Short time chart setup idea for next weeki made my view on short tieme chart setup idea for next week
we can see eurgbo keep is support .
and after make a breakout of 1h chanel
then after make a small range and breakout again
but that i seen is the wedge on RSI and i think we have to wait a breakout of the rsi wedge for see a real next move
Both eur and Gbp have polical problem
one is brexit uncertainly other is Catalonia topic
Have a good week end
Eurgbpforecast
EURGBP: Keep These Two Resistance Levels on Your RadarIn the near term, the 0.8925 area will likely attract an influx of offers. Any bearish price action from here could provide an attractive short setup.
However, I have a sneaking suspicion that bulls want to take prices to 0.8980. This area served as resistance back in late July and subsequently attracted bids on the 12th and 13th of September.
I’m going to hold off to see what kind of price action we get at 0.8925. A daily close (5 pm EST) above it would open the door to the next resistance level at 0.8980. This too is an area that could produce a favorable selling opportunity.
As long as 0.8980 holds as resistance on a daily closing basis, I will maintain the idea that a major reversal is likely. Given the location of the weekly swing highs and lows since 2015 (see chart above), it appears EURGBP bulls may be ready to capitulate.
Key support from here comes in at 0.8744 followed by 0.8600. The latter will be my target should we get a favorable short setup in the coming days.
Source: bit.ly
EURGBP - Bullish GartleyWe have a bullish Gartley setting up on the EURGBP with an entry that aligns with previous structure.
There is nothing bullish about the Pound, and if Mario Draghi fails to specifically address the exchange rate/detailed monetary policy again tonight then we should see further upside to this pair.
All the best,
Mase.
EURGBP - Long on Hawkish DraghiWe have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank.
His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week.
We are planning a long trade on the EURGBP should we see and hear hawkish sentiment from Draghi. The Euro has been the stronger of the two currencies over the past week, and over the past month, and is currently sitting at resistance. We would prefer to see this pair fall into a level of support before the news, giving us a better entry. We would also look to take a long on a breakout condition with a small position, adding to it as the bullish move is confirmed.
Patience is virtue with this annoying pairAfter forming a fakey bar on the daily time frame, this Forex pair took me out of my trade just to have another price rejection in which I did re-enter again a long trade. For four trading days, this pair has been going on sideways which was slightly tempting me to close the trade at Breakeven,.. not closing it was a good decision. Plus I also noticed the inside bar formation on weekly time frame.
This pair has been trying hard to push the price higher and higher.
EURGBPOur preference: sales position below 0.8845 with targets at 0.8815 & 0.8800 in extension.
Alternative Scenario: In excess of 0.8845, aim for a continuation of the increase with 0.8860 & 0.8880 in line of sight.
Comment: the support sinking at 0.8845 triggered a bearish acceleration on the support at 0.8800.
ABC IN EURGBP - 4H CHARTHey Guys,
Red or Blue?
Watch for the last flag, we could brakeout and make the red move or reverse and complete the blue ABC structure before the big drop.
-
Hola Chicos,
Rojo o Azul?
Al tanto con la última bandera, podría haber ruptura y hacer el movimiento rojo o hacer reversión y completar la estructura ABC azul.
Carlos