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EURGBP

EURGBP – Sellers on the possible win win trackWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. EURGBP – Sellers on the possible win win track Trend: Sell/ Neutral Support/Resistance: R3: 0.85361 R2: 0.84877 R1: 0.84544 S1: 0.84236 S2: 0.83643 S3: 0.82731 Price action: Market is getting power on EURGBP sell side. In this case Bears has to retrace from first resistance level at 0.84544. After this retracement market has to close on daily chart below 0.84236 support level to continue its way down and treat this trade as a bearish trade idea. The overall flow might take longer time to reach bearish targets because of bullish pull back on the left side. If bulls are able to get higher then their potencial trade will be between 0.84877 and 0.85361 resistance level which is hard to expect but possible to sell even later. Potencial trade idea: Bulls targets: T1: 0.85361 Bears targets: T1: 0.83643 T2: 0.82731 NOTE – We are trading EURGBP via the preferred trading setups Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
EURGBP – soon sellers will be ready if...EURGBP – soon sellers will be ready if... Trend: Strong sell Support/Resistance: R2: 0.85740 R1: 0.85439 S1: 0.85306 S2: 0.84885 S3: 0.84145 Price action: Sellers are ready to break S1, but after they have to prove it after we se us short position. Swing is lead by sellers. Momentum is showing much more power from sell side. Eur currency is weak these days. All this basic fact proving sellers power. Potencial trade idea: Bulls targets: T1: 74.532 Bears targets: T1: 0.84885 T2: 0.84145 NOTE – We are trading EURGBP via the preferred trading setups ELITEFXACADEMY Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased. Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
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by EliteFxAcademy
EURGBP – Sellers trending might continue soonEURGBP – Sellers trending might continue soon Trend: Strong Sell Support/Resistance: R3: 0.87143 R2: 0.86645 R1: 0.85998 S1: 0.85402 Price action: We are waiting for holding price below new resistance level at 0.85998. If price will bunce from this level, we can see bears targets to 0.85402. If buyers are able to break resistance level at 0.86645, then they might continue to 0.87143 resistance level. Potencial trade idea: Bulls targets: T1: 0.87143 Bears targets: T1: 0.85402 NOTE – We are trading EURGBP via the preferred trading setups ELITEFXACADEMY
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by EliteFxAcademy
EG short?EG SHORT 01/July/19 My analysis is based 90% on Technicals (TA) and 10% fundamentals. it's adamant to understand that both parties are in the losing position in regards to the geopolitical turmoil happening inside the EU council and UK parliament, both are losing out. Fundamentally concluding that this pair can swing both ways impulsively, as history dictates. TA #EURGBP - daily chart: the price is currently at a descending channels resistance level at 0.89740 (the channel formed since the highest price in August 2017 @0.92470) RSI showing weakening momentum and also showing signs of divergence (signifies reversal may be due) Since the impulsive drop from Dec 2018 to the current support level, at the lowest yearly price 0.83521, EURO has been regaining its strength. It looks like it’s due for correction following the rise, AND it’s already made its bearish move with a DAILY ENGULFING candlestick. BUT, on weekly it’s not clear that the bears have started taking control, we are seeing a bearish evening star, however, weekly bearish price action is needed to confirm. Based on Daily we can speculate a devaluation of EUR in favour of GBP. EURGBP DOWN SCENARIO: Short at current price 0.89310 SL 0.9000 just below yearly resistance (retested 4 times) to let room for the trade to ‘breathe’ TP1 (mirror level) 0.88440 TP2 (support/resistance FLIP ZONE) 0.87010 OR Wait for price to break below hourly resistance 0.89290, with either ENGULFING or other price action, and get in on the retest OR Sometimes we can only plan so much, the market moves where it wants to move, so an alternate scenario would be LONG EG if bullish engulfing candle breaks the current daily resistance (doubtful). Get in on the retest TARGET: min 150 pips up to 500 pips ESTIMATED TIME: 7-30days Do you agree? Let's discuss :D Goodluck IDEA IS SOLEY FOR EDUCATION AND RECORD KEEPING (USE AT OWN DISCRETION)
Education
by Suz_A4002
