Potential H&S PatternEurGbp D TF. Head and Shoulder pattern is confirmed if neckline is broken. If broken the target distance will be equal to the distance from ahead to neckline. If you sell now your stop loss should be above the Head.
Eurgbpshort
EURGBP: Retracement Movement Occurring... High Resistance Zone!!Looking at EURGBP, I will be expecting a BEARISH movement occurring soon from this area. Previously, we managed to see several rejections off the resistance zone (red area). Looking at 2 diff fib level, we can see that the first retracement will be to the 0.5 fib level while the other shows a potential 1.68 fib retracement. There is also an area of support at that level. Therefore, if BULLs continue i will see a minimal retracement till the level before further bullish movement. If BEARISH continues, it could be a good R:R trade.
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EURGBP SellEURGBP reversal signs approaching a supply zone.
The market is a little bit choppy
Same trading tactics.
EURGBP short trade ideaPlan: support level breakout --> 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
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GWBFX
EURGBP OutlookContiuation Bullish after retest support trendline and up impulsive. Potential to make bullish flag and will be up to harmonic cluster in ressistance trendline
EURGBPEURGBP went up as we predicted 2 weeks ago (see tradingview November 22) and now we expect a rejection to the Fib 0.5 area then it will go up again.
EURGBP - SWING - 01. DECE. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bearish market pressure..
4 HOUR
Overall bearish waving market structure, good short entries!
DAILY
Pullback in a midterm downtrend.
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FOREX SWING
SELL EURGBP
ENTRY LEVEL @ 0.89480
SL @ 0.89920
TP @ 0.88820
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN
EURGBP: Sell OpportunityTrend: Bearish
Type of Entry: In Trend
Order Type: Limit
EURGBP is in a good sell zone to try a sell entry on retracement.
EURGBP second entry after initial SL hitRe-entered on this based on volume and associated price action.
EURGBP 4hr shorteurgbp is playing in a descending channel n has found rejection on the top trendline of the channel
EURGBP / HUGE SHORT INCOMINGYou could short this now but probably best to wait for break and retest of the support zone
EURGBP SHORT PLANEURGBP DAILY CHART
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Short on Pullback | Strong Zone of Confluence-Ascending TL breakout, looking for a pullback to retest confluences
-0.5 fib retracement
-Previous S&R zone
-MA50 shifting momentum
EUR/GBP Technical Analysis
The counter has been in a steady decline for the last 3 months.
Now, it has hit a strong support level which could trigger some profit booking.
Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.
Hence, we expect the pair to be bullish in the short-term.
EURGBP Short Selling SignalEURGBP seems vulnerable as the Pound has already seen a drop and is now stabilizing but Euro is still weak.
Sell @ 0.8950 with sl @ 0.8985 and tp 0.8930, 0.8910 and 0.8890
EURGBP - 1D - SELL TREND 1. Triangle pattern formed...
2. overall trend also down....
3. breakdown to sell ...
EURGBP - Bearish BiasEUR - BEARISH
1️⃣ As rising coronavirus infections remain in the spotlight and enthusiasm over a working vaccine fades.
2️⃣ In Germany, the federal government and regional leaders will meet again in a week to discuss the need of further restrictions.
3️⃣ The Eurozone consumer prices dropped 0.3% from a year earlier in October 2020, matching the previous month's decline.
GBP - BULLISH
1️⃣ Optimism surrounding a post-Brexit trade deal as Britain's chief negotiator David Frost told Prime Minister Boris Johnson to expect an agreement with the EU as soon as early next week.
2️⃣ Annual inflation rate in the United Kingdom jumped to 0.7% in October of 2020 from 0.5% in September, and above market expectations of 0.6%.
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Technical
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We are looking to sell the EURGBP at the resistance of 0.89550 + below SMA 50 on H1 chart.
