Eurgbpidea
EUR/GBP Swing trade while in this rangeEUR/GBP is in a range, it has just reached the bottom of the range so is a good opportunity to go long from here with a SL just below the support level this is quite safe. Long term I think the GBP will be stronger so I am not sure whether this will reach the top of the range again, with this in mind keep an eye on this breaking the support level.
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.
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GWBFX
Bullish Alt Bat PatternEURGBP BULLISH ALT BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (0.89339)
Take-Profit 1: (0.89832)
Take-Profit 2: (0.90225)
Stop-Loss: (0.88817)
Max Risk-Reward: (1.70)
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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".
EUR/GBP- Flag PatternEUR/GBP has made the flag pattern on the 15m timeframe. To complete the flag pattern, the trend will hit 0.9056 - 0.9066 .
EUR/GBP: Triangle PatternHere's the daily chart of EUR/GBP. In the triangle, the trend is in the making process of the fifth wave. It has to cross to complete the fifth wave. And the trend has to cross 0.8953 - 0.8930 to complete the 5th wave of the triangle.
EURGBP BUYThis is EURGBP 4H timeframe analysis, i'm expecting the market to but to the previous resistance level.
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.
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Thank you for your support ;)
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
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
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.
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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.
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Thank you for your support ;)
GWBFX
EURGBP BUYEURGBP 4H timeframe analysis, i'm expecting the market to continue to move to the upside after it comes down for a retracement.
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
EurGbp: Bullish setupWill it crawl down a bit first before the bulls take over, or it will go now. I expect a low any moment from now.
EURGBP - false level breakdownPrerequisites to the bounce:
Increased ATR.
Two days fall down.
Mirror level ahead.
example how a false break out works:
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
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
EURGBP 60 PIP BUY Looking at a 60 pip rise on EURGBP . Price is currently situated at the 0.368 fib level, alongside this we also have an intersection of two trends. The trend line showing bullish momentum i believe will have the upper hand due to the strength of the overall trend. Furthermore in perspective it is also forming a long term pennant , however due to the strong bullish momentum beforehand i believe this will continue bullish once broken. At this intersection point we have already seen a slight rejection and the RSI (10) showed an oversold condition at this point. Unfortunately 200 EMA is not showing much however with the points stated i can see EURGBP returning to a short term bullish trend to the upside of the pennant to test it once more. Taking this into consideration i will look for further entries. With price situated at the 0.368 fib level and being at a signifcant point in two sections of trends i can see price rising once more. TP is currently set at 60 PIPS where as the SL is set at 35 PIPS
EURGBP UPEURGBP
The price is right now walking on a channel and its going up and right now I believe that it will respect the purple line and continue its way up and touch the blue line and hopefully the bigger purple zone near 0.94.
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El precio en este momento esta caminando en un canal hacia la alta y considero que en este momento el precio va a respetar la zona morada y subirá hasta tocar la linea azul y a lo mejor subir hasta tocar la zona morada mas grande cerca de la zona 0.94.
EurGbp- I remain bullishEurGbp is trading in a range with the pair being very well bided in 0.9 zone.
Yesterday the pair created a higher low on the short term time frame and a clear break above 0.91 should accelerate gains towards at least 0.9250 zone.
I will remain bullish on this pair as long as 0.9 holds
