EURGBP SELL FORM RESISTANCE FOR GREAT PROFITSAs we see EURGBP is in uptrend because of volatility in the EUR zone but here we ca see a strong resistance AHEAD
so we can enter sell here on this pair with a low risk and higher rewards
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Eurgbptrend
EurGbp- buyers are in a good positionAs I said yesterday, EurGbp found strong support above 0.9 and the correction from 0.93 recent high could be over.
The pair broke yesterday above down trend line resistance and now is trading stable above 0.91 psychological support.
In my opinion, dips towards 0.91 should be bought for a new restest of 0.93
Interim resistance is just above 0.92
EUR/GBP BUY SIGNAL ey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/GBP: Day-Swingtrade-Execution
Markt-Buy-Order: 0,91030
Stop-Loss: 0,90395
Target 1: 0,91575
Target 2: 0,91925
Target 3: 0,92460
Target for One-Target-Trader: 0,91925
Stop-Loss: 63,5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,32
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EurGbp- back to 0.93?After the strong rally at the beginning of September, EurGbp corrected and consolidated for more than a month now.
The pair seems to have found strong support just above the important 0.9 zone and now looks ready for a new leg up.
Dips should be bought for this pair and bulls can expect 0.93 as a target.
A daily close under 0.9 would negate this outlook.
Ending Diagonal pattern and uptrendThe formation of a probable Ending Diagonal pattern and the possibility of the advent of a very large uptrend is existed.
The first ascending wave from the 3rduptrend is completed in the range of 0.9291, and the price in a corrective movement of this trend at the end of the C wave from the ii point is completing the Ending Diagonal pattern. There is a scenario that we initially have the formation of a very short and temporary downtrend to the range of 0.9000 to0.8990 and then in continuation with a quick momentum the price hit the targets of 0.9500 area.
* It should be noted that, if the price can cross the range of 0.9163, the uptrend formation is confirmed and the Ending Diagonal the pattern is completed in the range of 0.9008.
** The analysis will be included in the daily chart soon.**
EURGBP SWING TRADE of the day 13-Oct-2020EURGBP
It has reached lower side of the support level and unable to break the level and forming a nice triangle pattern. And the negative brexit headlines
are supporting the long for EUR.We can expect the price will reach 0.91320 which is the trend line resistance zone. If the price broke to the downside then
we can expect massive downward rally.at the time of writing it is forming a nice bullish engulfing pattern. Stop lose may placed below the 0.89820 level
SWING TRADE-EURGBP
Entry point @ 0.90490
Take profit @ 0.91620
Stop lose @ 0.89820
Don't risk more than 1% of your capital
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EURGBP - BEARISH BIASEUR - BEARISH
1️⃣ Concerns about a second wave of coronavirus infections in Europe sent investors rushing for safety.
2️⃣ German business morale came in weaker than expected in September, while France's industry morale beat forecasts.
3️⃣ The risk-off mood further fuels the US dollar's haven demand across the board.
GBP - BULLISH
1️⃣ UK Chancellor Rishi Sunak unveiled the government's plan aiming to support the economy and protect jobs over the next six months.
2️⃣ EU's chief Brexit negotiator, Michel Barnier in London for informal talks until Friday.
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TECHNICAL
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- We looking to short EURGBP on SBR level on H1 chart.
- EURGBP in bearish zone.
EUR/GBP SELL SIGNALHey tradomaniacs,
welcome to new free trade-setup.
EUR/GBP: Daytrade-Execution
Sell-Limit: 0,91675
Stop-Loss: 0,92100
Target 1: 0,91230
Target 2: 0,90990
Target 3: 0,90700
Target for One-Target-Trader: 0,90990
Stop-Loss: 43 pips
Risk: 0,5% - 1%
Risk-Reward: 2,26
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Irasor
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EUR/GBP LOND IDEA Hey tradomaniacs,
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/GBP: Day-Swingtrade-Execution
Notice: Market is very volatile! Keep your risk low or stay out!
Market-Buy-Order: 0,91740
Stop-Loss: 0,90965
Target 1: 0,92460
Target 2: 0,92900
Target 3: 0,94000
Target for One-Target-Trader: 0,92900
Stop-Loss: 77,5 pips
Risk: 0,5% - 1%
Risk-Reward: 3,05
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/GBP BUY SIGNAL Hey tradomaniacs,
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/GBP: Day-Swingtrade-Execution
Notice: LOW risk please as POUND can be very shaky due to brexit-talks!
Market-Buy-Order: 0,91015
Stop-Loss: 0,90400
Target 1: 0,91500
Target 2: 0,91880
Target 3: 0,92450
Stop-Loss: 61.5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,42
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
EUR / GBP | Are we going to see 0.9798 the all time high of 2008EUR/GBP | Bearish move after restest?
Are we going to see 0.9798 the all time high of 2008 on breakout of the 0.9500 ?
Well, EUR/GBP lost upside momentum after hitting 0.9289 and now its consolidating which means it remains above 0.90686 we might see another move to the upside.
Breakout of 0.9289 can resume upside move.
Based on what we have already, the next target is 0.89109 .
Thought we may retest the upside first which may show a false breakout.
Let's watch...
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