EURGBP Price At Daily Trend Line Supportwaiting for bounce here if we got bounce from here than ready to move
else it can breakdown
Let's wait for Daily close
Eurgbpforecast
EURGBP M15 SHORT PRICE ACTION FORECAST -UPDATE-After a steadfast bearishness with the pair getting close to a previous T/P level from yesterday setup. The pair is currently forming a clear bearish flag, which allows the setup for an additional short entry, adding extra pips
The order:
Type: sell-stop
S/L: 12 pips - R:R | 1:2 -
T/P: aiming towards the support level
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EURGBP H1 SHORT PRICE ACTION FORECAST With the GBP showing some bullish momentum across the board
the EURGBP pair shows a strong bearish bias, a massive sell the last three hours, has diminished any uptrend bias previously presented, to ride the bears a sell stop trade is placed with the following levels
The order:
Type: sell-stop
S/L: 44 pips - R:R | 1:2 -
T/P: aiming towards the support level
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EURGBP SELL IDEAPrice has made its way to a huge reversal zone at 0.91500 which also lines up with the 0.61 fib level indicating it could either reverse or have a pullback at this area . As i am also expecting GBP to strengthen due to lock down measures being eased and the economy getting back on its feet
it makes sense for me to be shorting this pair at this important level.
Always use 1-2% Risk Management.
EDUCATIONAL PURPOSES ONLY.
Short Position Forecast on EUR/GBPOption 1. GREEN
Ideally we are looking for perfection and for price to hit the top of the trend line with a hover and then look to sell to the downside.
Option 2.
Price retraces, forms bear flag which I am happy to take, if price then hovers on the lower trend line then I will potentially also scale to take price further to the downside to the start of the correction at 0.86724
EURGBP - SELLPrice is currently consolidating in this area, I am waiting for price to breakout and break support before selling to the green area
EURGBP H4 LONG PRICE ACTION FORECAST Price action has been trading sideways, with MACD under bearish forces that could bring the price back to test the ascending trendline, in confluence with Fib level 618, a long entry with the following features.
The order:
Type: buy-limit.
S/L: 44 pips - R:R | 1:2.4 -
T/P: target next resistance level from D1
SHORT EURGBP AT RESISTENCE!EURGBP IS IN A CONSOLIDATION AND THERE IS A GOOD RESISTENCE AT PREVIOUS HIGH, SELL AT THAT HIGH 33% OF POSITION AND SELL DOUBLE AT THE NEXT RESISTENCE LEVEL. FIRST TARGET AT THE BOLLINGER BANDS .
EURGBP H1 LONG PRICE ACTION FORECAST EURGBP has finally breakout the descending trendline at H1 realm, expecting pullback for a continuation of the bullish momentum, we could setup a long entry with the following characteristics
The order:
Type: buy-limit
S/L: 33 pips - R:R | 1:3 -
T/P: aiming towards a resistance level from a higher time frame
EURGBP H1 SHORT PRICE ACTION FORECAST EURGBP has met a strong resistance level from the W1 domain, trading with a channel formation, and later forming a sequence of HL struggling with the descending trendline, price is expected to test back that level for a downtrend continuation.
A short entry from the retest of the trendline could be placed.
The order:
Type: sell-limit
S/L: 22 pips - R:R | 1:2 -
T/P: aiming towards the Fib level 5.0
EURGBP - REJECTION.. SELLPrice has been rejected again at resistance and we are now looking for sells, I wont feel comfortable placing a trade until price breaks support.. Once done its a freefall
EURGBP Sell !!!! for great Profitswe are selling this pair on rejection at strong resistance
with low risk and higher rewards
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UPDATED : EURGBP SELLING OPPORTUNITY Hi Guys,
I have updated Entry and Take profit levels on this trade.
EUR/GBP Wave Analysis
The counter has kicked off a short-term bear cycle and it is now at its wave 4.
Further, the wave 4 correction could be interpreted as an expanding triangle pattern.
It hit the top of the triangle and is now cooling off which we believe is a new bear cycle in the near-term.
And a head and shoulder pattern has formed as well and hence we expect the pair to be bearish in the near-term.
EURGBP sell on the pullback for 90+ pipsNice and easy setup this. After a decent downtrend we have seen some pullback followed by a nice bearish cande which suggest we should see more downside movement. I have gone short on this and marked the tp and sl for you as well.
Let me know your toughts as well.
Trade safe and good luck.
FURTHER SELLING POTENTIAL ON EURGBP 4HRPrice is currently showing minor bullish momentum in the form of a retracement. We may see price re-test our entry point before advancing lower to our target levels. Entry, Stop loss and take profit levels have been marked.
Should price move in our favour, you should be looking to scale out the majority of your position at TP1 , move the stop loss of your remaining position into profit and let it run. Or close completely at TP1
EURGBPPlease Follow My profil to get the forex ideas>> @PublicSquareFX EURGBP
Please share in comments what you think?
