EURGBPExpecting weaker euro and possible stronger pound. Wedge could be broken up, but it seems unlikely because upcoming referendums later this year. Price could found support from lower trendline and at 0.8300 support level.
Eurgbpsell
Wait For The ReverseIt just broke resistance at 0.84780 yesterday and is now slowly moving up again. The previous uptrend (green line) is the new high, which I think it will be bouncing of and reverse in a day or two. MACD is forming a negative double wave, which often signals buying power is weak and it will continue negative.
EURGBP Might be Trying to say somethingOver the past couple of days we've had some mixed feelings about eurgbp but so far i think shes giving as much signals as possible , if indeed we are to break out , the day is today (I have to admit it though , that uptrend force is scary to think about while short at this pair , but oh dear trading wisely is the key.
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*
$$$$
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.
EG shortpic should be pretty much self explanatory....the h&S also coincides with the overall direction on the higher time frames.
EURGBP #H1 Bearish Cypher - ShortCompleted Bearish Cypher
Entry: Next Candle Opening or 0.8520
SL: 0.8591 (-70)
TP1: 0.8437 (+83)
TP2: 0.8386 (+135)
EURGBP Respecting the trend line. Looking for buy setups EURGBP Respecting the trend line. Looking for buy setups
EUR/GBP, DAY CHART, SHORT (4-DEC-2016)Our previous analysis on shorting EUR/GBP was correct.
Now, we need to pay attention to this support zone.
If the price manage to break the support zone with strong strength, wait for pullback and short for it :)
Eurgbp changing its trend up to down on weekly chartEurgbp ignore to hold above 0.87 level as last we shared to sell advice from 0.90 toward 0.86 that done.
now on Weekly chart its also changing its trend down to up which can bring in toward 0.81-0.79 level on weekly level
Advice sell in range of 0.8480-0.8670 sl above 0.8750 TP1 0.8150 TP2 0.7950
EUR/GBP, DAY CHART, SHORT (20-NOV-2016)We need to monitor this trade closely.
There are 2 potential setups:
1. The price pull back to the resistance zone near 0.87xx and wait for bearish signals to short
2. Zoom into H4 Chart and look for bearish signal to short.
Trade with right risk management as the current risk/reward is only 1.5. :)
EURGBP Short!! (wait for break)EG still wait for break grey-line.
if EG can't breakout, We still no order here.
Use Sell stop @H1 for jump in.
EURGBP - Libra Pattern - Sell rejection zoneLibra pattern formation looking to form. A short trade with with good R:R (1:3+).
Once price approach the entry zone, I am looking for a rejection of this zone or bearish candle formations such as: a pin bar, dark cloud cover, bearish engulfing, etc.. to enter this trade.
One can go down to a lower timeframe such as H4 to get their entry setup is good too.
May the trade be with you.
AB=CD and Divergence SHORTLet's see what will happen in the next coming days/weeks.
What do you think?
ANYTHING CAN HAPPEN!
