EURGBP downtrend continuationEURGBP in a zone where the price can stall for some time but we still keeping our downtrend bias. We have half of our positions still opened.
Eurgbpidea
START OF THE WEEK (9 Sep - 13 Sep 2019) GUIDE | DOWNTREND!See chart for illustration
This is a follow up on the long term speculation published earlier (see link below)
EURGBP sells comingEURGBP hit a key resistance level looking at the bigger picture(higher time frames). Currently, its showing some transitioning to the down side
EURGBPOANDA:EURGBP a possible break o9f the wedge is emminent and expected soon a pending sell can be placed under the line for potential breakout
EURGBP - Big Short EURGBP reached its August 2017 highs, Momentum on this market is weakening all across the bigger picture therefore i am seeing a trade to be setting up here, wait for the market to break the trend line to execute the orders.
Trade safe & Good luck everyone!
eurgbpthis analysis is showing both ways warnings! so with evolving and every new information and move that the market is making we can read the intentions but everything can change, so ill try to explain euro pound here.
on daily tf is showing big divergence and is at the daily resistance and after the first motive 5 wave structure we can take all that (white correction) as a corrective running or expanding flat and naturally we r going down...
well not so fast...
here on the chart im seeing a three wave move down ( red counting ) which implies on correction and not on motive for change of direction. that strong move up may turn in to B structure of the correction, so as iv said, as shrodingers cat until we get more info we cant know whether trend is dead or not ;)
p.s. divergence is not always showing change of direction, some times its only a correction before continuing. as shown with yellow lines!
EURGBP ready to push down?EURGBP from the big picture looks very good for some selling opportunities. Price has pushed down to some extent as soon as it hit the key resistance level i have been watching over the past weeks
EURGBP = SELLFX_IDC:EURGBP
I am trading on a small account, documenting my progress. This is not intended to be a signal!
Continuous Downtrend on D1
Retest of daily resistance of 0.382 fib level. Sellers took control, price has broke through minor H4 support, expecting further downside movement to H4 extended fib level 1.618 and our daily major support zone.
Sell at CMP - 0.85450
SL - 0.85750
TP - 0.83500
EURGBP KEY LEVEL The price is at key support level. If price breaks below the 0.8620, I'll be looking for short trade or if price gets rejected from that level - potential long trade.
EURGBP SELL BELOW 0.8620
SL 0.8690
TP 0.8400
www.trade-insider.com
EURGBP TRADE IDEAEURGBP IS IN AN UPTREND AND CURRENTLY WE WANT TO SEE A PULLBACK AND A CONTINUATION OF THE UPTREND
EURGBP GARTLEY BULLISH Bat formation potential high. We have to wait for entry to point D. Let's not open the transaction before the formation is complete. The goals are indicated on the chart.
