This is my last idea in #EURGBP after #BREXIT. We need to wait a little correction by the "bears", and after we can enter in this strategy. RISK REWARD RATIO: 3.63 Entering Channel: 0.80200 -> 0.8300 Take Profit 1:0.8400 Take Profit 2: 0.8500 Take Profit 3:0.8600 Stop Loss: 07860
At the moment the EUR/GBP favours a slight bearish basis. This is based on its prolonged period of sideward movement and the price heading towards the previous higher high from the last sideward movement (box3). Since mid February the EUR/GBP has had clear support and resistance channels that have been respected. If one of these lines break then expect a bullish...
she's going down :)..... Earlier looked like head & shoulder Current candle stick pattern==falling three methods She should be heading south from here back to 0.7300
Analysing EUR/GBP on a monthly chart it is in a down trend. Having just hit the top of the trend line, this is also a 61% fib retrace from points ABC. You could now expect a continuation to my targets of T1= 0.69167 and if we manage to get beyond this we could be looking at T2= 0.64303.
Last week I posted a bullish pattern on the EUR/GBP daily chart. Prices rose slightly after that but have since then formed a descending triangle topping pattern on the hourly chart. A break below 0.7860 would indicate a sell signal.
A potential big short for EUR/GBP , AO turning into negative territory. 200 MA breached
EUR/GBP has been in a strong uptrend since November without giving a decent pullback for re-rentry until recently. A bullish candle on friday suggests the uptrend could resume next week. Stochastics are also starting to curl upward from oversold levels. Buying with a stop below the recent swing low provides a good R/R opportunity.
Ok, the first time I've published something here. I noticed a lot of people think this pair is about ready to go up before it eventually declines so I'm posting a contrary opinion based on a possible harmonic pattern. I'm a new trader so any constructive comments about my analysis are greatly appreciated. UK markets closed Monday for May Day Holiday so it seems...
Bulls are gone, bears are coming. This pair will be ready for a small consolidation to the upside, before falling again. Will be posting an update when the time has come!
Prices held well Tenkan Sen and above KUMO LS broke its own KUMO: should be a strong buy indication I would wait for a smaller correction and then enter a buy trade
You would think the bombings in Brussels would send the euro plummeting. You would think the ECB reducing rates and more QE would send the euro plummeting. You would think the very idea of a brexit that threatens the EU concept would bring down the euro. You would think that political uncertainty in Germany and poor data would bring down the euro. This is my...
Trade carefully Blue line = targets
Feel free to comment/like