Slow And Steady, Makes The Money!If you are not able to see the big picture, especially in Forex, then it is very difficult to trade these days. Market is still being traded on the various themes but only difference is that now volatility is very low and trend is kind of non-existent. Now who is able to trade a 20 pip / day range with 20/30 pip stop-loss ( as a newbie Forex trade will put it rigidly to 'contain the loss' ;) ), God knows. Of course, someone out there have the skill to scalp even such tiny range ( ohh and deduct those few pips which broker gets ! ) but for majority of traders it is not possible and trading will eventually lead to a path of death by thousand losing trades. For last couple of years my winning formula is, to be slow when others are fast ! In era of HFT and micro-second trading algorithms, it pays good if you just wait a little and stick to your game plan, rather than trying to compete with machines for those few pips. For last couple of years, one of the cash cow like trade I have preferred is shoring EURGBP. You can read the logic behind the trade somewhere in older post but by just sticking with simple formula and trading it hundreds of times with same bias, I have managed to get healthy returns without even a SINGLE LOSING TRADE ! If you keep on reading BREXIT related BS and try to implement the trades based on some technical analysis or some weird indicator then there is no way you can win over the irrational volatility. Only way to trade such thing is by looking at the bigger picture and being patient. Not only EURGBP but most currency pairs are exhibiting the similar behavior where you need to craft a plan based on common sense and then trade the next 500 pip range. Ultra low rates are not going to make Forex trading easy as far as I can see and days of few hundred pips of trading range over the good news events with decent follow up are gone. So the future is to be slow and patient in all markets.
Education
by BombayBulls
Coolio Gangstas Paradise, Support and ResistanceIf you can find a good support and resistance level or zone it will keep your bank account fed well for years. As you can see the 1st purple arrow marks where price 1st tested this zone as resistance in 1995 when Coolio was at number 1 with "Gangstas Paradise" ( sorry if I've just made you feel old ) :p Then the price passed through this zone for the next few years eventually using it as resistance again in 2010, 2013 and 2017, Now price is currently in this zone again and has used it as resistance many times in 2018 and 2019, So 14 years ago this zone was 1st used and is still been used today, See why zones and levels are so important? The same can be said about our bottom support and resistance zone but I'm sure your not that stupid you need that explaining also! Actually it is 2019 and there are a lot of brainwashed zombies about courtesy of the government, media and failing school system ;p Anyway stop using your laptop to watch naughty adult movies and use it to find these key levels... you will also have a happy ending if you find them :p haha.
Education
by Apex_Gregg
4
Majors, Minors & Exotic Currency Pairs |Ben WrightSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Majors, Minors & Exotic Currency Pairs | BEN WRIGHT Currency Pairs a) Popularity A currency pair is the structure of the currencies, which are traded in the forex market. According to the latest report of United Nations, there are 180 currencies around the world and the illustrated currencies are the top 8 traded bills in Forex. The currency pairs are popular as they are used for the diversification of the as multiple currencies are involved in it. It can also work as a hedging tool to avoid the risk in the forex, which is generated due to the presence of several transactions. b) Groups There are three types of currency pair groups present, which are major groups, minor groups and exotic groups. Major groups Major currency pairs are those groups, which have US dollar on in its pair. They are also the most traded currency pair in the FOREX. Some examples of major currency pairs are EUR/USD, USD/JPY, and GBP/USD etc. Minor Groups Minor currency pairs are those, which do not contain the US dollar as the major currency. The mostly traded minor currencies are UK pound, Euro and Japanese Yen. EUR/GBP, EUR/CHF and EUR/CAD are some examples of minority groups. Exotic Group Exotic currency pairs are those, which have one major currency and one emerging currency. These pairs are not traded frequently due to the presence of low liquidity in these markets. So me popular exotic currency pairs are EUR/TRY, USD/SEK and USD/NOK. c) Volatility Volatility can be defined as the rapid change in the liability due to the presence of economic conditions of the country. For example, the GBP/AUD is the highly volatile currency pair as the economy of UK is a bit unstable after the Brexit. The least volatile currency pair is EUR/GBP as the after effects of Brexit will take time to reach the International market. HAPPY TRADING :) "The best traders have no ego.You have to swallow your pride and get out of the losses" Tom Baldwin
Education
by SMPTrader