Strong pound won't allow EURGBP to riseThe strong pound shows us on EURGBP that we will fall even lower. When the price will meet 0.835 area I will look to buy this pair to at least 0.85 and from there we could go even lower down to 0.8 area.
Look for a confirmation if you want to buy it from 0.835 - wait for it, don't rush into a buy.
Eurgbptrend
EURGBP HAS 733 PIPS PROFIT POTENTIAL.In the name of Allah, the Most Gracious, the Most Merciful.
THIS IS PENDING ORDER NEED WAIT FOR ENTRY PRICE.
BUY EURGBP : 0.85867
1ST TARGET: FURTHER DETAILS ARE UPDATED IN VIP GROUP.
2ND TARGET: FURTHER DETAILS ARE UPDATED IN VIP GROUP.
3rd TARGET: 0.93190
STOP LOSS : FURTHER DETAILS ARE IN VIP GROUP
RISK 70 PIPS: REWARD 733 PIPS
THIS ONE IS RISKY TRADE USE 0.01 LOT PER TRADE
WE ARE DOING ANALYSIS ON EURGBP IN WEEKLY TIMEFRAME
WE HAVE FOUND A (FURTHER DETAILS ARE IN VIP GROUP) CONFIRMATION.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
EURGBP IS READY FOR BULL MOVE.In the name of Allah, the Most Gracious, the Most Merciful.
EURGBP IS READY FOR BULL MOVE.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
WE NEED TO WAIT FOR SOME BULLISH CONFIRMATION CANDLE.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
EURGBP Weekly Outlook: Over 0.87000 this week?After being sold off from highs around 0.93200 on August 13, where is the bottom you might be asking yourself?
Our weekly outlook for EURGBP is bullish, holding above strong support @ 0.85000 with a rally over 0.87000
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EURGBP reversed from resistance, potential drop!
EURGBP reversed off its resistance at 0.85759 where it could potentially drop further to 0.85410.
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#EURGBP, Are we nearing the end of the current wave of declines?A Stochastic indicator on line 7 signals the end of the declines.
The RSI is also very low on line 40, almost at the level it had in April when the eurgbp rose from 0.85-0.94.
The support line at 0.8520, 100 pips lower than the current price.
Buy in the support line area with a target of 0.8720 or buy now with the same target price (slightly higher risk)
WEEKLY EURGBP ANALYSISThis is my long-term analysis of EURGBP. It has completed 4 Elliot Wave impulse waves and is preparing to begin the 5th wave down to complete the sequence.
The Fibonacci retracement from WAVE 1 rejected the 61.8% level, showing the trend is strong. Therefore my target for the end of WAVE 5 and completion of this trend/sequence is at the 161.8% level (0.8454). If I had to guess a time limit on this I would say 3 to 4 weeks.
I would then expect a correction wave.
Happy trading!
Joe