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Eurgbpbearish

(EURGBP) - Daily - Speculation & Analysis 31-08-16Hello Traders ! We have a broken trend line on daily time frame and RSI divergence, we are also bullish fundamentally in GBP pairs. This looks like a good opportunity to short this pair, you can either short now or wait for a pull-back or consolidation and short then. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- - Improve you Forex trading accuracy using Mongers Kit Mongers Kit is complete traders toolbox, with all the data and news you need to have successful trades. Mongers Kit is packed with features such as : 1) order flows in real time. 2) current open positions from 4 different brokers. 3) real time news update. 4) T.V and Radio to your favourite channels (Blomberg, CNN, ABC, etc). 5) Dynamic sessions - see all the rises and falls in each session. and much more, get your kit now at www.mongerskit.com If your my follower, you get 20% discount on your purchase of Mongers Kit. Contact me for more details.
Short
by OG-Tellz
4
EURGBP Short - 0.86100EURGBP has retraced up to the 38.2 fib level from the most recent swing low which has given me an aggressive short entry point back down to the previous lows at the 0.84900 level. We are overbought on all timeframes from the 4hr down which has given me confidence to bag at least 20 pips or so profit from this trade. My mid-term bias however is bullish up to the 0.86100 level which has proven to be strong support in the recent past; support turns to resistance and so I will look for a longer term short position from there.
Short
by Mase_00_7
3
EURGBP Potential reversalEURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail. On chart: As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout the charts timeperiod. However if the resistance is broken, then we have the TL from 2011 and Fibonacci 61.8 as the next two levels the price need to challenge. After that we have the TL from 2008, which is fairly strong. The price is moving towards Fibonacci 61.8, which is a strong fibonacci level. Even though the price has broken fibonacci 50, it struggled a lot at this level. The candle formed is an hanging man, which could be signaling a reversal. Indicators: RSI is close to where it was in January 2013, where the reversal from a new uptrend happened, continuing the longer term trend. RSI is also overbought, as well as struggling along the RSI resistance zone, where the price has reversed multiple times throughout the timeframe for this chart (1994-2016) MACD is at the same level it was in March 2013, when it confirmed the continuation of the downtrend. EMA 200 the price is struggling at this level, however if EMA 200 should be considered a strong resistance/support on this pair is up for question, as the pair tend to ignore the indicator. Volume has been reduced significantly. Position: Entry 1, 0.7930 Entry 2, 0.7990 SL 0.82, above TL 2011 TP 0.7 Tips: Trail the stop loss, split up your planned position to reduce your risk. Increase as the pair moves in your direction.
Short
by AndreM.Moldegard-Eriksen
EURGBP (RP) - GLOBAL FORECASTHello Dear Traders! We have noticed, that in present times, a lot of arguments and views on the currency pairs EURUSD&GBPUSD, but no one takes into account, the Elliotte Waves markup of EURGBP in terms of additional option. Although it is also a powerful tool and indicator of moods in the intermarket calculation of 6E&6B. (John Murphy) We want to dispel all the myths about some obscure bullish trends. The currency EURGBP (RP), just shows that the direction of the major pairs to prevail downwardly! Of course, we have reviewed almost, all the variants of the EURGBP (Uptrend, Downtrend), through the Wave theory, however, in the short-term forecast, more growth(even 0.76000) is possible and may be long-term correction, but in any case, the price will test, as soon as it possible the lower price limits - 0.69347, 0.68219, 0.66000, before serious uptrend! In conclusion, near future we will see, the fundamental continue of downtrend on the markets GBPUSD&EURUSD! Merry Cristmas&Happy New Year! We wish you, all the best! Powerful Traders.
Short
by POWERFUL_TRADERS