EURGBP SELL IS THE MOVE yo whats up guys , welcome to another new analysis today we have EURGBP i believe its about to go down and here is why :
first of all we have
- Last monthly candle closed as a big hammer with a huge wick which signals the Sellers are dominating
- and on the 1D T.F we can see a head and shoulder pattern being formed on a KEY level as neckline and under a falling trendline which had few breakouts
- the Neckline was not only broken but was also retested we might be having a bearish move comming soon
this is not financial advice this is just a point of view
personally i will wait for a little bit more confirmation and enter on a sell asap
Eurgbpshort
EURGBP - Breaks the support ✅Hello traders!
⁉️This is my analysis on EURGBP .
As I said in my previous analysis, here price first rejected from support and then filled the imbalance above. After that price rejected from bearish orderblock and I expect price to break the support and re-test it for a short position.
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UPDATEWhat to Watch: EUR/GBP
This busy trading week is off to a bit of a slow start, so I’m just looking at this simple trend play on the short-term chart of EUR/GBP.
The pair has formed higher lows and higher highs inside a rising channel that’s been holding all month, and it looks like another test of support is due.
Using the handy-dandy Fib retracement tool on the latest rally shows that the 61.8% level lines up with the channel support at .8685 while the 50% level is closer to an area of interest.
EURGBP UPDATE: SELLINGIn that simple EURGBP chart analysis, the price has fallen out of the wedge to the downside, showing that a bearish move is about to start, as the price has failed to make a new high, and it's currently respecting the resistance level in the h1 timeframe. Also, a bearish engulfing candle has formed below the resistance line, showing us the signal to short this market. Entry: market; stop loss: 0.8775: take profit1 0.8737; take profit2: 0.8723
EURGBP BIAS: BEARISHGood morning there. Currently, the EURGBP has broken out of the wedge to the downside. The price is respecting the resistance and an engulfing candle has formed on H1 right now, showing us a cool bearish signal. Watching the analysis in the chart, you will see clearly what is going on in the EURGBP MARKET. YOU CAN TAKE A SELL ORDER NOW. 0.87153 is our profit target area. Your stop should be at t 0.87850. 1:3RR
Possible 300 pip move after confirmation My past EURGBP analysis didn't play out as planned, looking at the daily I see why. The market wasn't ready to go short yet and still isn't. I am going to be waiting for a daily choch to the downside as my confirmation. If I get con formation I will then go to lower timeframes to get a refined entry. For now I'm leaving EURGBP. Also I'll keeping an eye on fundamentals assessing if they align with technical. We have GBP interest rate next week so keep an eye on that.
EURGBP on correction pathConsidering the failure to cross the previous peak and the decrease in momentum in the EURGBP currency, the price will probably enter the corrective phase.
TIME : 4H
SIDE : SELL
BUY 0r SELL ZONE : .864
TAKE PROFIT : 0.86
STOP LOSS : .867
R/R = 1.5
MIDTERM SIGNAL
#FOREX
#EURJBP
EURGBP possibe doube top short for 0.85509th September daily inside bar, while 10th September daily key reversal bar made a new high off the low. supply zone 0.8675. Preliminary support 0.8620 from where price may retrace again upside. need to break 0.8620 for target 0.8550. stop loss 0.8735. target 0.8550.