Eurgpb
EURGBP - ANTICIPATING A FLAG BEFORE FURTHER SELLING PRESSUREWe can see that the GBP has gained a lot of strength in the past couple of days, something also backed by positive economic date. From a technical standpoint right now we could be seeing one more wave to the downside should my wave count be correct. Looking at the bigger picture I believe we could be in a FLAT or EXPANDED ABC Correction. I'll post a screenshot of the Daily TF perspective in the updates below.
Trade safe and do your own due diligence before executing a trade.
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Potential SHORT position on EUR/GBPReasoning:
1) Waiting for the pair to move a little higher till it retests the still fresh supply zone
2) Wait for a bearish signal and enter the short side
3) TP target of around 200 pips (set at confluence between past support pivot + 78.6 Fib level + fresh demand zone)
4) Bearish RSI Divergence which is why I think the pair will be moving downwards really soon
eurgpb testing structure, 1htesting a new structure highs, going for short position, SL above the highest high. have a nice day
Trade small, wait & seeI think there is a small room to the upside before seeing how this channel's fate will develop.
EURGBP bat pattern formation opportunity on daily chartgood day traders
on the daily chart we found a bat pattern formation for a great opportunity to buy to gain around 400 pips
waiting now for a pull back on the 1 hr chart and then going for a buy for a new Higher high .
EURGBP short positionhere is a good RISK:REWARD trade, I think we get a selloff (might be volatile) for one more dip before the EURO makes a serious comeback agains the POUND.
EG Short IdeaI am looking to short the EG next week to the confluence area of my .618 fib and the bottom trend line. This is due to my upward trend line being broken.
EURGBP Ascending Triangle Formation Price is creating a good structure for a nice bull move after the ascending triangle has formed.
EUR/GBP H4 - Short setup - 3D pattern3-Drive pattern completed. A Wolfe wave pattern is at sight. I’ll try to go short for the 61.8 – 78.6 Fibo retracements as a first target, keeping an eye on the ABCD pattern projection on D1 chart (green).
View on H1 chart:
AB=CD ON EURGBPWe have an AB=CD pattern. there is also a confluence of a resistance, divergence on CCI.
D point falls between 1,27 and 1,41 BA and 1,41 and 1,61 BC
stop loss 20 pips above resistance. TP1 and TP2 38% and 61% AD movement
Long EURGBPUpside favored as brexit-prevention talks seem to be fragile. Plus "save-heaven" appeal of EUR when equity slide resumes.
