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Eurgbpsell

EURGBP Short Opportunity I AM A GOLD TRADER, but this pair caught my attention as it reminded me of a previous chart i posted 3 months ago on XAUUSD which made profits, and similarly EURGBP looks to be very similar. If you look at my previous idea, on a weekly chart you will see the similarity in price action which i am speaking of and understand what i am stating. EURGBP: - Looks to be forming a H&S on a weekly time frame. -There also seems to be a gap at 0.81562 - The pair looks to be wanting to test a previous MAJOR resistance line, which will become future support (As shown on chart) Therefore, i am short. Target: 0.81562 Note *This is a swing trade, may take months to terminate* $$$$
Short
by selenk
UK supreme court will confirm T.May right to triger article 50 Eyeballing the immediate trend remains bearish since November made new lows. This is further illustrated with our models signaled up meaning we may be preparing to rally. At this moment market is still in a downtrend looking at the weekly level. The last high is marked in the first week of October, we remain below key support and resistance is now at 0.84200. On a broader basis monthly levels imply a rise in trend. Some caution is required with buys on this pair.
Long
by TheBanker
1
EURGBP Short - 0.86100EURGBP has retraced up to the 38.2 fib level from the most recent swing low which has given me an aggressive short entry point back down to the previous lows at the 0.84900 level. We are overbought on all timeframes from the 4hr down which has given me confidence to bag at least 20 pips or so profit from this trade. My mid-term bias however is bullish up to the 0.86100 level which has proven to be strong support in the recent past; support turns to resistance and so I will look for a longer term short position from there.
Short
by Mase_00_7
3
EURGBP Market Analysis and Trading Tips 17th August 2016Traders, We have had a great amount of success over the past few, with focus on usd/jpy and the BOJ as see in the related ideas, long may this streak continue! SUMMARY: The EURGBP pair bounced slightly during the course of the day Tuesday, using the 0.8639 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.8655 Support at the level of 0.8639. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. All the best with this pair and please do not over leverage, we can keep a tight sl on this. GL www.tradingsignalreviews.com
Short
by TheBanker
6