EUR / GBP | Are we going to see 0.9798 the all time high of 2008EUR/GBP | Bearish move after restest?
Are we going to see 0.9798 the all time high of 2008 on breakout of the 0.9500 ?
Well, EUR/GBP lost upside momentum after hitting 0.9289 and now its consolidating which means it remains above 0.90686 we might see another move to the upside.
Breakout of 0.9289 can resume upside move.
Based on what we have already, the next target is 0.89109 .
Thought we may retest the upside first which may show a false breakout.
Let's watch...
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Eurgbpsetup
EURGBP LONG SET UPTITLE/(DATE)- Buy EUR/GBP (8/31)
ASSET- FOREX
PLATFORM- MT4
ORDER TYPE- BUY LIMIT
Time Frame- 4HR
ENTRY PRICE 1- 0.88880 (pending)
ENTRY 2- 0.88640 (pending)
STOP LOSS- 0.88380 ( 50 PIPS)
TAKE PROFIT 1- 0.89380(50PIPS)
TAKE PROFIT 2- 0.89880 (100 PIPS)
TAKE PROFIT 3- 0.90380 (150 PIPS)
TAKE PROFIT 4- 0.91880 (200 PIPS)
STATUS: 🚨PENDING 🚨
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.
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.