Get started

Eurgbptrend

EURGBP Trading at Support Line.EURGBP breaks out from the descending triangle pattern from its top, also it is continuously trading in the downside and now at the current level is has taken the support of support line 1. If it breaks this support, we might see further downside towards the support line 2 or if it takes support at the current level, we might see some consolidation in support line 1 and support line 2. Like/Comment/Follow Us For More Idea Note- trade with proper Risk Management System Only Thanks
by Fx_Trader_ViSa
EUR/GBP SHORTOk. Looks like we have on more impulse to down. I will wait for some mini bounce back to retest previous support level and from there I will open SELL position with 5:1 risk ratio. Let's see what chart sign will give us. 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 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