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
Eurgbpsell
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 - 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.
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.
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
#RoadtoMonaco - EUR/GBP August 1st 2016SUMMARY:
The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8416 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 0.8458 Support at the level of 0.8416. 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.
www.tradingsignalreviews.com
EURGBP 500+ Pip Opportunity - 25/7/16SUMMARY:
The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8319 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 100 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.8404 Support at the level of 0.8319. 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.
Likes and comments appreciated guys, thank you for all your continued support!
www.tradingsignalreviews.com
EURGBP Potential reversalEURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail.
On chart:
As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout the charts timeperiod. However if the resistance is broken, then we have the TL from 2011 and Fibonacci 61.8 as the next two levels the price need to challenge. After that we have the TL from 2008, which is fairly strong.
The price is moving towards Fibonacci 61.8, which is a strong fibonacci level. Even though the price has broken fibonacci 50, it struggled a lot at this level.
The candle formed is an hanging man, which could be signaling a reversal.
Indicators:
RSI is close to where it was in January 2013, where the reversal from a new uptrend happened, continuing the longer term trend. RSI is also overbought, as well as struggling along the RSI resistance zone, where the price has reversed multiple times throughout the timeframe for this chart (1994-2016)
MACD is at the same level it was in March 2013, when it confirmed the continuation of the downtrend.
EMA 200 the price is struggling at this level, however if EMA 200 should be considered a strong resistance/support on this pair is up for question, as the pair tend to ignore the indicator.
Volume has been reduced significantly.
Position:
Entry 1, 0.7930
Entry 2, 0.7990
SL 0.82, above TL 2011
TP 0.7
Tips: Trail the stop loss, split up your planned position to reduce your risk. Increase as the pair moves in your direction.