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Eurgbpidea

EURGBP long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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 as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
Brexit, the [upcoming] Euro crisis and the simple mathMuch like during WWI when Germany was "Shackled to a corpse" in the form of it's alliance with the Hapsburg Empire, so was Britain until recently, through it's union with the EU. Now, although Britain is finally free, chances are that this came a day late and a dollar short. Let's be real! - The European Union is nothing more than a rotting corps, not unlike every single large, closely nit trans-national alliance throughout the entire history of mankind. This is an inescapable fact of History. This is not only a historical fact but just as importantly, there are countless (computer, mathematical, socio-economic) simulations and models which bear this out, to a " T ". - With unanimous, categorical results. Brexit is now concluded and the question remains; "What will that mean for Britain?". - Or rather, what are the prospects of the Pound vs. the Euro. The title chart being the Quarterly EURGBP. Well, as it stands at the moment; 1) Not even a pandemic combined with the "dreadful" Brexit could push the Euro above 0.95 British Pounds; 2) Corollary to the above - and perhaps even more strikingly -, all the while the GBP remains the worst performing G10 currency by a wide margin; 3) While Europe was having it's "Maastricht Moment", the BoE decided to inflate it's own balance sheet to the tune of an eye-popping 120% of GDP. So, if these combined factors still refused to sink the Pound (and Britain with it, into the North-Sea) versus the Euro than what exactly would it take??... E.g.; This is not so because the Pound is so great, stable and a resilient currency despite all those factors but could it be that this is because the European Union is "rotting corps" and as such it is doomed, in the not too distant future. Don't believe it? - No problem. Take a look at the title chart and decide whether to "... believe your lying eyes".
by Nemo_Confidat
4
EURGBP downtrend setupprice direction: DOWNTREND potential target price: 0.9053 **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 as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
EURGBP short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **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 as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
EURGBP long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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 as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
EURGBP short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **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 as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
EURGBP uptrend setupprice direction: UPTREND potential target price: 0.8932 **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 as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
EurGbp- will it finally reverse?Since mid-September top at 0.93, EurGbp's evolution has been very frustrating, with one day up, one day down, 2-3 days down, then reverse strongly, etc The pair managed to drop almost 500 pips in this manner, but trading it was more of a gamble... Now I think Eur finally reached an important bottom, support that acted as resistance/support all 2020. The pair broke above the descending trend-line now and, if we look at the weekly chart, we can clearly see a bullish engulfing candle formation. I'm bullish on this pair and I will look for opportunities to buy for a 0.9150 target
Long
by Mihai_Iacob
2
EURGBP long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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 as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
EURGBP still respected the trendline supportcurrently, we are seeing price respected the trendline support on M30 timeframe, personally, I will wait for the price to break out the trendline support before placing any sell order and our potential downside target at 0.8956 support level **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 as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX