EUR/GBP : Buy trade forecastSimple and easy to understand that how and when can take entry.
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Eurgbpsell
EURGBPEURGBP is currently at a major zone and resistance level. bearish engulfing candle and a rejection candle indicate that its going to bounce off of the resistance. going to open a short position on this pair
Quick day trade idea for EUR/GBP💡Hello traders,
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EUR/GBP has been ranging for last couple of days. We believe price will not have enough momentum to break through resistance line showed in chart.
Let us know what you think about this idea.
Trade safe !
EURGBP SELLLooking to have a sell on this pair, both the 4hr and 8hr timeframe have confirmed the down trend
Sell EUR/GBP:
Stop Loss: 0.9142
Entry Point: 0.9113
Target Profit: 0.9062
Good Luck!
Do not hesitate any question for clarification.
EURGBP / BEARISHI am waiting for price to close below the support line before I short to the greyed area where price has been rejected before
Once price has then continued to move I will place another short to the next support line
We will need to wait for the pullback upon breakout before placing the trade
EURGBP BULLS ARE GETTING TIRED.ENG
- Price has just reached our .9060 zone, if we see a break we will be looking for short positions around the FIB levels, please be aware that you should wait for a confirmation before entering any shorts.
PT
- Preço está de momento na nossa primeira zona de possível reversal (.9060), em caso de quebra iremos procurar por novas entradas nos nossos nível do FIB mais a cima. Extra cautela na EURGBP, aguardar por confirmação antes de efetuar uma entrada será o mais adequado.
EUR/GBP Wave Analysis
After dismal data from Britain, EUR/GBP was off to the flyers yesterday.
It could be interpreted as a wave pattern and is now forming wave 4.
Further, it is close to a congestion zone which could act as strong support.
Hence, we expect the pair to be bullish in the near-term.
EURGBP Outlook - 14 July 2020 Break and retest of the current trendline in play.. Looking to short should the proper reversal signs come into play.
EURGBP SWING SHORT** The GBP has been strong for some days. Looking at technicals, we see that price has rejected a Daily Supply zone and starting to bounce off it.
** Remember that supply and Demand will always win so i expect price to rally down to our next Daily Demand zone withh TP around 0.87260 before deciding on what to do next.
** Please Like and Leave a comment if you found this helpful or have a contrary opinion, we are all students 😉
EURGBP - SELL / KILL ZONEWe can see from the chart that this pair has fallen from this zone a few times in the past, i am currently selling but waiting for price to break this key level before adding another sell
I believe it will come up and test resistance again before dropping
SELL EUR/GBPStop Loss: 0.9035
Entry Point: 0.8983
Target Profit : 0.8885
Do not hesitate any question for clarification.
Good Luck!
EURGBP Short Trade IdeaHello traders, here is the trade plan for EURGBP. For trade entry details please refer to the chart. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EURGBP and Sell Area (6/7/2020)Sell limit
0.90690
SL at 0.90936
TP1 at 0.90450
TP2 at 0.90200
Note!
Cancel/pending plan few minutes before news!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
