Eurgbpsell
Wait For The ReverseIt just broke resistance at 0.84780 yesterday and is now slowly moving up again. The previous uptrend (green line) is the new high, which I think it will be bouncing of and reverse in a day or two. MACD is forming a negative double wave, which often signals buying power is weak and it will continue negative.
EURGBP Might be Trying to say somethingOver the past couple of days we've had some mixed feelings about eurgbp but so far i think shes giving as much signals as possible , if indeed we are to break out , the day is today (I have to admit it though , that uptrend force is scary to think about while short at this pair , but oh dear trading wisely is the key.
EURGBP Short Opportunity I AM A GOLD TRADER, but this pair caught my attention as it reminded me of a previous chart i posted 3 months ago on XAUUSD which made profits, and similarly EURGBP looks to be very similar. If you look at my previous idea, on a weekly chart you will see the similarity in price action which i am speaking of and understand what i am stating.
EURGBP:
- Looks to be forming a H&S on a weekly time frame.
-There also seems to be a gap at 0.81562
- The pair looks to be wanting to test a previous MAJOR resistance line, which will become future support (As shown on chart)
Therefore, i am short.
Target: 0.81562
Note *This is a swing trade, may take months to terminate*
$$$$
UK supreme court will confirm T.May right to triger article 50 Eyeballing the immediate trend remains bearish since November made new lows. This is further illustrated with our models signaled up meaning we may be preparing to rally.
At this moment market is still in a downtrend looking at the weekly level. The last high is marked in the first week of October, we remain below key support and resistance is now at 0.84200. On a broader basis monthly levels imply a rise in trend.
Some caution is required with buys on this pair.
EG shortpic should be pretty much self explanatory....the h&S also coincides with the overall direction on the higher time frames.
EURGBP #H1 Bearish Cypher - ShortCompleted Bearish Cypher
Entry: Next Candle Opening or 0.8520
SL: 0.8591 (-70)
TP1: 0.8437 (+83)
TP2: 0.8386 (+135)
EURGBP Respecting the trend line. Looking for buy setups EURGBP Respecting the trend line. Looking for buy setups
EUR/GBP, DAY CHART, SHORT (4-DEC-2016)Our previous analysis on shorting EUR/GBP was correct.
Now, we need to pay attention to this support zone.
If the price manage to break the support zone with strong strength, wait for pullback and short for it :)
Eurgbp changing its trend up to down on weekly chartEurgbp ignore to hold above 0.87 level as last we shared to sell advice from 0.90 toward 0.86 that done.
now on Weekly chart its also changing its trend down to up which can bring in toward 0.81-0.79 level on weekly level
Advice sell in range of 0.8480-0.8670 sl above 0.8750 TP1 0.8150 TP2 0.7950
EUR/GBP, DAY CHART, SHORT (20-NOV-2016)We need to monitor this trade closely.
There are 2 potential setups:
1. The price pull back to the resistance zone near 0.87xx and wait for bearish signals to short
2. Zoom into H4 Chart and look for bearish signal to short.
Trade with right risk management as the current risk/reward is only 1.5. :)
EURGBP Short!! (wait for break)EG still wait for break grey-line.
if EG can't breakout, We still no order here.
Use Sell stop @H1 for jump in.
EURGBP - Libra Pattern - Sell rejection zoneLibra pattern formation looking to form. A short trade with with good R:R (1:3+).
Once price approach the entry zone, I am looking for a rejection of this zone or bearish candle formations such as: a pin bar, dark cloud cover, bearish engulfing, etc.. to enter this trade.
One can go down to a lower timeframe such as H4 to get their entry setup is good too.
May the trade be with you.
AB=CD and Divergence SHORTLet's see what will happen in the next coming days/weeks.
What do you think?
ANYTHING CAN HAPPEN!
EURGBP Short - 0.86100EURGBP has retraced up to the 38.2 fib level from the most recent swing low which has given me an aggressive short entry point back down to the previous lows at the 0.84900 level.
We are overbought on all timeframes from the 4hr down which has given me confidence to bag at least 20 pips or so profit from this trade.
My mid-term bias however is bullish up to the 0.86100 level which has proven to be strong support in the recent past; support turns to resistance and so I will look for a longer term short position from there.
EURGBP Market Analysis and Trading Tips 17th August 2016Traders,
We have had a great amount of success over the past few, with focus on usd/jpy and the BOJ as see in the related ideas, long may this streak continue!
SUMMARY:
The EURGBP pair bounced slightly during the course of the day Tuesday, using the 0.8639 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.8655 Support at the level of 0.8639. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY:
EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
All the best with this pair and please do not over leverage, we can keep a tight sl on this.
GL
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