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Eurogbp

Don't miss the great sell opportunity in EURGBPTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8975). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 0.8925 TP2= @ 0.8875 TP3= @ 0.8825 TP4= @ 0.8795 TP5= @ 0.8685 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
24
EUR GBP - channel - potential to breakHello traders and analysts, Here is our take on EUR GBP COT report: Long Short Total %Long %Short GBP 31,267 45,396 76,663 42% 58% Euro 174,258 86,043 260,301 67% 33% Technicals: We have a good opportunity here to break the trendline as the top of the channel was rejected However - weekly level has not been tested, so we still have an opportunity for a false break and back up. Rising wedge is forming - where price can reject from the top. for this trade however we are in short. Add buy positions if a fakeout of the channel occurs as the channel will create a lower high. Fundamentals Coronavirus in the EU and UK - both showing cases in respective countries, Euro stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire. Brexit talks - will send the pound with huge strength once a deal is reached - inverse will send EUR to almost parity if talks end and no deal is reached Keep a watch for manufacturing orders in Germany and any causes for concern within France, Italy, Germany and Spain which can drag data components down. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital
EURGBP - previous outlook How about that trendline - GBP is getting alot stronger with multiple lower highs and lower lows. Currently the trendline is around 0.839 which has been rejected - Waiting for a long short here. Bear in mind fundamentals can cause the trendline to be fakedout to the upside or further rejected. Weekly - bearish Daily - bearish 4 Hourly - bearish We have been short, but unfortunately did not position hold on this one. If you are one of the masters who did! We applaud you for maintaining such a good position.
Education
by LupaCapital
EURGBP HEAD AND SHOULDER ADVANCED PATTERN FORMING 4HOURPrice action in the hourly time frame is showing us that we have a highly probable Head and Shoulder Pattern forming. The way we execute in this Bearish Market, would be to wait for the breakout of support which is our Neckline. Waiting for Bearish Reversal Confirmation at the pullback of previous structure then executing ourselves into the market after the Conditions in this pair give us reason to enter. Risk to Reward is Optimal for this Trading Idea.
Short
by RiosTrades
Don't miss the great sell opportunity in EURGBPTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8955). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . The RSI is at 26. Take Profits: TP1= @ 0.8890 TP2= @ 0.8840 TP3= @ 0.8680 SL= @ 0.9015
Short
by ForecastCity
4
A trading opportunity to Sell in EURGBPMidterm forecast: While the price is below the resistance 0.9305, beginning of downtrend is expected. We make sure when the support at 0.8965 breaks. If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (0.9045 to 0.9085). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.90450) Ending of entry zone (0.90850) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. Take Profits: TP1= @ 0.90050 TP2= @ 0.89650 TP3= @ 0.88950 TP4= @ 0.88500 TP5= @ 0.88100 TP6= @ 0.87250 TP7= @ 0.86200 TP8= @ 0.84000 TP9= @ 0.81200 TP10= @ 0.78400 TP11= @ 0.74950 TP12=@ 0.69350 TP13= Free
Short
by ForecastCity