Eurgbpbearish
#EURGBP An even bigger fall in the road?From 8 October we entered into Rang prices with support at 0.8650 and resistance at 0.9075, The break came last week with the candle falling to 0.8525 since the price has returned to a little higher but support has broken it- is a sign for us to enter into a sell position! There are sometimes false alarms so please do not gamble with everything.
Sell EUR/GBP:
Entry Price: 0.8618
Stop loss: 0.8670
Take Profit: 0.8380
EURGBP BEARISH TRADE SETUPHi Traders,
The EURGBP reversed from a resistance level and broke below a key support level with an impulsive move labeled wave A "blue."
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The price has completed a bearish ABC zigzag corrective pattern which retested the broken support that lined up with 38.2 - 50.0 Fib ratio and moving averages, labeled wave B "blue."
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Considering that price has broken out of the blue CTL, and Friday's candle closed as a bearish engulfing bar at our area of interest, this setup has met our criteria for short order.
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The price has the potential to move downward toward the 61.8 and 1.0 Fib Extension to complete the wave C of (Y) as planned on the chart.
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I wish you all a fantastic start to the week.
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Veejahbee.
EURGBP BUY THE BREKOUTEURGBP has hit its previous April 2018 low.
i am expecting a horizontal pullback where it
could potentially reverse to its support at
around 0.87657
EMA 200 & EMA 21 are both in the sell zone so
WATCH OUT.
Watch out for the break in the RED trend line
as this could leads us back to
its support of 0.87657
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR
LIKES, COMMENTS AND FOLLOW FOR MORE
EURGBP -- TIME FOR A BREATHER -AFTER THE DROPI REALLY HOPE YOU GUYS CAUGHT SOME OF THE DROP. I MUST SAY IT HIT TAKE PROFFIT AROUND 70% OF THE DROP BUT ITS ALL GOOD. WE CANT HAVE IT ALL :)
EURGBP DROPPED A LOT MORE THAN I EXPECTED
NOW I AM EXPECTING SOME CONSOLIDATION.
THIS SHOULD REVERSE TO SOME RESISTANCE
BEFORE CONTINUATION DOWN
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE