Eurgbpbuy
EUR/GBP Long term ideaHope you are well.
My opinion on EUR/GBP pair.
Monthly chart.
The weekly chart in description.
Black line - main chart line.
Purple line - supporting chart line.
AC ; BD showing us uptrend channel . HH and LH .
HH
LH
AB length = CD length (CD is almost equal, around 200-300 pip different.)
AB length around 3000 pips and it took around 5 years.
CD length around 2800 pips and it took around 7 years.
BC length = DE length ?
Let's see.
BC length around 4000 pips and it took around 8 years. If we will look at the trend channel we need 3rd touch.
There is a big chance that DE length will reach the 1.10 which will be equal BC length (4000 pips and it will be after 8 years).
AC length = CE length around 12-13 years
BD length = DF length around 8 years.
So DE length is in the middle of the way, forming a bull flag , after correction could be another impulse up to 1.10 ( Impulse-correction-impulse ).
It's a long term analysis we will need a few more years to reach this level.
But if we know the trend, we can follow up on it and made only LONG trades.
I hope you enjoyed.
Please let me know if you have any questions.
DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary, and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Trading Pathways Analysis of EURGBP H4 Chart
The outlined white arrow pathway is the predicted pathway that the EURGBP will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURGBP will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
EURGBP BUYOver the next couple of months EURGBP will increase due to the instability of the UK economy . After brexit, new trade deals will be negotiated taking time to settle. These new trade deals may result in the declining economy of the UK, resulting in the value of the sterling to fall. Therefore EURGBP buy to counter off that effect. Short all GBP/pairs
EURGBP: Huge Buy Trade to 0.92Buying from strong Support levels are one of the simplest trades that a trader can execute.
EURGBP is at such a situation right now.
It has bounced from a multi-year support level but price didn't go too far away from the support level.
So, traders have the opportunity to go long again.
My plan is to keep buying the dips between 0.8300-0.8500 with SL below 0.82.
I will set my TPs at 0.86, 0.8790, 0.9004 and 0.9315.
This is a long-term swing trade
EURGBP - FOREX - 21. JAN. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bearish break towards previous supports.
4 HOUR
Sideways waving market structure at its low now.
DAILY
Bullish market slowly rising, good long entries!
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FOREX SETUP
BUY EURGBP
ENTRY LEVEL @ 0.85120
SL @ 0.84760
TP @ 0.85830
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURGBP AnalysisEURGBP Analysis
wait for breakout or rejection
*Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
Tradewithsam
EURGBP - FOREX - 31. DECE. 2019Welcome to our weekly trade setup ( EURGBP )!
-
1 HOUR
Bearish price action towards previous support level.
4 HOUR
Break below previous shortterm long holders stop.
DAILY
Overall bullish market in pullback, good to enter long now!
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FOREX SETUP
BUY EURGBP
1ST ENTRY @ 0.84980
2ND ENTRY @ 0.84730
SL @ 0.84270
TP @ 0.85740
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURGBP 4H OutlookEURGBP 4H Outlook
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
Tradewithsam