Eurgbpbuy
EURGBP - SWING SETUP - 01. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
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4 HOUR
Strong support at 0.87600 and price instantly rejected in shorter timeframes
DAILY
Explosive bearish price action, good long entrys now.
WEEKLY
Market at strong Support, we need a pullback!
LEVELS
BUY EURGBP @ 0.87650
SL @ 0.87460 (20 Pips)
TP @ 0.88170 (50 Pips)
RR: 2.82
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EURGBP -- TIME FOR A BREATHER -AFTER THE DROPI REALLY HOPE YOU GUYS CAUGHT SOME OF THE DROP. I MUST SAY IT HIT TAKE PROFFIT AROUND 70% OF THE DROP BUT ITS ALL GOOD. WE CANT HAVE IT ALL :)
EURGBP DROPPED A LOT MORE THAN I EXPECTED
NOW I AM EXPECTING SOME CONSOLIDATION.
THIS SHOULD REVERSE TO SOME RESISTANCE
BEFORE CONTINUATION DOWN
SUPPORT THE MOVEMENT WITH YOUR LIKES,
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EURGBP analysis:Bulls have run out of time?EURGBP analysis as shown here is based on Elliott wave analysis.
The 4hr timeframe of the EURGBP as shown below from May 17, 2018 to market close (Friday, July 20, 2018) is corrective with a 3 wave price swing (zigzag Elliott wave structure) between the mentioned dates above. Price levels to watch include the 38.2%, 50% and 61.8% retracements of the upswing.
These are ~0.88386, 0.88036 and 0.87686 respectively.
The minimum expectation for a bearish swing in EURGBP is the 38.2% level as indicated on the chart by the downward blue arrow, while the horizontal blue lines are used to mark the 50% and 61.8% where support is anticipated for the EURGBP.