Eurgbptrend
#EURGBP Analysis+SignalOur recommendation is a sell recommendation for several reasons:
The eurgbp is currently in front of resistance (Support turned into resistance) And this is the third time he has tried to break and is not succeeding
And the other reasons, in short, are the downward trend, The Ichimoku indicator that all parameters indicate continued declines
Sell EURGBP:
Entry Price: 0.8634
Stop Loss: 0.8675
Take Profit:0.8510
#EURGBP An even bigger fall in the road?From 8 October we entered into Rang prices with support at 0.8650 and resistance at 0.9075, The break came last week with the candle falling to 0.8525 since the price has returned to a little higher but support has broken it- is a sign for us to enter into a sell position! There are sometimes false alarms so please do not gamble with everything.
Sell EUR/GBP:
Entry Price: 0.8618
Stop loss: 0.8670
Take Profit: 0.8380
Elliott Wave View: Downside Pressure in EURGBPEURGBP shows a sequence of lower low from August 29, 2017 high, suggesting further downside is likely. The bounce to 0.9105 on January 3, 2019 high ended wave (2). From there, pair declines as a double three Elliott Wave structure where wave W ended at 0.8615 and wave X ended at 0.884. Pair broke below wave W at 0.8615 and confirmed that the next leg lower in wave Y has started.
From 0.88407 peak the market is currently unfolding as an Elliott Wave Zig Zag structure. Which ended wave (a) at 0.8665 low. Above, from there it ended wave (b) bounce at 0.8730. Below from there we expect it to extend into the blue box area of 0.8552-0.8510, which is the equal legs of wave (a)-(b). Where we expect wave ((w)) to end. Afterwards we expect a bounce in wave ((x)) to occur. As long as the market stays below 0.88407 peak we expect it to extend lower.
EURGBP Analysis+SignalWe added the Fibonacci Retracement to the graph after a relatively large drop or rise it helps to analyze, So last week the euro rallied against the pound and started to rise even crossed the 23.6 Fibonacci line and then stopped right in the 38.2 area and fell back to 23.6, We believe that the price will stabilize and gradually return to the 38.2 Fibonacci and possibly cross it.
Be careful with the Doji Candlestick created during the weekly time period (This can indicate the sellers' victory in this war)
Buy EUR/GBP
Entry Price:0.8759
Stop Loss:0.8720
Take Profit:0.8810
EURGBP BUY THE BREKOUTEURGBP has hit its previous April 2018 low.
i am expecting a horizontal pullback where it
could potentially reverse to its support at
around 0.87657
EMA 200 & EMA 21 are both in the sell zone so
WATCH OUT.
Watch out for the break in the RED trend line
as this could leads us back to
its support of 0.87657
See previous analysis
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EURGBP long setupHi traders,
now we can see the beginning of a potential double bottom chart pattern at the 4h chart on EURGBP at a support zone.
This will give us a good reason to go long and trade the double bottom reversal.
A trend reversal is also posible so I will open 3 positions with 3 different top ups.
I wish yo a good trading week.
Stefan Forex
EURGBP Possible BUY opportunity - D1 Daily ChartDear Investors,
we spotted a bullish SHS in EURGBP
We´ll open two positions.
First:
Entry: 0.9000
Second, if it drops further at:
Enttry: 0.8953
SL: 0.8871
Hello Worthy
Decide. Commit. Succeed.
"Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”- Hello Worthy
I wish you success!
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