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Eurgbpsignal

EurGbp- will it finally reverse?Since mid-September top at 0.93, EurGbp's evolution has been very frustrating, with one day up, one day down, 2-3 days down, then reverse strongly, etc The pair managed to drop almost 500 pips in this manner, but trading it was more of a gamble... Now I think Eur finally reached an important bottom, support that acted as resistance/support all 2020. The pair broke above the descending trend-line now and, if we look at the weekly chart, we can clearly see a bullish engulfing candle formation. I'm bullish on this pair and I will look for opportunities to buy for a 0.9150 target
Long
by Mihai_Iacob
2
4H Forex Trend Following Strategy With 200 MAThe downtrend of EUR/GBP shows that EUR/GBP will probably touch a major trendline, and it will touch the targets 0.9000 - 0.9060 . By following the Moving average, I suggest traders buy at a price after the above crossing of Price the MA 200 and sell at a price below the 200MA. But because of an election, there is a possibility of fluctuations. Therefore maybe the trend falls from the major resistance trendline and touches the support trendline by crossing the levels 0.8960 - 0.8920 .
by forextidings
EURGBP 60 PIP BUY Looking at a 60 pip rise on EURGBP . Price is currently situated at the 0.368 fib level, alongside this we also have an intersection of two trends. The trend line showing bullish momentum i believe will have the upper hand due to the strength of the overall trend. Furthermore in perspective it is also forming a long term pennant , however due to the strong bullish momentum beforehand i believe this will continue bullish once broken. At this intersection point we have already seen a slight rejection and the RSI (10) showed an oversold condition at this point. Unfortunately 200 EMA is not showing much however with the points stated i can see EURGBP returning to a short term bullish trend to the upside of the pennant to test it once more. Taking this into consideration i will look for further entries. With price situated at the 0.368 fib level and being at a signifcant point in two sections of trends i can see price rising once more. TP is currently set at 60 PIPS where as the SL is set at 35 PIPS
Long
by tradingonthego
The necessity of confirmation for the Ending Diagonal patternThe necessity of confirmation for the Ending Diagonal pattern completion This week the best currency for trading is EURGBP. And as we mentioned in the previous analysis, there is a probability that the 5th wave of from Ending Diagonal pattern has ended in the range of 0.9022. In order to have confirmation for the completion of this pattern, the price requires to cross the range of 0.9112 (end of 4th wave). The initial target of this uptrend would be 0.9450
Long
by NirmataFX
EURGBP SWING TRADE of the day 13-Oct-2020EURGBP It has reached lower side of the support level and unable to break the level and forming a nice triangle pattern. And the negative brexit headlines are supporting the long for EUR.We can expect the price will reach 0.91320 which is the trend line resistance zone. If the price broke to the downside then we can expect massive downward rally.at the time of writing it is forming a nice bullish engulfing pattern. Stop lose may placed below the 0.89820 level SWING TRADE-EURGBP Entry point @ 0.90490 Take profit @ 0.91620 Stop lose @ 0.89820 Don't risk more than 1% of your capital Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
Long
by forexorbit
EUR/GBP BUY SIGNAL Hey tradomaniacs, welcome to new free trade-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! EUR/GBP: Day-Swingtrade-Execution Notice: LOW risk please as POUND can be very shaky due to brexit-talks! Market-Buy-Order: 0,91015 Stop-Loss: 0,90400 Target 1: 0,91500 Target 2: 0,91880 Target 3: 0,92450 Stop-Loss: 61.5 pips Risk: 0,5% - 1% Risk-Reward: 2,42 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
8