle pattern. And the negative brexit headlines
are supporting the long for EUR.We can expect the price will reach 0.91320 which is the trend line resistance zone. If the price broke to the downside then
we can expect massive downward rally.at the time of writing it is forming a nice bullish engulfing pattern. Stop lose may placed below the 0.89820 level
SWING TRADE-EURGBP
Entry point @ 0.90490
Take profit @ 0.91620
Stop lose @ 0.89820
Don't risk more than 1% of your capital
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EUR/GBP BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we need to wait for a confirmation.
EUR/GBP: Day-Swingtrade-Preparation
Market-Buy: 0,90715
Stop-Loss: 0,90080
Target 1: 0,91400
Target 2: 0,91670
Target 3: 0,92175
Stop-Loss: 63,5 pips
Risk: 0,5-1%
Risk-Reward: 2,30
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EUR/GBPEUR / GBP has a flag pattern, plus in a strong uptrend, plus it has an upper triangle, so for now nothing is stopping this pair from going up.
EURGBP SELL OPPORTUNITY Eurgbp is seen currently in a parallel channel and a rejection f the upper trendline should trigger a fall to the opposite trendline.
I am expecting a fall in price for Eurgbp with the invalidation level as seen on the chart
EURGBP SELL Bearish continuation
TUESDAY, 6 Oct 2020
#EURGBP SELL
ENTRY = NOW at 0.90700
SL = -40 PIPS
TP = +110 PIPS
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
EURGBP is setting up for a break to the downsideEurgbp uptrend channel is ending soon, final wave has been completed on eurgbp now its ready for a trend change
Watch price action in lower timeframes to add sell positions
EurGbp- New challenge of 0.93?The drop from 0.93 to 0.9 zone is clearly corrective in nature and after piercing through 0.9050 support, the pair reversed and looks like is resuming its up move.
EurGbp is facing a confluence of the trend line of the flag and horizontal resistance and a break here would accelerate gains for a new challenge of 0.93 recent top.
A dive back under 0.91 would put the pair in a range mood and give reason for a pause
EurGbp- I expect a new leg upEurGbp had a good run from 0.8860 to 0.9300 and after this a correction was normal.
This correction seems to be a simple ABCD pattern and I expect a new leg up from this pair
Dips above 0.9 should be bought and 0.9250 zone could be the target
EUR/GBP SELL SIGNALHey tradomaniacs,
welcome to new free trade-setup.
EUR/GBP: Daytrade-Execution
Sell-Limit: 0,91675
Stop-Loss: 0,92100
Target 1: 0,91230
Target 2: 0,90990
Target 3: 0,90700
Target for One-Target-Trader: 0,90990
Stop-Loss: 43 pips
Risk: 0,5% - 1%
Risk-Reward: 2,26
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Peace and good trades
Irasor
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