EURGBP attempting to break key support level... going lower?We last saw the price below .8860 level in MAY-2020 so this should be significant once confirmed.
Could target the 0.8750 level upon confirmation. Waiting for the daily close for this.
Europound
Potential H&S PatternEurGbp D TF. Head and Shoulder pattern is confirmed if neckline is broken. If broken the target distance will be equal to the distance from ahead to neckline. If you sell now your stop loss should be above the Head.
EURGBP | Descending Channel Breakout..!!#EURGBP (Update)
Descending Channel Breakout Done..!!
Expecting +120 PIPs Bullish Wave in Midterm.
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EURGBP to Start an Impulsive move !!the pair has been trading in a corrective extended complex wave, the last daily candles shows a change in the momentum, thus implying a bullish scenario ahead.
on the daily chart we can see an engulfing pattern as well which indicates a bullish pattern in view.
i would long this pair even after we saw a bearish candle in the last hours, from current levels.
Good Luck!!!
Buy zone with high probability EurGbp is going to retest the trend line. And that area is ~50% of fibonacci retrecement & 161.8 of fibonacci extension.
EURGBP | Wedge Breakout Done..!!#EURGBP (Update)
Breaking the Falling Wedge Pattern in 8h Chart & It Might Test the Major Resistance Area (0.91500)
There is a Possibility of Triple Top Pattern..!!
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EUR/GBP:Knife CatchingNot to promote Knife catching but every time we have had a retracement, we have seen a subsequent rally.
Clear unbroken upward trend, therefore buying in over here would not be the worst move.
Eurozone has far more momentum than the UK due to response to the coronavirus and opening much sooner- will that thus relate to the value of the Euro? or as usual the weak proponents of the Euro average out the gains of the good.
We shall see.
-Megalodon Whales (Rahim)
Enjoyed charting for you, please give me your opinions on the idea and you are welcome to drop yours below too :)
FX:EURGBP
GBPAUD GAINING BULLISH MOMENTUM?Hello Traders!
Greeting from The Trading Regime!
Our view on GBPJPY to close out the month
of July, is a continuation move to the 1.82/84
Price zone or even higher !
Feel free to comment or share this post below.
We are using .5% risk on this trade with
A risk to reward of 1:3 Target 1.84.... ish
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
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SHORTThe ascending trendline channel has been broken giving us a HEAD and SHOULDERS chart pattern.A retest of the broken trendline will give us a very good reason to open up positions knowing fully well that we are about to ride the bigger fall seeing from the W1 timeframe which made its impulsive move and formed a correction which has just broken...The fall of EURGBP has just continued
EURGBP | Resistance got Rejected, Expecting Bearish Move..!!EURGBP (Update)
EURGBP Has been Moving in Parallel Channel From last 30 Days.
Recently, Major Resistance got Rejected Again & Now Again Heading towards the Major Support.
In Bearish Case, If Remain Below the Resistance, Expecting +120 PIPS Bearish Wave.
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EuroPoundEurGbp ABC correction of wave 2. Buy at 61.8 fibonacci ration and 100% fibonacci extension.
EURGBP Sell SetupPrice formation played out.
Analysis details on the chart.
Currency pair: OANDA:EURGBP
Cheers,
G.
Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8441). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.8595
TP2= @ 0.8802
TP3= @ 0.9086
SL= Break below S2
Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8441). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.8595
TP2= @ 0.8802
TP3= @ 0.9086
SL= Break below S2
EUR/GBP Set for Bear MoveEUR/GBP Set for Bear Move after Brexit negotiation lock finally broke . EU gives green light for secret Brexit negotiations on PM's Boris Johnson's plan.
This saw GBP -The Pound Skyrocket to mars amidst a long awaited move anticipated by bullish Sterling Traders.
The momentum sees possible price moves towards the awaited 0.84
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GBP/CHF Midterm PlanGBP is gaining momentum and CHF is losing it so it's time for us to step in.
Entry: 1.27
Stop: 1.255
Target: 1.304
Have a nice week! Follow for more.
🔔 EURGBP LONG With all the Euro and GBP news releases this week, this set-up looks all the more promising. We have EQH's and EQL's forming to produce liquidity above our SC level which is major confluence. We have a 35 pip risk and 600 pip reward to previous highs giving us a 1:17 r/r.
