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Eurgbpbearish

EurGbp Bullish and Bearish setupsEurGbp looks like it will perform a wave up when looking at the current structure and the indicators. However a break of the lower range will confirm a sell. So basicly EurGbp is showing options for a bullish or bearish entry. Personally I am with the bulls given the current structure and setup of the indicators. But I will sell if the lower range breaks. Since it can be traded both ways I give this setup a Neutral. Also alot will depend on the French elections that are being held this sunday. If the anti-EU "populists" don't win then the Euro will show a nice boost.
by JoshFX1
EURGBP Short Opportunity I AM A GOLD TRADER, but this pair caught my attention as it reminded me of a previous chart i posted 3 months ago on XAUUSD which made profits, and similarly EURGBP looks to be very similar. If you look at my previous idea, on a weekly chart you will see the similarity in price action which i am speaking of and understand what i am stating. EURGBP: - Looks to be forming a H&S on a weekly time frame. -There also seems to be a gap at 0.81562 - The pair looks to be wanting to test a previous MAJOR resistance line, which will become future support (As shown on chart) Therefore, i am short. Target: 0.81562 Note *This is a swing trade, may take months to terminate* $$$$
Short
by selenk