On daily timeframe EURGBP has formed a head and shoulders pattern. A sell can be initiated after the neckline breaks or we can wait for a potential retest/pullback to enter this trade
May have to drop to a lower tf to see this move more clearly. please like or comment. thank you
We have recently seen a sideways move. We saw a big bearish movement and quickly lots of buyers got back in. Maybe market makers were trying to eat stop losses. Now, the market could continue to fly as the market has made new highs on weekly timeframe. Ttrend could continue.... Let's see what happens...
Great confluence to try a short if H4 candle finish in a pinbar
Looking for a retest into 0.78657'ish before selling, this looks like it could easily fall to 0.74-0.73 maybe even 0.72. I will be monitoring the retest on 15-30 minute charts as well. Good luck on this one!
PROS - Retest of strong support on monthly - Stoch RSI showing overbought on both monthly and daily - Slight bearish MACD divergence on daily chart - Head and shoulders pattern forming on both weekly and daily Waiting to break neckline at roughly 0.77500 before entering short. THOUGHTS? THUMBS UP IF YOU AGREE
Hello Traders, EURGBP has created points 1-2-3-4 and is now looking to complete point 5 and 5'. Point 5 will also be a completed cycle of an ab=cd pattern at point 0.75960. When this pair arrives at its first destination, I will look at Geo's Off-Set Rule at 0.79470 as the next probable target. Best, Chartistry
EURGBP bounced from WEEKLY trend line and continue down. There was also created H&S pattern which give us good opportunity to open short position. Trade carefully. Good luck.
EUR/GBP has broken range trade along trendline support. Price action has edged above the daily cloud. The pair opened with a gap-up after surging past 0.7800 handle on Friday and is holding above 5&10 DMAs. Techs indicate further upside. Stochs show a bullish rollover from oversold territory, RSI has bounced off from near 30 levels and is at 47 with further room...
EURGBP has been following its long term trend nicely for quite sometime now. At this week's opening it hit the 0.5 fib level after having a little retrace on Friday. Following its bearish move, this could be a great opportunity for entry in a short position! I have a tight SL on it but reward is potentially large Safe and successful trading!
The par has tested and failed t break the 61.8% fib level and the engulfing daily close opens the door for future gains and a correction back towards the up-trend structure. Initial target is t monthly resistance at 0.79384
EURGBP pair has arrived to a critical level once again: historically. 0.77 has been a turnaround point. This time the outcome is not as clear as on previous times: despite being a strong reversal point, the pair has been in a downtrend since almost seven years ago. On another side, Brexit, although lost some fuel, is still there and closer we get to the...
Past week EURGBP had a massive drop and is continuing to have a bearish outlook. Especially since the brexit is becoming more and more unlikely. Taking in this information, we can see that there could be a possible H&S pattern completed before another big drop. Stoch RSI currently indicates that EG is oversold at the moment and could see a retracement to ~0.5...
Hello Traders, $EURGBP completed a bearish Wolfe Wave at 5'. I would look to enter the short on Monday and exit at the Geo Off-Set Rule.
shorts price rejected by 61.8% fib expecting bearish momentum price to fall to 0.70000
Nice possible bounce at trend line. It goes left of the graph so pan to see that. My indicators agree with the fibs, I know they may be confusing lol. Buying in at 0.79213 and stop at 0.79100 with a pt of 0.8100
on the monthly and weakly charts we can see a good resistance area with a nice candles patterns which is make me prefer to short once we break the daily trend, but now on the hourly we see a triangle and i think it will be broken from the down side to continue with the daily trend break short at : 0.7962 SL:0.7987 T1:0.7924 T2:0.7836