EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
EG has been stuck in a bit of consolidation, we look like we could be pushing to the upside right now. Sitting on my hands for the time being with this pair.
Eurgbpforecast
EURGBP SELLSEURGBP has taken a pounding over the last few months, seeing bears take over the market. They are still in control, even though we are having some short term relief, looking for price to come up to the 71 % fib to see rejection to take shorts from here down to the -61.8%.
300 PIPS
RR 6/1
EURGBP potential reversal!
EURGBP expected to rise up to 1st resistance at 0.89217 where it could potentially react off and drop down to 1st support at 0.86072.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP, Ready to sell for retracement Reasons to SELL
1/ complete 5 wave impulse movw which can be wave 3 or wave c
2/ A bearish divergence
3/ waiting for a breakout of the valid bullish trend
4/ A Shooting star candlestick pattern at a strong resistance
expecting to trade the correction of the whole impulse wave
to minimum of 38,2 or 50% Fibonacci level
Therefore we are trading either wave 4 correction or we are trading anew impulse wave
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EURGBP on screen analysis... Counter trend going shortAfgelopen week hebben we een flinke spike gezien in de prijs en ik verwacht een retracement terug naar een bekend S/R level van 0.85800. De eerste tekenen van een Counter trend zijn al zichtbaar, vandaar dat ik mijn trade al geplaatst heb. Mijn risico is zeer beperkt, want mijn StopLoss zit net boven de top van de LowerHigh @ 0.87200.
Heb geduld en let op de grootte van je trade!
EURGBP bounced from support, potential for a further rise!
EURGBP bounced off 0.86072 where it could potentially rise further to 0.89217.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP LONG! BUT WAIT! WHICH LOW WILL IT BE TO DESIRED TARGET! A little Color-coordination and price action analysis with choice of indicators should govern which bounce corresponds to which target.
OR Which Support will give bounce to immediate Long-Term Resistance for Trend-Continuation.
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EURGBP LONG: Target Almost Done! As predicted, we're almost at Target!
Link description:
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EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.85340 where it could potentially react and bounce to its resistance at 1st resistance at 0.87409.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP +200 pips long trade idea!price manage to breakout downtrend channel with trust bullish momentum and we still have room to go up to 0.880 potential resistance level, you can ride the trend by using 0.858 key support level. please use smaller timeframes for better entries,.. good luck!
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.87441 where it could potentially react and bounce to its resistance at 1st resistance at 0.85888.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.85888 where it could potentially react and bounce to its resistance at 1st resistance at 0.87441
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP potential reversal!
EURGBP expected to rise up to 1st resistance at 0.85959 where it could potentially react off and drop down to 1st support at 0.85303.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP approaching resistance, look out for potential reversal!
EURGBP is approaching its resistance at 0.85514 where it could reverse down to its support at 0.85027.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP LONG: TARGET DONE! LET'S EAT!!
Prediction Link:
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EURGBP reversed from resistance, potential drop!
EURGBP reversed off its resistance at 0.84543 where it could potentially drop further to 0.84159.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP potential reversal!
EURGBP expected to rise up to 1st resistance at 0.84559 where it could potentially react off and drop down to 1st support at 0.84159.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP reversed from resistance, potential drop!
EURGBP reversed off its resistance at 0.83745 where it could potentially drop further to 0.83338.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP stuck on 0.8390 resistance level! (roadmap)Double bottom formations look perfectly formed on daily timeframe while we are seeing price stuck on 0.8390 resistance level, I doubt price will be able to breakout the trendline resistance structure this week unless it's driven by very strong bullish sentiment. I will give an update if we had a long trade setup that be able to trade conservatively below the trendline resistance level. be patient!
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURGBP reversed from resistance, potential drop!
EURGBP reversed off its resistance at 0.83760 where it could potentially drop further to 0.83475.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
