EURGBP - WEEKLY Chart calling for a reversal Eurgbp - weekly - Price dips into a weekly demand level after falling off the cliff weeks ago.. its only right we get a decent pullback if not a reversal.. lets see how this goes!
Eurgbpforecast
EURGBP reversed from resistance, potential drop!
EURGBP reversed off its resistance at 0.86826 where it could potentially drop further to 0.84819.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
WEEKLY EURGBP ANALYSISThis is my long-term analysis of EURGBP. It has completed 4 Elliot Wave impulse waves and is preparing to begin the 5th wave down to complete the sequence.
The Fibonacci retracement from WAVE 1 rejected the 61.8% level, showing the trend is strong. Therefore my target for the end of WAVE 5 and completion of this trend/sequence is at the 161.8% level (0.8454). If I had to guess a time limit on this I would say 3 to 4 weeks.
I would then expect a correction wave.
Happy trading!
Joe
EURGBP 4H SHORT IDEAAccording to the Fibonacci retracement tool, there will be a retracement up to between 0.8608 and 0.8623.
My Short trade idea is to catch the next leg down of this downtrend.
TRADE INPUTS:
ENTRY: 0.8608
STOP LOSS: 0.8630
TAKE PROFIT: 0.8560
RISK: 22 PIPS
REWARD: 48 PIPS
RISK:REWARD RATIO: 1:2.18
I have longer term analysis for this downtrend which I will also post. This trade is just to catch a shorter-term leg down.
EURGBP Decline likely to continueThe EUR/GBP currency pair will most likely continue to edge lower during the following trading sessions.
However, the currency exchange rate could make a brief upside movement in the shorter term.
EURGBP potential reversal!
EURGBP expected to rise up to 1st resistance at 0.86918 where it could potentially react off and drop down to 1st support at 0.85830.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP analysis | Still free falling? Or finding support?Massive movement to the downside with EURGBP after a big move like this I like to let the dust settle for a bit before jumping into a trade. is 0.86 holding as support? It seems like it for the time being. Remember patience is key with forex, there is always another opportunity to take a trade no reason to rush into anything when there is no clear direction.
For my full market break downs and trades click the link in my bio! Feel free to message me on instagram anytime if you ever need help!
EURGBP potential reversal!
EURGBP expected to rise up to 1st resistance at 0.87170 where it could potentially react off and drop down to 1st support at 0.86278.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP - Get ready for buysANALYSIS ON EURGBP
Welcome to my analysis
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2 Hour Chart
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Interesting Point of interest In the EURGBP pair.
- Price still below 200 day EMA.
- Expecting more downward momentum.
- MACD showing bullish divergence so watchout.
- Bottom for BUY
Stay Tuned
Analysis before the next move of #EURGBPAfter the powerful Double Top, we analyzed and which led to the strong declines, its good time to analyze again.
The decline in a daily graph (Weekly and monthly still uptrend).
You can see that the price stopped exactly on the moving average line which serves as strong support.
The Stochastic with the lines at the cross, at the lowest possible level with an upward direction.
Buy signal with a target to 0.8940
EURGBP downtrend continuationEURGBP in a zone where the price can stall for some time but we still keeping our downtrend bias. We have half of our positions still opened.
START OF THE WEEK (9 Sep - 13 Sep 2019) GUIDE | DOWNTREND!See chart for illustration
This is a follow up on the long term speculation published earlier (see link below)
EURGBP formed a bearish Shark | A good short opportunityThe priceline of Euro / British Pound forex trading pair has formed a bearish Shark pattern and entered in potential reversal zone.
I have used sell zone using Fibonacci sequence as required for shark pattern.
Soon I will post a buy back plan insha Allah.
Sell between: 0.92285 to 0.93955
Regards,
Atif Akbar (moon333)
FREE ANALYSIS ON EURGBPFREE ANALYSIS ON EURGBP
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4HR
Price about to test previous low
Nice bullish divergence
5min trend line broken up and retested.
Keep an eye out for the buy
Eurgbp Sell Now with trendline break+insidebarEurgbp Sell Now with trendline break+insidebar proper sl tp entry point in chart instant order
EURGBP approaching resistance, look out for potential reversal!
EURGBP is approaching its resistance at 0.90502 where it is could reverse down to its support at 0.90208.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
A possible buy on the EUR/GBPOANDA:EURGBP About to buy athe EUR/GBP PAIR at the 0.90720 area,ranging it up to 0.93150
