Eurgbpsell
EURGBP SHORT INTRA-DAY AND SWINGEURGBP is currently trading below $0.83678,a signnificant level.
Comparing Weak Vs Strong currencies this past week (end 2/14), GBP shored much much much more strength whereas EUR traded as the weakest of all currencies-- meaning a SELL bias for the pair.
Monthly chart analysis has the pair looking to test Supports for bounce.
A good technical approach on this pair provides awesome Short opportunity to Support with potential continuation to downside or counter-trend to upside targets depending on price action and/or currency strengths.
Momentarilly, Daily and 4Hr analysis should follow.
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EURGBP - FOREX - 03. FEB. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bullish reaction and pressure
4 HOUR
Prices at previous resistance, looking for a turn now.
DAILY
Overall Bearish market and price action with a pullback to the upside.
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FOREX SETUP
SELL EURGBP
ENTRY LEVEL @ 0.84720
SL @ 0.85090
TP @ 0.84000
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EUR/GBP patterns on 4hrs candleFor this pattern to be valid we need a couple of more 4hrs candles to put Stoch RSI in overbought position then it is ready to break the channel since MA7 is not strong recently to break MA50.
Again, IF EVERYTHING BE NORMAL! NO STRANGE FUNDA OR NO CORONA VIRUS KILLS ANY FAMOUS PERSON!
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
Looking really good. I believe that EURGBP is going to start climbing to the upside. First I would like to see a nice pull back and a clean rejection off support giving us a good entry. Watching very closely. Definitely at the top of our watchlist.
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
Bit a push to the upside, looking really good. I am not going to rush into anything. Like gold and oil you really need to respect pound pairs as they can move very violently. Its still early in the week so we need to be patient. I would like to see a nice pull back down giving us a good opportunity for a clean entry! Definitely on the watch list. Keeping a close eye on this
EURGBP SWING SELLAs mentioned in the friday's video watchlist price restested perfectly the descedign weekly TL that lines up with previous structure retest,daily support leavign a big weekly shadow behind failing to break above the 0.8600 area so right now im shorting this pair after a 3rd wave atleast to the 0.8400 area
EurGbp to retest 0.84 figure?From the middle of August, EurGbp is in a clear downtrend. The pair reached a low at 0.83 and corrected upwards.
The correction reached 0.86, a previous consolidation zone.
As long as 0.86 zone holds we consider the downtrend still intact and a retest of 0.84 support is probable.
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
As mentioned keep in mind that we have pound news today. This pair is definitely looking good. As I said in the last video I would like to see EG push up a bit and give us a nice clean rejection off resistance then we could look to take a trade.