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Eurgbptrend

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