Yo people, I am looking at a potential long on Eur/GBP. The sentiment for Eur is risk on. If we look at the technicals, considering the Elliot wave pattern on the 4H TF we have perfectly completed 3 waves and are in a correction which is the 4th Wave. I am expecting the price to move down to 31 to 50% Fibo level which is the marked Red zone and then go long based...
I prefer to get ready to buy eurgbp. I have mentioned 2 possible scenarios on the chart. The conclusion is for this pair waith for the right moment only for 1 posittion, it is BUY. Trade well and wisely…
On the weekly timeframe we have a downward channel and price is currently bouncing off a support/demand zone as well as the trendline. The overall trend for this pair has been down, so if price decides to break support and fall it would actually be (expected) because of the trend (even though I am taking a buy on this trade) If price breaks and retest the...
EUR/GBP creating momentum to breakout with strong volume to the upside.
Expecting some bullish pressure of the EURO. Price made a bearish fall but ultimately respected the monthly trend line. Price then formed a double bottom (which is a bullish candlestick pattern) There was also bullish divergence confirming that price was ready to make a push to the upside. I am looking to enter a long positon, once price make a retracement...
Price has broken the triangle formation and we expect a move to the upside. Cons: The major trend is down and this could be a fakeout.
Price has broken an ascending triangle. We expect a move to the upside to the resistance level. Cons: The ascending triangle is not perfect and the major trend is bearish.
wave ii retraced almost 90% of wave i in an abc correction type. wave iii which is the strongest is expected to happen and furthermore high impact news will be released today
Hello This will be a good deal for you!
A short-term trade: short-term bullish potential with long-term bearish potential from technical analysis
EURGBP hit a weekly support, lookng for long. Close will depend as the chart moves.
A nice set up for a BUY. BE READY for it. Share your thoughts and observation in comments session :) ------------------------------------- Risk warning! Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice. -------------------------------------
Simple setup on EURGBP, stochastic oversold line up with huge support line.
feel this is a very simple/easy setup. the pair has pinged off the 61.8 fib to continue its uptrend.