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Eurgbpforecast

EURGBP H4 LONG PRICE ACTION FORECAST Price action trading within an ascending wedge, expecting a pullback to the Fib golden level for an uptrend continuation towards the resistance line from the wedge pattern. A buy limit entry could be set with the following characteristics. The order: Type: buy-limit S/L: 28 pips - R:R | 1:2 - T/P: resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EUR/GBP - making its mind up this week? - short term bullishEUR/GBP has seen some choppy movement over the past couple of weeks, with price seemingly breaking to the upside and then reversing to the downside. Taking a step back, on the weekly time frame price action still looks quite bullish, with an ascending trend zone stemming from the lows of 2015. On the daily time frame, it could be argued that price is currently posting a lower high, with respect to the high that was posted in March. However, price also seems to be respecting a new ascending daily trend line, which has recently formed a confluence with both the strong support at 0.9000 and the 50 DAY EMA. We therefore remain bullish on this currency pair in the short term and are expecting a retest of the highs at 0.91349.
Long
by TheForexFellows
EURGBP short trade idea (ROADMAP)currently, price clearly playing inside a triangle pattern and we have room to go down for +110 pips if seller manages to push the price to the 0.8864 support level, conservatively you need to wait for the price breakout the triangle structure and also support level 1 at 0.8980 before placing any sell order, remember that more evidence is better. good luck trader! **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
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