Get started

Eurgbpbullish

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.
Long
by Tickmill
Patience is virtue with this annoying pairAfter forming a fakey bar on the daily time frame, this Forex pair took me out of my trade just to have another price rejection in which I did re-enter again a long trade. For four trading days, this pair has been going on sideways which was slightly tempting me to close the trade at Breakeven,.. not closing it was a good decision. Plus I also noticed the inside bar formation on weekly time frame. This pair has been trying hard to push the price higher and higher.
Long
by bearvsbullmarket
EUR GBP: a short term upward movement yet possibleI believe that trading success relies heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. A consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favourable trade setups and plans.
Education
by Dinkan
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(D) #Forex #EURGBPHere we can see a possibility of going Long after the break of the counter trend line, where the MA is about to cross over and the target is set at the 0.87000 level monthly key level which is in confluence with the upper main trend line. price is currently sitting at the Monthly support level in line with the main trend line, the further analysis shall be done once the target is reached or other alternatives will be made. PS: This is not a trading signal just a market idea, please use a valid strategy to enter this trade, if you are not educated enough do not trade it! wait for clarity and correct signs before entering the trade! there is no 100% guarantee in trades! AceTeam FX
Long
by AceTeamFx