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Eurgbptrend

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
EUR/GBP BUY SIGNAL ey 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: Day-Swingtrade-Execution Markt-Buy-Order: 0,91030 Stop-Loss: 0,90395 Target 1: 0,91575 Target 2: 0,91925 Target 3: 0,92460 Target for One-Target-Trader: 0,91925 Stop-Loss: 63,5 pips Risk: 0,5% - 1% Risk-Reward: 2,32 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
2
Ending Diagonal pattern and uptrendThe formation of a probable Ending Diagonal pattern and the possibility of the advent of a very large uptrend is existed. The first ascending wave from the 3rduptrend is completed in the range of 0.9291, and the price in a corrective movement of this trend at the end of the C wave from the ii point is completing the Ending Diagonal pattern. There is a scenario that we initially have the formation of a very short and temporary downtrend to the range of 0.9000 to0.8990 and then in continuation with a quick momentum the price hit the targets of 0.9500 area. * It should be noted that, if the price can cross the range of 0.9163, the uptrend formation is confirmed and the Ending Diagonal the pattern is completed in the range of 0.9008. ** The analysis will be included in the daily chart soon.**
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
EURGBP - BEARISH BIASEUR - BEARISH 1️⃣ Concerns about a second wave of coronavirus infections in Europe sent investors rushing for safety. 2️⃣ German business morale came in weaker than expected in September, while France's industry morale beat forecasts. 3️⃣ The risk-off mood further fuels the US dollar's haven demand across the board. GBP - BULLISH 1️⃣ UK Chancellor Rishi Sunak unveiled the government's plan aiming to support the economy and protect jobs over the next six months. 2️⃣ EU's chief Brexit negotiator, Michel Barnier in London for informal talks until Friday. ===== TECHNICAL ===== - We looking to short EURGBP on SBR level on H1 chart. - EURGBP in bearish zone.
Short
by MonsunAsia
1