Eurgbpsell
EURGBP analysis:Bulls have run out of time?EURGBP analysis as shown here is based on Elliott wave analysis.
The 4hr timeframe of the EURGBP as shown below from May 17, 2018 to market close (Friday, July 20, 2018) is corrective with a 3 wave price swing (zigzag Elliott wave structure) between the mentioned dates above. Price levels to watch include the 38.2%, 50% and 61.8% retracements of the upswing.
These are ~0.88386, 0.88036 and 0.87686 respectively.
The minimum expectation for a bearish swing in EURGBP is the 38.2% level as indicated on the chart by the downward blue arrow, while the horizontal blue lines are used to mark the 50% and 61.8% where support is anticipated for the EURGBP.
EURGBP Bearish DivergenceEURGBP looking strong but 1H chart showing Bearish Divergence..taking my chance and shorting, first target SL40 PIPS , first target 40 PIPS, second 75 PIPS... i usually don't close my trades..i keep moving my SL down..
PS: small lot but honestly bearish divergence always works...
Let's make some pips...
Please hit "LIKE" to support..
Vinny
EUR/GBPFundamentals:- After a failed trade on this currency pair today we still believe the downside is imminent. Why? After a subdued super Thursday from the BOE and no change in either rate hike or votes by the MPC. Mark Carney later said in an interview with the BBC that it was likely rates would rise before the end of this year. With the outlook for Europe pushing possible rate hikes back to 2019 I would expect the GBP to gain the edge over the Euro in the coming days.
Technicals:- After the rate decision from the BOE the price pulled back to a previous resistance level. You could take this trade at market or wait for it to retest the high on the 4th of may. The stochastic is now overbought and sellers are trying to push the price down from this level.
>> EURGBP << April 26th >> Short „Swing“ Setup <<Hey Guys and Welcome,
EURGBP broke back below 60% price action area of previous week, we are following „Mid“-term Trend with a good RR.
After a bullish rocket last week that formed another HL we expect a drop down following all-time frames.
Short: 0.87242
Sl: 0.87917 (65 Pips)
TP: 0.86421 (80 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
>> EURGBP << April 18th >> Short „Swing“ Setup <<Hey Guys and Welcome,
EURGBP retraced over 60% of previous week price action, we are following „Mid“-term Trend with a good RR.
Pullback to previous H4 lows retesting that area with an explosion last 4h, we trade agains that sl hunter and follow mid term downtrend.
Short: 0.87110
Sl: 0.87648 (50 Pips)
TP: 0.86449 (65 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
>> EURGBP << April 3rd >> Short „Breakout“ Setup <<Hey Guys and Welcome,
EURGBP broke previous week lows, we are following „Mid“-term Trend with a good RR.
Very bearish price action occurred in a lot of pairs today breaking several lows formed a High and respected his trend channel.
Short: 0.87153
Sl: 0.87393 (25 Pips)
Tp: 0.86934 (25 Pips)
Tp2: 0.86682 (50 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
>> EURGBP << March 27th >> Short „Swing“ Setup <<Hey Guys and Welcome,
EURGBP retraced over 60% of previous Week price action, we are following „Mid“-term Trend with a good RR.
Price just spiked up with the last H4 Candle I see it pullback to 0.87 Key Level.
Short: 0.87866
Sl: 0.88646 (80 Pips)
Tp: 0.86945 (90 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
>> EURGBP << March 19th >> Short „Breakout“ Setup <<Hey Guys and Welcome,
EURGBP broke back below previous week price action, we are following „Mid“-term Trend with a good RR.
Price very bearish last week even with a downside break of our Mid term uptrend, we follow this wave.!
Short: 0.88072
Sl: 0.88292 (20 Pips)
Tp1: 0.87874 (20 Pips)
Tp2: 0.87574 (50 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
EURGBP has potential to go lowerWhy complicated? Trade as simple as AB=CD
HERE'S THE GOLDEN RULE:
* SELL when the price make a new "Lower HIGH"
* BUY when the price make a new "Higher LOW"
If you like my analysis, please don't forget to LIKE & FOLLOW!
Free Tutorial on how to trade the AB=CD coming soon! Don't forget to FOLLOW!
EURGBP right on major resistance, potential drop!EURGBP is now testing major resistance at 0.8911 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong drop could occur from this level to push price down to 0.8747 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.