I predict there will be an incline in price on GBP/EUR for the short time. once fully forming the head and shoulder pattern I think the price of GBP/EUR will decrease breaking its upwards support level.
Looks like a good bearish wedge, should break down here but could still make one more wave up. I am going in with half a pos and will increase if we move up to the upside of the wedge again or add those on the way down. Volume picture is also confirming the wedge. Previous analysis:
Made quite the dump today, suggesting another wave down can be expected soon again. So first wait for a move up towards that blue entry zone, wait for some rejection and short it. Stop level around that red zone with target in that yellow circle.
Last week price rallied to major resistance and, again, gave a sharp rejection. This week, so far, we have retested support from the supportive price area (green line) and the weekly 55EMA. Price is once again stuck within these ranging levels (between the red and green lines). I am bullish on this pair BUT I am staying out of this market until a Brexit deal...
EURGBP is forming lower lows and lower highs. We have a clear selling zone 0.8935 We have re-tested the 23.6% retracement level and we have also re-tested the 4hr support line which turned resistance. There are a number of good technical factors that support this short trade. The fundamentals will be the biggest let down. Will Theresa May bury the Pound alive,...
Hi everyone ! I have for you you my EURGBP analysis. What I see now on the 1H chart is bearish divergence. So go short for now (0.9030 +/-), but What I see on the 4H chart is bearish too, It means for me that there is big chance that We will be on the short road in this week + RSI is pretty overbought on 1D. Take care, everything is possible. Enjoy your life...
The neckline on the head and shoulders pattern has now been broken, a seriously bearish move which has paid dividends on similar patterns in play right now (see link below), the height from the neckline to the head is the target south from the baseline.
Potential head and shoulders formation. A fairly premature prediction admittedly, however the first peak and head are formed which makes it very likely we could be seeing a head and shoulders pattern being created. GBPEUR has hit support twice in this timeframe and it looks like it could be heading back down to support and if it doesn't break support by rising...
The range between 87.50 and 88.50 has been a significant zone for prices to trade at over the last 18 months. It was the high in the first half of 2017, and then the floor throughout the rest of the year, into 2018. Since September 2017, EURGBP has been falling back into this zone, forming a 5 month bearish pennant. This is marked in orange. Whilst this...
Price has a clear channel and has been respecting support and resistance I am waiting for a bullish pinbar for full confirmation of trade but the setup looks great ATM
rectangle range set-up is one of the high potential trade set-ups since December last year, usually it breaks the rectangle to the downside. This pair is in range bound and have already tested the support twice, if price fail to break to the upside then the chances are price will break the counter-trendline and will break below the rectangle support. Wait for RSI...
Hello everyone. GBPEUR probably finishing its retracement very soon meaning a short trade is possible. - If this pairs bullish momentum continues, wait for retracement onto the red line and then look for a confirmation for a potential long. - More likely to become a long due to the bullish data that has been released today. May or may not update this, do not...
Hi guys I spotted a fib retracement that hit the 50% retracement line and bounced off. Its headed towards Target 1 on the fib retracement 0.6 I then spotted my previous completed harmonic. We have already hit the 0.3 target so we are prob headed for the 0.6 target. Target 1 is about 100 pips and target 2 about 200-odd
Approaching support. Entry would be on confimation of a bottom pattern break. A recovery target to 1.15 looks likely.
.88 as a significant support for EURGBP which is hard to break in short term. with GBP losing strength and EUR is gathering momentum, lets look up!