Eurgbptrend
EURGBP SHORTS 📉📉📉📉 Expecting bearish price action on EG as price takes out buy side liquidity aka retail resistance, the move was very inefficient i call this a bubble move and price should retrace lower to fill those imbalances 0.83688 and 0.83507.
There is also a possibility that price will take out weekly highs and fill d1 imbalance before moving to the downside and this is why i moved my stop way higher.
What do you think ? Comment below..
EurGbp- Bullish Engulfing to mark reversalIn my previous EurGbp analysis I said that 0.83 should be strong support for the pair and, after a very short dip under this level, EurGbp has reversed strongly, leaving a large Bullish Engulfing on our daily chart.
This very well can be the start of a medium-term uptrend for the pair and 0.87 can be bulls target.
Dips under 0.84 should be bought and only EurGbp under yesterday's low would negate this scenario
EURGBP LONG EURGBP forming a great channel and bouncing back from the important support zone.
Great time to go long in this pair with a R:R of approx. 1:6.5+.
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EURGBP | Strong Bullish SignWhen it comes to EURGBP , we've seen price tested the previous support zone and bounced back each and every time, which clearly show the signs of demand. Now price is making newer highs. And I'm not seeing enough resistance to hold the price till T1, which is the first exit point you should consider.
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EurGbp approaching strong supportDecember has been a very good month for Gbp, with the currency gaining in almost all pairs and in EurGbp's case gaining around 250 pips.
At this moment the pair is approaching very strong support and we can have at least a correction from that point
I'm looking to buy this pair and with a target of around 0.8450
A break of support would negate this scenario