Go long the EURGBP if it trades at .7853 or higher. If triggered, place your stop at .7648 and exit the position for a profit at .8042 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
This pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room...
In my opinion the price is retracing before trying another lower low. The breakout of 0.7700 would lead the pair even lower. My trading setup is shown in the chart
Eurgbp will be down from next week , Stop level should be 0.7830
We have an excellent short setup here, the previous uptrend was broken and we are getting a nice correction below the broken trend line, trade with a good strategy and good luck!
EUR/GBP has broken major support at 0.7740 and is trading around 0.7710 levels. Downside for now has taken a breather at 0.7704 (23.6% Fib of 0.6981 to 0.7928 rise). Next support is seen at 0.7695 (Feb 16th lows) and then at 0.7670 (Feb 5th lows). On the topside resistance is located at 0.7742 (Jan 21st highs) and then at 0.7758 (Feb 15th highs). Techs are...
This trade is profitable if EG continues in its uptrend. I put the stop below the trend support, previous low and the 200MA at 4h, plenty of wiggle room.
short near 0.7850 short after trendline break confirmed target near 0.75(350bp);sl 100-150bp
too steep of a trendline, needs some retracement - both trades offer a good RR ratio; 1 to 2 and 1 to 4. Enjoy
BAT PATTERN PAIR: EUR/GBP TIME-FRAME: 1D TRADE: BAT PATTERN Good morning traders. We have a nice Potential Reversal Zone on the EUR/GBP Daily time frame. I don't personal trade the daily, but will need to look for a case for entry on a lower time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before...
Gartley pattern is finished @0.7887 near the key resist level, but price found some support @0.7863 which might pull the price little up to retest the resistance level and form double top. Traders who missed the trade have an opportunity to get involved if the price retests the reversal zone. Stops should go above 0.7895 and our target zone will be between fibs...
The GBP was under a heavy pressure since the beginning of the year as there were no clear advantages on keeping the Great Britain within the European Union and the referendum on leaving the European Union was approaching. This Saturday the Prime Minister announced the Referendum on the 23rd of June and inspired the citizen to keep Britain in the Union as EU...
High test candle on the weekly, strong momentum down on the 4 hour. Weekly fib 50 retrace is below the .75 key level. macd and rsi showing downward momentum. 4 hour making lower lows and lower highs. Getting in early - will have to wait and see how this one plays out.
Here on the #EURGBP pair during 2015 price was mostly on the decline then was stuck in a range where price was at its lowest in 5+ years. On the weekly price has formed an inverse H&S reversal pattern, broken a major descending TL and our MA's are turning to the upside all suggesting huge #bullish momentum. However we have a great looking, high probability...
I have gone long the EUR/GBP due to confluence with fundamental central bank policy from the Bank of England and bouncing from a decent level of prior resistance turned support. This trade offers a good risk reward scenario also.
EUR/GBP is extending downside after rejection at channel top resistance on Feb 11th trade. Downside for now is seeing minor support by 10-DMA at 0.7717, breaks below could see the pair test channel base currently at 0.7630. The following indicators support our argument for downside in the pair: - RSI is retracing after hitting near 70 levels and points south -...
The price is moving in an uptrend channel. My targetis at 127.20% of fibo extension
1. As shown we are in a channeling uptrend idea of this is to try ride the uptrend as soon as possible 2. Channel support being tested showing price rejection 3. Horizontal support area 4. Fib 38% Seems to be holding 5. Potential inverted hammer being formed 6. Arrows on price showing measured moves to the upside