Eurgbpforecast
EURGBP H4 SHORT PRICE ACTION FORECAST Price action has got a rejection from a resistance level, unable to form a new high the structure created a double top pattern. The current situation allows the placement of a short entry to capturing the coming bearish momentum.
The order:
Type: sell-stop
S/L: 42 pips - R:R | 1:2 -
T/P: ascending trendline
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EURGBP H4 SHORT PRICE ACTION FORECAST With the Euro under seller pressure and this pair getting reject from strong resistance level from W1, we could expect a bearish momentum. Besides, price action has also broken an ascending trendline with a strong bearish candle, looking for a pullback towards the trendline for downtrend continuation a short entry can be taken.
The order:
Type: sell-limit
S/L: 40 pips - R:R | 1:3 -
T/P: support level
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EURGBP / BEARISHI am waiting for price to close below the support line before I short to the greyed area where price has been rejected before
Once price has then continued to move I will place another short to the next support line
We will need to wait for the pullback upon breakout before placing the trade
EURGBP H1 SHORT PRICE ACTION FORECAST -UPDATE-Although yesterday's analysis didn't play along, it remains active, and with the Euro still under sellers pressure, and price action not able to form a new high, the bearishness in the pair continues.
Now, under a small timeframe from yesterday's entry at H1, a new short order could be taken.
The order:
Type: sell-stop
S/L: 25 pips - R:R | 1:2.7 -
T/P: aiming towards a support level.
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EUR/GBP Wave Analysis
After dismal data from Britain, EUR/GBP was off to the flyers yesterday.
It could be interpreted as a wave pattern and is now forming wave 4.
Further, it is close to a congestion zone which could act as strong support.
Hence, we expect the pair to be bullish in the near-term.
EURGBP H4 SHORT PRICE ACTION FORECASTPrice action has formed LH forming a descending trendline from D1 and H4. A strong bearish pin bar signaling rejection from buyers, allows the setup for a short play, expecting a pullback to the recently broken resistance level
The order:
Type: sell-limit
S/L: 48 pips - R:R | 1:2 -
T/P: aiming towards a support trendline.
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EURGBP SWING SHORT** The GBP has been strong for some days. Looking at technicals, we see that price has rejected a Daily Supply zone and starting to bounce off it.
** Remember that supply and Demand will always win so i expect price to rally down to our next Daily Demand zone withh TP around 0.87260 before deciding on what to do next.
** Please Like and Leave a comment if you found this helpful or have a contrary opinion, we are all students 😉
EURGBP - RETEST BEFORE DROPPrice has indicated that it will come back up and retest resistance before taking a drop - If youre in a sell you may want to watch and hedge your trade
EURGBP - SELL / KILL ZONEWe can see from the chart that this pair has fallen from this zone a few times in the past, i am currently selling but waiting for price to break this key level before adding another sell
I believe it will come up and test resistance again before dropping
EURGBP H4 SHORT PRICE ACTION FORECAST With the EUR in a bearish tone across the board, the EURGBP price action has formed an H&S pattern, currently trading below the neckline, and the 200 MA a short entry is placed. Looking for a pullback before its downtrend continuation for the following order
The order:
Type: sell-limit
S/L: 50 pips - R:R | 1:2.4 -
T/P: aiming towards the support level
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EUR/GBP Technical Analysis
The counter is currently in an ascending channel pattern.
It fell off recently from the high to lower parallel, where it found support.
Now, it is marching up with momentum indicators like MACD and stochastic on the verge rendering a bullish crossover.
Hence, we expect the pair to be bullish in the near-term.
EURGBP bounced from support, potential for a further rise!
EURGBP bounced off 0.90271 where it could potentially rise further to 0.90574.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/GBP, very accurate Long trade idea.We are looking at a great buying opportunity at EUR/GBP to complete the right shoulder of simple market pattern. I think it's very accurate giving the fact, that the price currently approached a strong demand area, from where the price should make pullback.
EURGBP IdeaHey guys, me again still learning forex been really analyzing the markets so any feedback is really appreciated as it helps me improve as we are in it together.
- Really looking for some action in this one. market does seem bearish so im expecting a break and retest for the area however keep in mind your long opportunity too.
- I will be looking to enter either way on monday depending how the market reacts
EURGBP weekly viewEURGBP is below a strong weekly resistance and created a very weekly bearish candle.
my view is sell. after it breaks the upward trendline on H4. or it might create H&S or Double top before it falls.
EURGBP Price At Daily Trend Line Supportwaiting for bounce here if we got bounce from here than ready to move
else it can breakdown
Let's wait for Daily close
