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Eurgbpforecast

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.**
Long
by NirmataFX
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 Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
Long
by forexorbit
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 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
EIURGBP to continue the rally?We saw EURGBP rally all the way from 0.8860 to 0.9270. Will it continue the rally? For now, we saw price retrace all the way down to 50% before starting to push higher and break above the mini S/R area it formed at 0.9120. As price currently sits above that level and under a descending trendline, we are awaiting a break of that trendline followed up by a Corrective Pattern before entering a long position on this. As we also support GBP weakness, and are short on most GBPXXX, that confluences nicely on EURGBP as well.
Long
by Faizxn_ah