EURGBP Short Trading Idea (Sell The Breakout)We've got the breakout, now let's wait for the pullback to get a better entry.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Eurgbpsell
EUR/GBP has a bearish rising wedge formation on 4h chartI see bearish rising wedge formation also rsi and macd histogram shows bearish divergences on 4h chart for EUR/GBP.
If inclined support is broken, we will have a chance to scalp EUR/GBP.
Profit Targets:
0.88775
0.88610
0.88400
Stop loss:
0.89500
Have a nice day,
Berk
EUR/GBP - Bearish Reversal - Wave PatternsFlash-back:
I called the previous big drop:
Down-trend unfolded with overlaps.
Elliott Wave Analysis
EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence.
Patterns:
- Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red)
- Expanding Flat in Intermediate (B) (red)
1 - Expecting a pull-back and then a last drive on the up-side.
2 - According to how the last move unfolds, a Bearish Divergence will be used to trigger the down-trend.
3 Ending Diagonal needed in the last sub-wave of Minor C (blue)
Many pips ahead!
EURGBP short trade opportunity.EURGBP reached previous high and did not break it creating a nice pin bar on weekly timeframe which indicates that the price could drop even further. Great entry was at the previous high level but in case you missed it then there is another opportunities to get short. A) if the price reached the daily resistance or B) if the price move back to the highs. Both ideas gives us minimum 3:1 reward or more.
FOREX: EURGBP - SWING - 27. NOV. 2018WELCOME TO DACAPITAL-TRADING!
EURGBP FOREX BREAKDOWN 27 NOVEMBER 2018
1 HOUR
Strong bullish movement after taking out 0.88400
4 HOUR
4Th strong bullish candle in a row taking out short-term sellers
DAILY
Strong bullish reaction today, good short entrys now!
LEVELS
(Please split your Position to 3 small ones for perfect entrys!)
SELL EURGBP
1ST @ 0.88860
2ND @ 0.88900
3RD @ 0.88940
SL @ 0.89230 (45 Pips)
TP @ 0.88490 (60 Pips)
RR: 1.30
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
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EURGBP - SWING - 12. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
FREE VIP SWING SETUP
1 HOUR
Strong bearish reaction and price movement..
4 HOUR
Bearish reaction after taking out 0.877!
DAILY
Strong bullish gap with instant bearish reaction
LEVELS
SELL EURGBP @ 0.87410
SL @ 0.87620 (20 Pips)
TP @ 0.87020 (40 Pips)
RR: 1.91, SWING Setup!
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EURGBP -- TIME FOR A BREATHER -AFTER THE DROPI REALLY HOPE YOU GUYS CAUGHT SOME OF THE DROP. I MUST SAY IT HIT TAKE PROFFIT AROUND 70% OF THE DROP BUT ITS ALL GOOD. WE CANT HAVE IT ALL :)
EURGBP DROPPED A LOT MORE THAN I EXPECTED
NOW I AM EXPECTING SOME CONSOLIDATION.
THIS SHOULD REVERSE TO SOME RESISTANCE
BEFORE CONTINUATION DOWN
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
EURGBP SHORTEUGPB situated into ascending channel which will breakdown,i m sure about this becouse we have a classic bearish setup:
MACD touched neutral zone(0) and now going down,buy volume also going down which is another sign of bearish
RSI overbought and bearish cross CONFIRMED
RSI dropping,below 50 will be bearish
Targets for this short: 0.885 , 0.883, 0.881 and 0.880
ENJOY