EURGBP HUGE BUY incoming!Hi fellow traders, Very good buy opportunity will be there on EURGBP . Let's have some more patience and let this huge WXYXZ corrective structure complete. Goodluck!
Eurgbptrendanalysis
What I'm seeing on EURGBP!Price currently approaching my long term trend line. If it holds then we fall, if it breaks then we could be expecting a fall from my upper trend line. Till then lets see
EURGBP: Bullish Idea & Trade PlanEURGBP is at the critical resistance area around 0.9075
The first impulsive move up is completed followed by the correction. At present, it's creating the second leg up.
The Fibo Extn. 100% coincides with the rising channel top at 0.9250 which is the next target once it breaks above 0.9075 and successfully re-tests it as a support.
The two possible variations of this bullish idea could be:
1. It breaks above the immediate resistance around 0.9075 and completes the second leg up.
2. It ranges between the support at 0.8860 & resistance at 0.9075 for a while and then pushes upward to the target.
Invalidation of this bullish setup would be the break below 0.8860
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
EURGBP IN DESCENDING CHANNELHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair is in descending channel and as per our analysis it will continue to go down till its support. One can take a sell trade and keep their TP near support area.
Let us know your views on this in the comment section. Thank you all.
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Ryan.R..Lopes
