EURGBP Breaking Point Of Descending Triangle.EURGBP is trading in Descending triangle pattern. It is also trading at 62% of Fibonacci retracement level as you can see in chart. If it breaks out of descending triangle pattern we might see further downside toward the 0.8625 level and further towards towards Fibonacci 78% retracement level. There is high chance of either continuation of sideways to downside trend.
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Eurgbptrend
LOOK OUT BELOW!!!!! - EURGBP crashing down SELL at marketGBP is strengthening across the board this bank holiday Monday and GBPUSD LONG is looking good (i've already analysed this) and EURGBP looks a standout SHORT trade.
My specialist indicator is strongly suggesting a SHORT/SELL trade on this pair with S1 resistance below which will be a target for BEARS. I think this level may go so I'm targeting .8640.
I'm in at .8753 with a STOP at .8788. WS1 at .8710 will support so expect a bounce but these's so much bearish pressure .8500 is not out of the range of the BEARS .
EURGBP WILL NEED BIGGER SLHI, TRADERS
MY NAME IS KD
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YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
HAPPY TRADING~
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EURGBP Trading at Support Line.EURGBP breaks out from the descending triangle pattern from its top, also it is continuously trading in the downside and now at the current level is has taken the support of support line 1. If it breaks this support, we might see further downside towards the support line 2 or if it takes support at the current level, we might see some consolidation in support line 1 and support line 2.
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BE PATIENT AND LONG EURGBPHI, TRADERS
MY NAME IS KD
TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :)
YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
HAPPY TRADING~
_________________________________________________
WANT TO GET MORE ACCURATE AND IMMEDIATE SIGNAL?
Telegram: KDEZ00
EURGBP LONGHello!
Looks like good entry to go LONG.
Price didn't brake support level and broke trend line.
Made double bottom.
High momentum in this level.
Risk ratio 7:1
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
EUR/GBP SHORTOk. Looks like we have on more impulse to down.
I will wait for some mini bounce back to retest previous support level and from there I will open SELL position with 5:1 risk ratio.
Let's see what chart sign will give us.
DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
EUR/GBP Waiting for confirmationHello all!
Hope you are well.
So what's next? In such a case like this, we have to wait for better confirmation and understanding where the chart can go.
There is 2 options:
The price will bounce now and after will comeback retest this level 0.90
The price will break this level 0.90, retest it and will fall up to 0.88
So be patient guys and wait for confirmation.
Thanks!
DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
EUR/GBP Take ProfitSo after all day we already in 100 pip profit!
4 in the row we are in the profit.
We can move our SL to break even and more (around 50 pip profit).
Or we can close the position if you want.
There is a possibility that the price will bounce back a little bit.
Let's how it works.
Have a nice evening! ;)
DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
EUR/GBP SELLHello!
Ok, so what I'm expecting right now?
There is my opinion on this pair.
You can see clearly in the chart what I'm expecting, just need some confirmation.
There are 2 ways how it can work:
Pattern: Ascending channel and after it will brake trend line we can sell it.
Price can reach 0.93 level and then it will go down.
Let's how it works and be patient till chart will give you a perfect sign when to open position.
DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.