Eurgbpbearish
EURGBP - SWING SETUP - 15. OCTOBER 2018WELCOME TO DACAPITAL TRADING!!
VIP SWING SETUP
4 HOUR
Bullish reaction to Daily support level towards H4 Ress Level
DAILY
Small Daily pullback to 0.88250
WEEKLY
Bearish weekly market heading back towards 0.87300
LEVELS
SELL EURGBP @ 0.88240
SL @ 0.88480 (25 Pips)
TP @ 0.87390 (85 Pips)
RR: 3.5
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EURGBP Bearish DivergenceEURGBP looking strong but 1H chart showing Bearish Divergence..taking my chance and shorting, first target SL40 PIPS , first target 40 PIPS, second 75 PIPS... i usually don't close my trades..i keep moving my SL down..
PS: small lot but honestly bearish divergence always works...
Let's make some pips...
Please hit "LIKE" to support..
Vinny
EURGBP Bounce BackEurGbp at the 1 hour time frame is nearing the lower range and also a support levvel. Chances are price will bounce back up from this level.
Wait for the next hourly candle, if its green its a bounce back and high chance of next 2-3 candles also being green, so take a buy.
If its a red candle and breaking the support then its a nice sell entry. So on market open have a bit of patience and wait for the next candle.
EURGBP back to major support, potential upcoming bouncePrice is back to major support at 0.8842 (Fibonacci retracement, horizontal overlap support) and a strong bounce could potentially occur at this level to push price up to at least 0.8972 resistance (Fibonacci extension, channel resistance, horizontal swing high resistance). Our next major leve of support is at 0.8786 (Fibonacci retracement, swing low support).
Stochastic (34,5,3) is seeing major support above 4.3% where a potential corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP : CHERRY WINEHi traders,
(This trade was suggested to students yesterday 2017-10-19)
This is by far the most simplest technical trade of the recent weeks... This means that there isn't much to say that you cannot see on this chart.
MACD FAKE OUT
RSI MIXED SIGNAL
ORDER BLOCK
EUR FAKE RALLY
Here's what I'm suggesting :
EURGBP SHORT:
ENTRY : 0.89898
SL : 0.90674
TP : 0.87799
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
EURGBP Test of Fib LevelKeep an eye on the EURGBP daily chart as there was an important rejection from the 50% fib level that suggests more downside if the market can hold below that level. This presents the possibility of breaking below the previous low at 0.8738 and then moving much lower from there.