Eurgbptrend
EUR/GBP Technical AnalysisThe day chart of EUR/GBP pair is currently in a descending channel formation.
The pair was in a long rectangle pattern formation(sideways) and then broken.
But it immediately faces the trendline of downchannel and so it is possible for the pair to exert selling pressure in this price zone.
If sideways breakout becomes a fakeout, then a good downward move is possible.
Chunneling up!-The EURGBP 0.20% yearly candle is green having crossed above the yearly open.
-It crossed above the 50% mark of the old range.
-It's poking above a key S/R level .
-The RSI reads bullish (>50) as it breaks above resistance while still having plenty of room to move to the upside before hitting the over bought range.
-All of this occurs as EURGBP 0.20% breaks out of a falling wedge giving us a measured move target (T2) of ~0.917 IF we make it past the first target (T1) of ~0.903 at the top of the old range.
EUR/GBP Technical AnalysisThe 4-hour chart of EUR/GBP was in the sideways trend.
It was in the price range between 0.86983 to 0.88406 .
The price action indicates that it has given a bullish breakout from the sideways pattern.
We expect the bulls to take control over the counter if it sustains above the price range of 0.88406.
EUR/GBP Sell Trend PossibilityIt seems EUR/GBP is hovering around it's bearish channel resistance. It's best time to sell until price @ 0.87300
EURGBP Buy TradeConfusion Confusion Confusion: This Pair Is Sending Mixed Reactions At The Moment But If We Close Around/Above 8787 Levels (On The 2h TF) Then It Would Be A Perfect Buy. A nice SL will be around 8769 Levels
Short Term Eurgbpsell setup eurgbp 0.8745
target 0.8600
stop 0.8800
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EURGBP, Correction extends into complex modeLooks like we are getting a complex correction for EURGBP. (Smells like we just completed an X wave) Expecting a Y wave. Shall see what plays out thereafter.
Ultimately, we are looking for a move downwards after this complex correction finishes.
sell order eurbp intradaywas formired down cycle elliota
i think open sell order with stop loss 0.87800
EURGBP Short Trade PosibilityEURGBP : A perfect trade for trend continuation. Hoping for a bigger drop in the coming days. Trade carefully tho, have your SL's in place.
SL: 0:872 Levels TP: 0:8647 (Perfect Trade Lol) Levels
EURGBPIf you see in D1 chart we have Bullish pinbar on main support level.
very good opportunity to buy for more then 500+ pips.
Good Luck :)
EUR/GBP Bearish Channel BreakoutEUR/GBP Breakout's it's bearish channel short term bearish setup. Now there is a good Opportunity to go Long term buy until price @ 0.89200
Follow Me: Inverted Head & Shoulders on EUR/GBPAn inverted Head and Shoulders just completed on EUR/GBP as well as breaking the current down trend.
Looks like a good opportunity for a long.
EUR/GBP Buy Trend OpportunityCurrent market of the EUR/GBP breakout's it's support price @ 0.86691. Now there is a good opportunity to go buy until price @ 0.89205
EUR/GBP Bearish PredictionEUR/GBP is on downtrend. Now there is a much possibility for bearish movement until price @ 0.87845
EURGBP, Looking for a fakeout bullish break above 0.90 level Looking for another move higher in EURGBP to somewhere near 0.9085-0.91 which is the 0.618 level.
Thereafter the corrective move should terminate and we could see an impulsive move to the downside. Targeted levels are near 0.834
Possible EW wave count on EURGBPLooking for a dip on EURGBP to somewhere near 0.834 level before deciding on next course of action
If this is a start of a downtrend (Wave 3), it should break below 0.834, as wave 3 is usually the strongest and largest.
If this is a corrective ZZ, expect this correction to terminate near 0.834 as wave C. Length of Wave A = Wave C
EURGBP right on major resistance, potential drop!EURGBP is now testing major resistance at 0.8911 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong drop could occur from this level to push price down to 0.8747 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/GBP Short term Sell trend OpportunityFrom the below analysis we have clearly mentioned EUR/GBP follows a sell trend with downward rectangular formation. Now it's possible for a breakout from upward trend to down trend until price @ 0.87567
EURGBP Midterm Trading StrategyEURGBP Midterm Trade Strategy
We have entered a short trade and it is running as predicted.
As seen on the chart, following the short-term support, the trendline is broken as well.
The main support is 0.87400.
On the fundamentals side, GBP is much stronger than EUR.
Currently, the pair is trading at 0.87782. We may see some correction of 10-15 pips.
Those levels can be used as adding short orders with the target 0.87400.
If the price breaks below the 0.87400 support, we will add short orders targeting 0.86900 and 0.86700. We will follow the fractal peeks line and MM levels.
EUR/GBP Sell OpportunityIt seems EUR/GBP Will go down today, Also we have already provided EUR/GBP will be bearish until price reached @ 0.87421
