Get started

Eurgbpsell

I am taking a short approach on the EurGBPLast week we had a doji candle close easily identified on the weekly time frame, from here I have confidently taking a shorting approach on this pair. You can see here in this attached image that the doji has appeared at a rejection of the monthly resistance; this early in the month tells me the next three weeks are heading in one direction. We can look for a target # around the 0.87700 level and a target #2 at the 0.86700 level. I am going short.
Short
by MasterSensei
EURGBP : CHERRY WINEHi traders, (This trade was suggested to students yesterday 2017-10-19) This is by far the most simplest technical trade of the recent weeks... This means that there isn't much to say that you cannot see on this chart. MACD FAKE OUT RSI MIXED SIGNAL ORDER BLOCK EUR FAKE RALLY Here's what I'm suggesting : EURGBP SHORT: ENTRY : 0.89898 SL : 0.90674 TP : 0.87799 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Short
by ScottMescudiForex
EURGBP: Keep an Eye on 0.8925 Next WeekBy Tuesday at 5 pm EST, EURGBP sellers had secured a 0.9008 close, which was well below our key level at 0.9040. This left us watching for selling opportunities from the 0.9040 area for a move toward 0.8920 and perhaps 0.8780. This week’s aggressive selloff leaves the EURGBP overextended, particularly when we compare today’s price with the 10 and 20 EMAs in the chart below. With this in mind, a bounce from the 0.8780 area early next week would not be a surprise. In fact, I’ll be keeping an eye on this level for a second opportunity to get short. A daily close below the 0.8780 handle over the coming weeks would expose the next key support at 0.8600. A close below that would target the unfilled gap from April 21st at 0.8369.
by Daily-Price-Action
Engulfing at Structure on EURGBPHi guys, after a week of relax, i'm back to the charts today (it's good to take some rest from time to time). As usual i look for important level of structure and then i lower my timeframe in search for a reversal pattern. In this case on EURGBP we're up to a previous daily structure, and right there price has created a nice engulfing kicker that makes me think we're heading down. I don't care if it was generated after a news release, or announcement, i care only about the chart and it's telling me bears came in and are pushing downward. Being the case, i've set my limit order and i'm waiting to see if it gets triggered, with stops above highs and targets as displayed. If you have any question/doubt, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
5
EURGBP Perfect Sell Entry Thank You CarneyEURGBP on the daily shows a great sell entry. its testing a previous resistance and the resistance above it isnt that high. The best strategy to sell this pair is to begin slow. Start with a small position so that you have enough left to add some more every 40 pips spike. And if it goes down add more every 60 pips. The longer (around 2-3 weeks) target is 0.86. So be building your positions this way you will have a very very nice profit in the end. Also every time EURGBP got above 0.90 it went back down quickly. The BOE wont ever allow EURGBP get to parity because that would look to bad for them. they want GBP to stay the stronger currency.
Short
by JoshFX1
EURGBP Long Term BearishTake note that this is based on the weekly and monthly time frame, so that smaller time frames can still move up Time for a long term view on EURGBP on the weekly and monthly time frame. Whats very interesting about these time frames is that both shows a bearish wedge and are close to a resistance. Besides that the monthly also shows a possible double top. This double top will be confirmed if august closes red... So basically for a full sell signal you would have to wait till the monthly candle of august closes. Personally I lack the patience for it, if the same counts for you then just start with building up a small short positions. This way you will have plenty of margin to add more if it goes a bit up first and ofcourse to add more when it goes down. A safe stop would be at 0,9080 or 0,9120. Now this will look like a big stop loss of 100+ pips but remember that the higher you go in time frames the bigger the trading range. So automatically this also gives you a big stop loss. On the other side it also gives you a big take profit target :) The daily time frame show 0.8990 as stop. Take profit targets are 0,8780 and 0.8480 after that. So plenty of cash to be made if you have the patience to hold on the next months
Short
by JoshFX1
2
EURGBP Sell And Then Buy The Dip!On the 4 hour time frame for EURGBP we can see a very nice Elliot Wave structure. Currently we are in the 4th wave of a bullish Elliot structure. Its most likely that this wave down will approach the lower range before bouncing back up into its final 5th wave. On Stoch we also have a nice bearish crossover and the ADX shows a bearish claw. Supporting a down move towards the lower range which will get hit around 0.8880. Trading advice: Short with target of 0,8880. At this price take profit and enter your 1st buy position to catch the 5th wave with a target of 0.92 > 0.96
by JoshFX1