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
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Eurgbpidea
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
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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
The necessity of confirmation for the Ending Diagonal patternThe necessity of confirmation for the Ending Diagonal pattern completion
This week the best currency for trading is EURGBP. And as we mentioned in the previous analysis, there is a probability that the 5th wave of from Ending Diagonal pattern has ended in the range of 0.9022.
In order to have confirmation for the completion of this pattern, the price requires to cross the range of 0.9112 (end of 4th wave).
The initial target of this uptrend would be 0.9450
EURGBP Roadmapcurrently, we are seeing price formed a falling wedge pattern, my potential upside target at 0.9206 and I will wait for the price to breakout the pattern structure before placing any buy order
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EURGBP SWING TRADE of the day 13-Oct-2020EURGBP
It has reached lower side of the support level and unable to break the level and forming a nice triangle pattern. And the negative brexit headlines
are supporting the long for EUR.We can expect the price will reach 0.91320 which is the trend line resistance zone. If the price broke to the downside then
we can expect massive downward rally.at the time of writing it is forming a nice bullish engulfing pattern. Stop lose may placed below the 0.89820 level
SWING TRADE-EURGBP
Entry point @ 0.90490
Take profit @ 0.91620
Stop lose @ 0.89820
Don't risk more than 1% of your capital
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EURGBP long trade ideaPlan: wait for the price to bounce off from trendline or demand zone --> 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 the comment so we can manage the trade together.
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EurGbp- New challenge of 0.93?The drop from 0.93 to 0.9 zone is clearly corrective in nature and after piercing through 0.9050 support, the pair reversed and looks like is resuming its up move.
EurGbp is facing a confluence of the trend line of the flag and horizontal resistance and a break here would accelerate gains for a new challenge of 0.93 recent top.
A dive back under 0.91 would put the pair in a range mood and give reason for a pause
EURGBP long trade ideaPlan: wait for the price to bounce off from demand zone --> 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.
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EUR/GBP LOND IDEA Hey tradomaniacs,
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/GBP: Day-Swingtrade-Execution
Notice: Market is very volatile! Keep your risk low or stay out!
Market-Buy-Order: 0,91740
Stop-Loss: 0,90965
Target 1: 0,92460
Target 2: 0,92900
Target 3: 0,94000
Target for One-Target-Trader: 0,92900
Stop-Loss: 77,5 pips
Risk: 0,5% - 1%
Risk-Reward: 3,05
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Peace and good trades
Irasor
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EUR / GBP | Are we going to see 0.9798 the all time high of 2008EUR/GBP | Bearish move after restest?
Are we going to see 0.9798 the all time high of 2008 on breakout of the 0.9500 ?
Well, EUR/GBP lost upside momentum after hitting 0.9289 and now its consolidating which means it remains above 0.90686 we might see another move to the upside.
Breakout of 0.9289 can resume upside move.
Based on what we have already, the next target is 0.89109 .
Thought we may retest the upside first which may show a false breakout.
Let's watch...
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EURGBPWe've had a very good push up on this currency this week however price action is beginning to give a little hint on the next move. Pin Bar formed around a daily zone on the daily time frame tells there could be a possible reversal on this push up. I will prefer to see market push below 0.90586 before making a decision for a short.
Once again, market will always leave clues as to what it wants to do, I do not predict the market.
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Past results does not Guarantee Future Results, do your due diligence.
Trade Rules:
Use proper risk management
When the trade is taken, once in 20 pips profit, breakeven and protect your capital
As trade moves, look for fresh entries in line with the position taken
EURGBP LONG SET UPTITLE/(DATE)- Buy EUR/GBP (8/31)
ASSET- FOREX
PLATFORM- MT4
ORDER TYPE- BUY LIMIT
Time Frame- 4HR
ENTRY PRICE 1- 0.88880 (pending)
ENTRY 2- 0.88640 (pending)
STOP LOSS- 0.88380 ( 50 PIPS)
TAKE PROFIT 1- 0.89380(50PIPS)
TAKE PROFIT 2- 0.89880 (100 PIPS)
TAKE PROFIT 3- 0.90380 (150 PIPS)
TAKE PROFIT 4- 0.91880 (200 PIPS)
STATUS: 🚨PENDING 🚨
EURGBP - DECISION TIME*ENG*
- Price reaching our supportive zone and showing some difficulties in breaking.
- Look for reversal signs ( bullish engulfing , morning star , etc).
- In case of a break, wait for the retest.
*PT*
- Preço a atingir a nossa zona de suporte e a demonstrar algumas dificuldades em quebrar a mesma.
- Procurar por sinais de reversão ( bullish engulfing , morning star , etc).
- Em caso de quebra, aguardar por um retest.
EUR/GBP Weaker Euro?Good day, snipers. Here in EUR/GBP, price seems to broke out of the previous support zone and retested the bottom of the trend channel. I am biased short due to a weak Euro last week. Price is also trailing below the EMAs. If price breaks the channel, I will go short on this pair depending on market conditions of course. Signals about possible entry, TP, and SL are sent to students.
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EURGBP possible to test 0.90065 support level (ROADMAP)currently, price playing inside a bullish trendline channel and bounce off two times from 0.91340 resistance level, support level 1 (0.90065) as a short term target is relatively safe because of this target inside the channel structure.
**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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EUR/GBP Technical Analysis.Currently, EUR/GBP is trading at 0.9057. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in an up trend in resistance and support wedges. There is a great possibility that the pair will rebound back from its support level. If the price breaks the support level at 0.9045, then it may start a new down trend, its first target price will be at 0.9003 and the second target price will be at 0.8946.
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Rishikesh Lilawat