EURGBP Down BabyLong time no see.
I wanna see this thang tank. We got a good momentum trap to the upside and are pulling back slowly here. Shorts are whispering in my ear...
liquidity is all around you
Eg
Continuation in EURGBP Pullback?Liquidity is all around you...
Strong movement to the upside in EG. GU selling off strong and EU within a tri-month long range. Look for the possibility of EG continuing up. Maybe we get a pullback here for the next half day or two. But, i'm looking for quite a hefty upside target until price shows reason to not be long here after the pullback for the next couple days. Which i'm sure could happen.
Peace.
EURGBP Long OpportunityEURGBP has finally hit support from March 2021.
This is the first test of this support in 5 months.
GBP is looking bearish against most pairs and with EURGBP being choppy for many months I expect a retrace for EURGBP.
Use a tight SL and good risk management for 70 pips.
EG Start Building Position at Support? BOD Beware QR this monthMYX:EG
FiFT BOD Star
VPOC Key Area
Risk less than 8%
MCDX Banker 18%
EG outlook for 15th February !Waiting for reject on 4h psihological and support level before taking long position !!
eurgbp 0.618 4h pullbackeurgbp appears to have made a 0.618 pullback on 4h chart and becayse of this we can look to long.
Long EUR-GBP Min RR ~ 1:4Hello my friends! ^^
Long EUR-GBP Min RR ~ 1:4
Target 1: 1.618 ~ 2.0 of Fib
Target 2: 2.618 of Fib
EURGBP Swing LongEURGBP looking to take a long when we break and close above downtrend channel. The idea is invalid if we fail to do so.
This would likely go in hand with price divergences in other euro and pound pairs (ie EU strong GU weak, EJ strong GJ weak etc.)
EG (27/11/2020) breakout symmetrical triangleOn H4 chart, EG has breakout triangle pattern and next TP is around 0.6. The price is currently testing Resistance 0.535 with Support 0.485. A better entry would be at 0.545 after price breakout the resistance zone with TP 0.6, and 0.625 (RRR 1:1.3)
EP 0.545
TP 0.6 / 0.625
SL 0.485 (RRR 1:1.3)
MACD is crossing on H4 chart, signaling a breakout with RSI @ 65 to indicate momentum.
EG is quite a small stock with small balance float (46% of 338M shares) compared to its competitor SCOPE (34% of 769M shares). This adds more speed factor to price action of this stock.
TAYOR
EUR/GBPWE look to have broken bullish out of a descending wedge, on top of this we have the rvi bullish cross on daily chart, as this classes as consolidation look for bullish breakout.
Training 4/8/2020 - EGAny input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
