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Eurgbpsetup

EURGBP BULLS ARE GETTING TIRED.ENG - Price has just reached our .9060 zone, if we see a break we will be looking for short positions around the FIB levels, please be aware that you should wait for a confirmation before entering any shorts. PT - Preço está de momento na nossa primeira zona de possível reversal (.9060), em caso de quebra iremos procurar por novas entradas nos nossos nível do FIB mais a cima. Extra cautela na EURGBP, aguardar por confirmação antes de efetuar uma entrada será o mais adequado.
by Wevesting
EURGBPHello, I hope you are doing well! At the moment we can see two major levels 0.874 and 0.864 What I'm expecting at these levels? In my opinion, the price should bounce at 0.864 level (purple) and just after we will see what momentum and pattern it will give us. At the moment I can just prepare for a few scenarios: After bounce the price will from side move between 0.874 and 0.864 levels. (green) After bounce the price will have impulse up. At the current moment, only one thing left - be patient. ;) DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
by bagdisb
1
EURGBP LONGHello! How is your weekend? I hope everything is fine and you are safe! So the market opened with a small gap and the price is moving up. I'm looking for an opportunity to buy as you can see in the chart. I will wait for some confirmation: 1. The price will break the trend line; 2. The price will bounce few more times to support level; 3. High momentum to UP Let's see how it plays. Risk ratio 7:1, really good opportunity. DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
Long
by bagdisb
1
EURGBPHello! Yesterday we had a beautiful structure and price momentum up. I personally opened 2 positions, at the end of the day both were in profit. Before the market close, I decided to close my second entry to avoid a negative position. Why is that? So the main reason at the moment is, that we have Coronavirus and half of the world is closed now. All news about deaths, about the growing number of people who "catch" this virus, about political opinions can affect the markets. Markets can open with gaps. To avoid that I made a decision to close my second position. I'm still with my first position and I will go with this position LONG till the chart will give me another structure, pattern which will show me the opposite. My main key when the market opens will be to see how the price, the chart will react. I will focus on these 2 movements which I marked on the chart (orange and blue). I'm not going to explain now them, but I will update you on Monday how I can see the market and what action I will take. Have a nice weekend guys! DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
by bagdisb