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Eurgbptrend

EUR/GBP Waiting for confirmationHello all! Hope you are well. So what's next? In such a case like this, we have to wait for better confirmation and understanding where the chart can go. There is 2 options: The price will bounce now and after will comeback retest this level 0.90 The price will break this level 0.90, retest it and will fall up to 0.88 So be patient guys and wait for confirmation. Thanks! DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by bagdisb
EUR/GBP Take ProfitSo after all day we already in 100 pip profit! 4 in the row we are in the profit. We can move our SL to break even and more (around 50 pip profit). Or we can close the position if you want. There is a possibility that the price will bounce back a little bit. Let's how it works. Have a nice evening! ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by bagdisb
1
EUR/GBP SELLHello! Ok, so what I'm expecting right now? There is my opinion on this pair. You can see clearly in the chart what I'm expecting, just need some confirmation. There are 2 ways how it can work: Pattern: Ascending channel and after it will brake trend line we can sell it. Price can reach 0.93 level and then it will go down. Let's how it works and be patient till chart will give you a perfect sign when to open position. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
EUR/GBP Waiting for signalsSo, guys, all 3 positions are closed in total 260 pips. What we can expect now? First of all, there is no point to SELL or BUY this pair at this moment. I will wait for some confirmation. If the price will reach my trend line, I will try to sell again for a short period of time. Why? Because we expecting that the price will go up. You can check my analysis before for the long term. At the moment is better to find the key point where we can BUY instead SELL. So all positions against the market, long term, is risky. I painted a few possible moves, how market can react to the levels. Let's wait for some confirmation and I will write my opinion on this pair. If you have any questions don't hesitate to hit the comment button ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by bagdisb
EUR/GBP NeutralHello, I moved both SL to area where red line is to protect positions with some profit (1. 107 pips; 2. 10 pips) I can see that selling pressure is not so strong at the moment. Let's see how the chart reacts and what will show us. We need some more signs to keep selling it. Be patient and the chart will show us the way where the chart is going. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by bagdisb
EUR/GBP Still Waiting for BUYHello, I hope you are well... We can see clearly in the chart that the last drop (red) was stronger than this move up (orange). We reached a 0.93 round number. There is a big probability that price will react to this level and we will see another impulse down from where I will start looking for BUY opportunities. Let's see how it works. ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by bagdisb
2
EUR/GBP March 23-27 analysisSo what we can expect from EURGBP in the upcoming week? We already now that EURGBP should go long for a few more years (based on Monthly analysis). The main key is to find levels from where we can buy EUR against GBP. In my opinion, at the moment we have to wait till correction will finish form a pattern and wait for signals, breaking patterns and etc. So I will wait and watch how the chart will react around 0.90 and 0.88 levels. From these levels, I will start looking for an opportunity to buy. Thank you, I hope you enjoyed. If you have any questions don't hesitate to contact me. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Long
by bagdisb
1
EUR/GBP Long term ideaHope you are well. My opinion on EUR/GBP pair. Monthly chart. The weekly chart in description. Black line - main chart line. Purple line - supporting chart line. AC ; BD showing us uptrend channel . HH and LH . HH LH AB length = CD length (CD is almost equal, around 200-300 pip different.) AB length around 3000 pips and it took around 5 years. CD length around 2800 pips and it took around 7 years. BC length = DE length ? Let's see. BC length around 4000 pips and it took around 8 years. If we will look at the trend channel we need 3rd touch. There is a big chance that DE length will reach the 1.10 which will be equal BC length (4000 pips and it will be after 8 years). AC length = CE length around 12-13 years BD length = DF length around 8 years. So DE length is in the middle of the way, forming a bull flag , after correction could be another impulse up to 1.10 ( Impulse-correction-impulse ). It's a long term analysis we will need a few more years to reach this level. But if we know the trend, we can follow up on it and made only LONG trades. I hope you enjoyed. Please let me know if you have any questions. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary, and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Long
by bagdisb
2