Eurgbptrend
POTENTIAL FURTHER SELLING ON EURGBP Hi Guys,
My view on where EURGBP could be headed over the next week. I have also started a podcast on Psychology that'll help your trading a great deal. The link is in my bio, check it out.
Let me know if you have any questions.
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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EURGBP Sell setupwe have the head and shoulders pattern and we're waiting for a momentum candle close below to enter a sell trade
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
EURGBP Analyse in H1 TimeframeThere is Two Possible Scenarios on the Table. and Depend on the Brexit Negotiations each one is Possible.
So Stay Sharp. I myself put a Sell Stop at the suggested region.
tell me your idea about this pair.
EUR/GBP Time For More Action?Here's the 15m chart GBP/USD. The current trend is upward but falling here for a short period. But if it decreases up to 0.1951 , then it will touch 0.1936 . But if it does not knock 0.1951 , and take reversal, then the trend will hit 0.9200 .
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
EURGBP / HUGE SHORT INCOMINGYou could short this now but probably best to wait for break and retest of the support zone
EURGBP SHORT PLANEURGBP DAILY CHART
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EUR/GBP Technical Analysis
The counter has been in a steady decline for the last 3 months.
Now, it has hit a strong support level which could trigger some profit booking.
Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.
Hence, we expect the pair to be bullish in the short-term.
EURGBP - false level breakdownPrerequisites to the bounce:
Increased ATR.
Two days fall down.
Mirror level ahead.
example how a false break out works:
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
