EURGBP bullish bounce! | 12th Jan 2022Prices are at pivot. We see the potential for a bounce at our buy entry at 0.83275 which is an area of Fibonacci confluences towards our Take Profit at 0.83872 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci retracement. RSI is forecasting the bullish bounce.
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Eur-gbp
EURGBP bullish bounce! | 6th Jan 2022Prices are consolidating in a channel pattern. We see a potential bounce from our buy entry at 0.83350 in line with 100% Fibonacci extension towards our Take Profit at 0.84734 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension . Divergence is spotted on RSI , further supporting the hypothesis that it may bounce.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURGBP bullish bounce! | 6th Jan 2022Prices are consolidating in a channel pattern. We see a potential bounce from our buy entry at 0.83350 in line with 100% Fibonacci extension towards our Take Profit at 0.84734 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Divergence is spotted on RSI, further supporting the hypothesis that it may bounce.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURGBP Long Opportunity ComingWelcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
** EURGBP is currently re-testing the weekly low from Feb 2020 which we could see a temporary bullish move from this support zone. I believe it will retest the structure support level below (8285) if the support at 8337 is broken. First tp target would be modest at 8380 zone. Do you agree? Where do you think EURGBP is headed?
Let us know in the comments! :)
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Brian & Kenya Horton, BK Forex Academy
EURGBP - BuyIts look like the EURGBP has found its bottom after bouncing from the lower descending trendline and will most probably will move in upward direction from here and likely to test the upper descending trendline. One can buy from here for the target of 0.84566, 0.84839, 0.85117 and 0.85503 with the stoploss of 0.83682.
EURGBP on a h&s pattern 🦐EURGBP on the 4h chart is creating a head and shoulders pattern.
The price is currently trading near to a weekly support over the neckline.
According to Plancton's strategy IF the market will break below and satisfy the ACADEMY rules we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURGBP testing a support 🦐EURGBP on the 4h chart is trading over a minor support.
The price has tested it already a few times and according to Plancton's strategy IF the market will break below and satisfy the ACADEMY rules we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
🔔EURGBP Will it be ready for downtrend ? It seems that with the trend line broken, we should see the Euro down in the coming hours. The area we are in is a very low risk area for sell. You can use the lower trigger time frame to enter.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️