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Eurgbpanalysis

EURGBP Can She Still Push Down?Hi Purpose Traders: Flow with me a bit while I give you the tea on EURGBP. First, price is in a downtrend. Can you see the lower low and lower highs she is making on the weekly and daily? If yes awesome! If not, take a look at my price note tools. The exchange rates are decreasing at the highest peak lowest peak of each fluctuation. What does this mean for you? I'm so glad you asked! A downtrend means you are the seller. I love teaching traders to trade what they speak and see. The word 'down" in downtrend means price is decreasing. The word decreasing means price is selling. The word selling means you are the seller. See how that came together? For you, you want to sell beneath the last lower high at exchange rate 0.84780. I'm using my estimation zone(my name for my zone based on the low demand of buyers under the lower high). If today's candle closes bearish I am the seller back down to the low at 0.82030. What can stop me from selling? If price passes 0.84780 and it is that simple. Why? I'm glad you asked. If price passes the last lower high that will mean price has reversed and it's time to be the buyer, but I'll only cross that road if price says to do so. So, what do you think? Do you agree? Let's chat about it.
Short
by ShaquanLopez
6
EURGBP: ASCENDING TRIANGLE PATTERN.Welcome members, old and new ones to this EURGBP hourly update. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. Let's get back to the chart. EURGBP is under the ascending triangle and technically these patterns are a bullish formation that anticipates an upside breakout. So, here's the deal, once EURGBP breaks out of this ascending triangle that is above £0.843, we can enter long. That will be a clear-cut confirmation. Exit the trade if it breaks down below £0.837. Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
Long
by Dexter_The_Trader