EURGBP SELLSEURGBP has taken a pounding over the last few months, seeing bears take over the market. They are still in control, even though we are having some short term relief, looking for price to come up to the 71 % fib to see rejection to take shorts from here down to the -61.8%.
300 PIPS
RR 6/1
Eurgbpsell
EURGBP To Resume Downtrend Once Correction EndsEURGBP is making an (a)-(b)-(c) Elliot Wave regular flat corrective pattern against the bearish decline from August 2019 high.
According to Elliot Wave theory, once a corrective pattern is completed, the primary trend resumes.
In EURGBP's case, once wave iv and v of wave (c) are completed, the downtrend should resume.
Targets below wave A low is attainable in the months ahead.
Do you think EURGBP downtrend will resume soon?
EURGBP on screen analysis... Counter trend going shortAfgelopen week hebben we een flinke spike gezien in de prijs en ik verwacht een retracement terug naar een bekend S/R level van 0.85800. De eerste tekenen van een Counter trend zijn al zichtbaar, vandaar dat ik mijn trade al geplaatst heb. Mijn risico is zeer beperkt, want mijn StopLoss zit net boven de top van de LowerHigh @ 0.87200.
Heb geduld en let op de grootte van je trade!
EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.85340 where it could potentially react and bounce to its resistance at 1st resistance at 0.87409.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.87441 where it could potentially react and bounce to its resistance at 1st resistance at 0.85888.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP. The price has gone down from the resistance level.Hi subscribers.
The price of the Euro after a long increase, began to gradually fall down.
The price should reach its target, which is at around 0.86000.
The resistance level pushes the price, so the will fall.
Good luck to you.
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This idea does not provide the financial advice.
EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.85888 where it could potentially react and bounce to its resistance at 1st resistance at 0.87441
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP - FOREX - 24. FEB. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bullish reaction to 0.83450 support.
4 HOUR
Bullish market slowed down, guess we will follow mid trend now.
DAILY
Looking for next wave to the downside.
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FOREX SETUP
SELL EURGBP
ENTRY LEVEL @ 0.83950
SL @ 0.84430
TP @ 0.82990
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN