Overview: Euro is weakness agains the Pound in Daily timeframeHello guys, I bring you this interesting analysis of Euro/Sterling Pound, in Daily timeframe, we see a bearish divegence that this mean that the bullish trend is weakness and the trend could be experiment a change soon, in that case is a change of bearish trend. But for it, we need to read fundamentals and analysis.
Eursell
EURUSD SELL So I believe that the breakout on wednesday was fake. So no we are back on trace for my TP. Right we have hit the fib 138,2 level and on my MT4 chart is big gap on 30 min TF and twoo gaps on 15 min chart. So I expect it to go up at least to close that gap on 30 min and I'll oen some more sells up there. About my previous post, was bit scared when saw price jump so high but still opened nice sell from 1.142 and closed it it at 1.13. Now I'm waiting to see what will happen to the price.
EURUSD potential huge dropEURUSD is preparing for a potential big drop. Sellers found @ :
- 1.1250 resistance
- 50% fibonacci retracement of prior swing
Our entry is based on the 123 psichological pattern. This trade carry good reward - 1:14 risk:reward , will become at least 1:7 risk:reward after we will cover- but we should cover after a little drop for any eventuality.
This trade carry the potential to align timeframes starting from 2h until Monthly, like a domino, and renew the long term bearish trend!
I hope it will become a domino too.
EURGBP SHORTFundamentally the euro is one of the weakest currencies out there and the recent rally is another excuse to go short. The GBP has got some potential as the next rate decision is likely to be an increase according to the BoE. tECHNICALLY WE CAN SEE THE PINBAR REJECTION OF THE 7800 LEVEL WHICH WAS OUR BUYING TARGET FROM A FEW WEEKS BACK AND A POTENTIAL REVERSAL PRICE. I will be placing a stop loss above the pinbar and looking to trade down to 7500 which is a unmissable risk reward potential. want to learn more about how I trade bankonadam.com