EURGBP - DECISION TIME*ENG*
- Price reaching our supportive zone and showing some difficulties in breaking.
- Look for reversal signs ( bullish engulfing , morning star , etc).
- In case of a break, wait for the retest.
*PT*
- Preço a atingir a nossa zona de suporte e a demonstrar algumas dificuldades em quebrar a mesma.
- Procurar por sinais de reversão ( bullish engulfing , morning star , etc).
- Em caso de quebra, aguardar por um retest.
Eurgbpidea
EUR/GBP Weaker Euro?Good day, snipers. Here in EUR/GBP, price seems to broke out of the previous support zone and retested the bottom of the trend channel. I am biased short due to a weak Euro last week. Price is also trailing below the EMAs. If price breaks the channel, I will go short on this pair depending on market conditions of course. Signals about possible entry, TP, and SL are sent to students.
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EURGBP possible to test 0.90065 support level (ROADMAP)currently, price playing inside a bullish trendline channel and bounce off two times from 0.91340 resistance level, support level 1 (0.90065) as a short term target is relatively safe because of this target inside the channel structure.
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EUR/GBP Technical Analysis.Currently, EUR/GBP is trading at 0.9057. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in an up trend in resistance and support wedges. There is a great possibility that the pair will rebound back from its support level. If the price breaks the support level at 0.9045, then it may start a new down trend, its first target price will be at 0.9003 and the second target price will be at 0.8946.
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EURGBP short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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 as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EUR/GBP - Head & Shoulder Pattern Complete!Hello Traders!,
We're at the beginning of our trading week and today I've realised a head and shoulder pattern I've been eyeing is finally complete and is almost time for an execution!
What Is The Market Telling Us?
Price has been in uptrend and was halted once it reached resistance of @0.91505
Head and shoulder pattern complete once price has shown a bearish closure upon the break and retest of neckline
MAs show market sentiment is bearish as 50SMA is above 14EMA and a bearish crossover before
When Should We Enter?
As we are on a 4H timeframe we can look to enter once our neckline has been respected as a resistance level
Execute on 1H timeframe after a clear bearish closure below our neckline, this closure confirms neckline being respected
EURGBP long trade ideathe price goes up as predicted on my last EURGBP analysis (link attached below!) and we are seeing price still on bullish structure, please wait for price deceleration at potential confluence level as printed on my chart. good luck!
Plan: wait for the price to bounce off from potential confluence level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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 as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EURGBP signal (LONG)Hello friends.
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Everything on the chart.
open pos: market
targets: 0.918 - 0.928 - 0.938
after first target reached move ur stop to breakeven
stop: ~0.891 (depending of ur risk). ALWAYS follow ur RM .
risk/reward: 1 to 4
Good luck
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EURGBP long trade ideaPlan: resistance level and trendline resistance breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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 as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURGBP long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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 as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/GBP - Bullish Pressure Incoming!Hello Traders!,
As most of us can see, the EUR has gained a lot of strength this week against other currencies, although, against the GBP it seems that is not exactly the case. Although, the bullish spike on EURGBP is inevitable.
What Is The Market Telling Us?
Price had a significant bearish impulse move towards the demand zone
Bullish reaction upon touching demand zone, market is currently ranging in consolidation
When Should We Enter?
Will be waiting for a clear breakout pattern, preferably with a retest on 15M chart
Since we are bullish, wait for a breakout to the upside before making any BUYS
EURGBP short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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