EURGBP: Critical Break-Out Possible or Reversal - DAILY We're up against some major resistance levels on daily chart. Look out for the break above and close above to BUY up to 0.86130. In case of reversal potential SELL down to 0.80000 levels
Eurgbptrend
Short it I have already posted the 4h chart for this pair but it even looks better on weekly trade for all you long term traders.
we are looking at a lot of potential pips here, its a great moment now to catch the falling knife.
- Trendline broken
- RSI starting to head south
- take a look at that beautiful MACD formation too.
Shorting itshorting once again after a successful short on this pair earlier.
- Broken trendline in 4hr time frame
- Already partially retraced, ready to be sold.
-RSI heading down
- MACD cross over
- Great R:R
Shorting EURGBPEURGBP is about to brake the channel with a confirmation from RSI and MACD with a great R:R ratio.
I will be shorting this after draghi's speech if the channel remains broken.
bullish EURGBP I expect a bullish EURGBP tomorrow @ london open, will keep an eye on this one.
If it goes lower then i think it will be a good moment to buy.
Forex Analysis and Trading Tips - EURGBP EUR/GBP ( DAILY )
RECOMMENDATION: BUY
SUMMARY:
The secondary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7900 and support at the level of 0.7690. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY:
EUR/GBP is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
Two in One - Breakout of a Downtrend and an Inverted H&STarget is predicted at 0.80500 = 500 pips. Good Luck!
Today's ChartThe primary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7665 and support at the level of 0.7525. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY
EUR/GBP is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra-day to mid-term positions in it.
www.tradingsignalreviews.com
EURGBP Daily EURGBP just hit 0.618 target, so looking for to sell the next 0.50 retracement to hit the buy back trand line to hit the next long term trend line.
EURGBP Could this be the end of the Monthly correction as well?This is the corrective structure of a weekly impulsive down move. If this breaks up with a motive wave we might be in for a very long bullish trend. If it breaks to the down, it means the correction is still in progress and could go down to the 127% or even 161.8% (overlapping the monthly 76.4%) marked on the chart.
All this is happening around the 61.8% fib retracement of the Monthly wave up.
This is only to have an idea about the longer trends, so we can place our short term orders accordingly.
What do you think?
