EURGBP we can see great move we can see a great move either up or down .. we have an descending channel in H4 frame .. triangle pattern in H1
Europound
EUR-GBP ( Buy Position Daily Chart )As you can see, after price reached the low level and came up and there is more power that price comes up again
Good luck! :)
EURGBP SHORTSBeen triggered into FOREXCOM:EURGBP . after price has struggled at previous resistance.
eur pound long we are heading euro pound long
breaking higher highs
once we break the previous we shouldn't have any issues hitting either tps
Kris
EurGbp - Bear ChannelLast week price sold off from key resistance at 0.89486 pointing towards further declines next week. A pullback and re-test of the channel top will provide a great place to look for shorts down towards the targets of 0.88103 and 0.87765 respectively.
EUR Pound short and the reason why Good evening everyone
SO currently I am in this trade shorting the reasons why are the following:
If you look at the weekly and daily sellers where my stop is sellers are showing their strength in pushing this market down
engulfing candle followed by a daily confirmation of breaking down towards lower lows
Conclusion: My target is either tps at the same time we will need to watch how this market reacts to the tp :
Either the Euro shoots through the tps and goes down further or we go back up after hitting the tps
Any feedback I am all ears and looking forward to any questions you may have
Kris
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EurGbp - Strong Uptrend Points To Further AdvancesEurGbp continued its strong near term advance last week and we look ahead for further advances next week after a corrective period. A pullback to the 0.89260 area of support would be a great place to look for long opportunities towards the targets of 0.90275 and 0.91124. A failure of the 0.89260 area of support could point towards a bigger correction to the 0.88510 area of support.
EUR/GBP *SELL*As you can see on the weekly chart this has been repeatedly closing below the resistance level after failing to break i see this as bearish price action and would predict for this to drop this week.
Euro-Pound's descending triangleFor the past several days, the EURGBP pair has been trading on a descending triangle. As what the formation suggests, a downside is imminent from this day forward despite the spike up. I actually had a long setup at 0.86020 wherein an inside bar pleasantly formed just about the 200sma along with a huge bullish pin bar as the mother bar.
I've drawn a second descending trend line just above the hypotenuse to prevent trading a false breakout as seen just right above the right angle. Shorting at this level may be ideal; good risk-reward ratio. However, risk may heighten as Draghi is scheduled to give a speech hour(s) from now.
double top on EURGBPi ll put sell order at current levels targeting the two green lines. and put SL at 0.8531
Descending Triangle support selling EURGBP As we can see the descending triangle on the chart, we wait for the breakout of the support line at 0.8477. i ll put sell stop @ 0.8472 targeting 0.8440/0.8400 and SL @0.8501
EUR?GBP descending triangle with breakout near byLooks like a nice descending triangle. Took short position with TP at about 0.87.
When it reaches the TP, I'll long again once price reversed. A breakout is likely to happen in the next week or two.
Potential Long on EUR/GBP Indecision around support on both weekly and daily, showing bears have potentially run out of steam
Break above yesterdays candle will trigger a long
Target will be previous support
Benny Manieri pinpoints reversal area on EURGBPWe see that on the daily time frame, we are in some form of bearish rotation and the trend is down. You'll also noticed a head and shoulder's pattern just formed as well.
We see some neat resistance level around the 79 even handle. Should price reach this level again, an entry reason such as a double top with some divergence would be a strong reason to enter on my hourly trading time frame. Will this level hold price back again? Not sure, but I like it.
This is chambered to be a somewhat decent trade, that actually can be played in classic trend continuation fashion if one were so inclined.
Benny
$EURGBP Bearish Wolfe WaveHello Traders,
$EURGBP completed a bearish Wolfe Wave at 5'. I would look to enter the short on Monday and exit at the Geo Off-Set Rule.
