EurGbp- I remain bullishEurGbp is trading in a range with the pair being very well bided in 0.9 zone.
Yesterday the pair created a higher low on the short term time frame and a clear break above 0.91 should accelerate gains towards at least 0.9250 zone.
I will remain bullish on this pair as long as 0.9 holds
Eurgbpsignal
EurGbp- buyers are in a good positionAs I said yesterday, EurGbp found strong support above 0.9 and the correction from 0.93 recent high could be over.
The pair broke yesterday above down trend line resistance and now is trading stable above 0.91 psychological support.
In my opinion, dips towards 0.91 should be bought for a new restest of 0.93
Interim resistance is just above 0.92
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
EurGbp- back to 0.93?After the strong rally at the beginning of September, EurGbp corrected and consolidated for more than a month now.
The pair seems to have found strong support just above the important 0.9 zone and now looks ready for a new leg up.
Dips should be bought for this pair and bulls can expect 0.93 as a target.
A daily close under 0.9 would negate this outlook.
What i think for Eur / GBP the price have reached a strong resistance Area trying to break the symmetrical triangle to go up but i think it will retest the lower line again before going up
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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
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EurGbp- New challenge of 0.93?The drop from 0.93 to 0.9 zone is clearly corrective in nature and after piercing through 0.9050 support, the pair reversed and looks like is resuming its up move.
EurGbp is facing a confluence of the trend line of the flag and horizontal resistance and a break here would accelerate gains for a new challenge of 0.93 recent top.
A dive back under 0.91 would put the pair in a range mood and give reason for a pause
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
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Peace and good trades
Irasor
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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 - DECISION TIME*ENG*
- Price reaching our supportive zone and showing some difficulties in breaking.
- Look for reversal signs ( bullish engulfing , morning star , etc).
- In case of a break, wait for the retest.
*PT*
- Preço a atingir a nossa zona de suporte e a demonstrar algumas dificuldades em quebrar a mesma.
- Procurar por sinais de reversão ( bullish engulfing , morning star , etc).
- Em caso de quebra, aguardar por um retest.
EUR/GBP SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/GBP: Daytrade-Execution
Notice: Keep your risk low as EUR/GBP can be very volatile.
Market-Sell-Order: 0,90320
Stop-Loss: 0,90460
Target 1: 0,90170
Target 2: 0,90075
Target 3: 0,89940
Stop-Loss: 14 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,58
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/GBP SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/GBP: Daytrade-Preparation
Market-Sell: 0,90180
Stop-Loss: 0,90470
Take-Profit: 0,89650
Stop-Loss: 29 pips
Risk: 0,5% - 1%
Risk-Reward: 1,80
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. :-)