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Eurgbpsell

POTENTIAL SHORT TRADE SETUP ON EURGBPHi Traders, The 1-hour chart of EURGBP shows a broke out of a support level with a textbook five-wave impulse. . Currently, the price seems to be making a three-wave zigzag corrective pattern which is most likely to terminate around 38.2 and 50.0 Fib ratio that lined up with the broken support turn resistance and moving averages. . Given that the correction is almost complete at the confluence zone, we will wait for the break out of the CTL to confirm the sell setup and break of the red horizontal line for a more conservative entry. . Best of luck on the chart! Veejahbee.
Short
by Veejahbee
Elliott Wave View: Downside Pressure in EURGBPEURGBP shows a sequence of lower low from August 29, 2017 high, suggesting further downside is likely. The bounce to 0.9105 on January 3, 2019 high ended wave (2). From there, pair declines as a double three Elliott Wave structure where wave W ended at 0.8615 and wave X ended at 0.884. Pair broke below wave W at 0.8615 and confirmed that the next leg lower in wave Y has started. From 0.88407 peak the market is currently unfolding as an Elliott Wave Zig Zag structure. Which ended wave (a) at 0.8665 low. Above, from there it ended wave (b) bounce at 0.8730. Below from there we expect it to extend into the blue box area of 0.8552-0.8510, which is the equal legs of wave (a)-(b). Where we expect wave ((w)) to end. Afterwards we expect a bounce in wave ((x)) to occur. As long as the market stays below 0.88407 peak we expect it to extend lower.
Short
by Elliottwave-Forecast
EURGBP - WEEKLY SWING - 13. FEB. 2019WELCOME TO DACAPITAL-TRADING! EURGBP FOREX BREAKDOWN 13 FEBRUARY 2019 1 HOUR Slowly was rising towards our resistance area and reacted instantly 4 HOUR Instantly good reaction from our levels as predicted DAILY Consolidating waving structure, following this move.. LEVELS SELL EURGBP ENTRY @ 0.87920 SL @ 0.88270 (35 Pips) TP @ 0.87390 (50 Pips) RR: 1.50, use normal risk! IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Short
by DACapitalTrading
1
EUR/GBP Potential Sell Setup At H2Price has been in a downtrend, and just broke out of its retracement (black arrow). Pink line would be the best to SELL with minimum risk (if the price reach there). However, if it didn't and the price breaks the lowest blue line, it might not go to the pink line anymore. This could signal the start of a downward movement to the yellow zone, which is my TP area. TAYOR and please use proper money management! Do SHARE with your friends and COMMENT your thought on this. I'll reply to each one of them. :-) Thanks! KHALID HAMID, Best Trading Guru 2018 In Malaysia (TradersAward.com)
Short
by tfspriceaction
EURGPB has local downtrend. So lets try to catch some profit! ))I open sell position on EURGBP at 0.8784. SL 0.8813 because pair can go higher and make another higher extremum near 0.8800 TP1 - 0.8748 RiskRewardRatio - 1.3 TP2 - 0.8726 RiskRewardRatio - 2.0 TP3 - 0.8711 RiskRewardRatio - 2.5 Off course i will close profit position manually if i'll see somithing wrong. If EURGBP going lower - you need to see EURUSD and GPBUSD pairs. At that time EURUSD may going down faster than GBPUSD.
Short
by bigwashing87
EURGBP - WEEKLY SWING - 01. FEB. 2019WELCOME TO DACAPITAL-TRADING! EURGBP FOREX BREAKDOWN 30 JANUARY 2018 1 HOUR Strong bullish reaction towards our entry and sellers takeout! 4 HOUR Midterm pullback done now downside! DAILY Overall bearish moving market with a 50-61% Pullback of previous X-A Wave! LEVELS SELL EURGBP ENTRY @ 0.87880 SL @ 0.88790 (90 Pips) TP @ 0.86520 (135 Pips) RR: 1.50, use normal risk! IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Short
by DACapitalTrading
4