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Longeurgbp

LONG on EUR/GBPYo people, I am looking at a potential long on Eur/GBP. The sentiment for Eur is risk on. If we look at the technicals, considering the Elliot wave pattern on the 4H TF we have perfectly completed 3 waves and are in a correction which is the 4th Wave. I am expecting the price to move down to 31 to 50% Fibo level which is the marked Red zone and then go long based on price action confirmation to 0.90 level which looks like the supply level. Lets wait and watch and pls comment if you agree or disagree on the Idea and lets learn together. Thanks Madtradex
Long
by Madtradex
2
LONG ON EUR/GBPOn the weekly timeframe we have a downward channel and price is currently bouncing off a support/demand zone as well as the trendline. The overall trend for this pair has been down, so if price decides to break support and fall it would actually be (expected) because of the trend (even though I am taking a buy on this trade) If price breaks and retest the support level I will look to exit my buy position and enter a short position. Here is the play I will be taking on this trade: PAIR = EUR/GBP ORDER TYPE = BUY STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 0.83899 STOP LOSS = 0.82966 - 93 PIPS TAKE PROFIT = 0.85440 - 154 PIPS
Long
by TB305
EURGBP Long IdeaExpecting some bullish pressure of the EURO. Price made a bearish fall but ultimately respected the monthly trend line. Price then formed a double bottom (which is a bullish candlestick pattern) There was also bullish divergence confirming that price was ready to make a push to the upside. I am looking to enter a long positon, once price make a retracement and test the neckline of the double bottom, which also will fall between the 50.0 and 61.8 Fibonacci level.
Long
by NoCeilingsTrading