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Eurgbpsell

EURGBP testing major resistance, potential reversal!EURGBP is now testing major resistance at 0.8911 (38.2% Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level to push price down to at least 0.8747 support (Fibonacci retracement, horizontal swing low support). Stochastic (21,5,3) 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.
Short
by Tickmill
1
EURGBP range bound trade set-up to avoid Dollar messrectangle range set-up is one of the high potential trade set-ups since December last year, usually it breaks the rectangle to the downside. This pair is in range bound and have already tested the support twice, if price fail to break to the upside then the chances are price will break the counter-trendline and will break below the rectangle support. Wait for RSI to reach over bought region or break of the counter trend line to the downside in lower time frame or a potential upside move if price break the region which seems unlikely at the current price movement.
Short
by rf16saun
EURGBP right on major support, prepare for a bounce!EURGBP is now testing major support at 0.8766 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a bullish bounce could occur at this level pushing price up to at least 0.8914 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 4.3% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
EURGBP back to major support, potential upcoming bouncePrice is back to major support at 0.8842 (Fibonacci retracement, horizontal overlap support) and a strong bounce could potentially occur at this level to push price up to at least 0.8972 resistance (Fibonacci extension, channel resistance, horizontal swing high resistance). Our next major leve of support is at 0.8786 (Fibonacci retracement, swing low support). Stochastic (34,5,3) is seeing major support above 4.3% where a potential corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
EURGBP approaching channel resistance, keep an eye out on this!EURGBP is approaching major channel resistance at 0.8972 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, channel resistance) and a strong reaction could occur at this level to push price down to at least 0.8842 support (Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.9027 (major swing high resistance). Stochastic (34,5,3) is seeing major resistance below 98% and a corresponding reaction could occur at this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
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