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Eurgbpforecast

EURGBP, Ready to sell for retracement Reasons to SELL 1/ complete 5 wave impulse movw which can be wave 3 or wave c 2/ A bearish divergence 3/ waiting for a breakout of the valid bullish trend 4/ A Shooting star candlestick pattern at a strong resistance expecting to trade the correction of the whole impulse wave to minimum of 38,2 or 50% Fibonacci level Therefore we are trading either wave 4 correction or we are trading anew impulse wave Write in the comments all your questions and any instruments you want me to analyze . Kindly push the like button if you think the idea is useful - that would be the best THANK YOU. Thank you.
Short
by ABDOLLAR_FX
1
EURGBP +200 pips long trade idea!price manage to breakout downtrend channel with trust bullish momentum and we still have room to go up to 0.880 potential resistance level, you can ride the trend by using 0.858 key support level. please use smaller timeframes for better entries,.. good luck! **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
9
EURGBP stuck on 0.8390 resistance level! (roadmap)Double bottom formations look perfectly formed on daily timeframe while we are seeing price stuck on 0.8390 resistance level, I doubt price will be able to breakout the trendline resistance structure this week unless it's driven by very strong bullish sentiment. I will give an update if we had a long trade setup that be able to trade conservatively below the trendline resistance level. be patient! **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2