EURGBP Sellers are watchingWe have 3 big resistance lines incoming,
-0.9 psychological level.
-important trendline on daily
-and as last the upper channel trendline
All 3 I showed by the arrows,
the worst scenario I sketched.
We also took out some shorts from breakout of previous high of the upper channel(see orange arrow)
Let's see, bulls are slightly stopping to buy above the 0.78 fibo level also.
Eurgbpforecast
EURGBP 4H - End Of Uptrend?After a long Bullish moves, the uprise has stalled and slowed down. Price has start to create a Lower High and tried to break the Support (magenta zone) yesterday.
However, be cautious as the price can still go upwards. We merely trade WHAT WE SEE, but the market forces is beyond anyone's control.
EUR must weaken or GBP must strengthen in order for EURGBP to fall.
TAYOR.
KHALID HAMID
Bullish Exhaustion on EUR/GBP? I developed what I believe is a foreseeable resistance and Support Zone on the 4 hr chart. Using proper money management should allow you to with stand any more bullish spikes. I would keep stacking positions if this pair rises in the next 48 hours.
Remember to only risk 2% of your account per trade to make sure you're not completely taken out the game.
EURGBP - Day TradeEUR/GBP failing to move up higher. We can expect a drop down on top of the 1H 200 EMA.
Not the best trade, but the odds are there. Keep an eye on it and enter when you have enough confirmation that it's going to go for the short.
Risk a very minimal amount on this trade as it's neither highly probable and only a 1:1 Risk:Reward ratio.
The move is not yet confirmed, but I'm putting this out there.
Trade safe.
The trend has changed #EURGBPThe eurgbp crossed the resistance and it has returned to the old range of 0.8630 to 0.9070, we are currently just in the middle of the road but since we see the trend is bullish and the positive momentum is, We recommend buying.
Entry price: 0.88
Take profit: 0.9020
Stop loss:0.87
EURGBP At Key Resistance A Head of UK DataTrade Background: Bearish Reversal
Price has returned back to major resistance level of the bearish channel. Where the sharp recovery in price resembles a V shape formation. Now that the week is almost over, we're going to see a massive amount of economic data coming out of UK in less than 3 hours! These data include Q1 GDP, Manufacturing data, Total business investment and Trade balance. Therefore, volatility is defiantly coming soon any GBP pair. If data comes out as positive, look for price to swing back to key support levels against the EUR.
Trade Idea:
Positioning: Short
Time frame: 4H chart
Length of Trade: 1 day to 1 week
Entry: Between .86200 to .86400.
Exit: .85100
EURGBP Completed the retest of the triangleOur latest short trade reached the targets - See Attached -
We hit all near term targets. The game might be just starting.
A detailed report will be published later.
The bigger picture of the pair is as described on the chart.
Trading without technicals is like driving a car without a brake
Trading without fundamentals is like driving a car in the dark with no headlights
Trading with emotions is "committing suicide"