Eurgbptrend
EUR/GBP SELL IDEAHey 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
Market-Sell: 0,89195
Stop-Loss: 0,89410
Point Of Risk-Reduction: 0,88965
Take-Profit: 0,88710
Stop-Loss: 22 pips
Risk: 0,5% -1%
Risk-Reward: 2,2
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Peace and good trades
Irasor
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EURGBP BUYSTOPeurgbp is consolidating and its in a correction move wait for the 3rd touch in small support area and take a buy order , as expected it will break impulsively and will give good profits ( I anlysed it for hours and its expected to move up according to my analysis ) MULTIPLE TIMEFRAME ANALYSIS
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FALCON STRATEGY
EUR/GBP with the Bullish Elliott Wave PatternThe EUR/GBP has made the Elliott wave on the 15m time frame. The 5th wave and ABC Correction is remaining. The trend has to hit 0.9091 - 0.9110 - 0.9130 , to complete the 5th wave. And then it will start to make ABC correction.
But if it started to move downside, that means the failure of the Elliott wave pattern. And then the trend will hit 0.9056 - 0.9040 .
EURGBP SELL FORM RESISTANCE ON DIPS !!As we can see this pair is performing H & S pattern and already break support which now become a resistance
and now retesting this broken zone but fail to break so we are enter to sell on this pair
with a small risk and looking for higher rewards
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EUR/GBP and The Elliott Wave PatternHere's an hourly chart of EUR/GBP, which started to make the bullish Elliott wave pattern. The ABC correction is remaining.
The 2nd wave is 23.60% of wave 1.
The 3rd wave is more than 161.80% of wave 2.
The 4th wave is 38.20% of wave 3.
The 5th wave is 61.8% of wave 4.
In the ABC correction, A is 61.80% of wave 5.
B will be at 50% or 61.8% of A, so the targets for B is 0.91250 - 0.91370 , and if it crosses 0.91370 , the next target will be 0.91590 .
After that, the trend will fall to make a C, and the targets for C are following 0.91380 - 0.91160 - 0.90458 .
EURGBP PRICE ANALYSIS FADES RECOVERY MOVES ABOVE 0.9100 AHEAD EURGBP drops to 0.9112 during the pre-London open on Tuesday. Even so, the quote keeps the 20-pips range established above the 0.9100 since early Asia.
While recovery moves ahead of the short-term key support line favor EUR/GBP buyers, the pair traders await the latest employment data from the UK for fresh impulse.
Although forecasts suggest a downbeat scenario for the British currency, a one-week-old horizontal resistance line near 0.9145 offers an immediate upside hurdle before directing the EUR/GBP buyers towards the monthly peak near 0.9230.
During the run-up, the 0.9200 round-figure can offer an extra filter
EUR/GBP: Three Peaks PatternHere, showing an uptrend of EUR/GBP. It's in the making process of three peaks pattern. Two peaks are completed, and the third one is remaining. If the trend breaks the support line, then the stop loss will be 0.8986 . But if it does not break the support line the targets for the third peak are 0.9100 - 0.9136 .
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