EUR/GBP BUY SIGNAL ey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/GBP: Day-Swingtrade-Execution
Markt-Buy-Order: 0,91030
Stop-Loss: 0,90395
Target 1: 0,91575
Target 2: 0,91925
Target 3: 0,92460
Target for One-Target-Trader: 0,91925
Stop-Loss: 63,5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,32
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Irasor
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Eurgbpforecast
The necessity of confirmation for the Ending Diagonal patternThe necessity of confirmation for the Ending Diagonal pattern completion
This week the best currency for trading is EURGBP. And as we mentioned in the previous analysis, there is a probability that the 5th wave of from Ending Diagonal pattern has ended in the range of 0.9022.
In order to have confirmation for the completion of this pattern, the price requires to cross the range of 0.9112 (end of 4th wave).
The initial target of this uptrend would be 0.9450
EurGbp- back to 0.93?After the strong rally at the beginning of September, EurGbp corrected and consolidated for more than a month now.
The pair seems to have found strong support just above the important 0.9 zone and now looks ready for a new leg up.
Dips should be bought for this pair and bulls can expect 0.93 as a target.
A daily close under 0.9 would negate this outlook.
What i think for Eur / GBP the price have reached a strong resistance Area trying to break the symmetrical triangle to go up but i think it will retest the lower line again before going up
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Ending Diagonal pattern and uptrendThe formation of a probable Ending Diagonal pattern and the possibility of the advent of a very large uptrend is existed.
The first ascending wave from the 3rduptrend is completed in the range of 0.9291, and the price in a corrective movement of this trend at the end of the C wave from the ii point is completing the Ending Diagonal pattern. There is a scenario that we initially have the formation of a very short and temporary downtrend to the range of 0.9000 to0.8990 and then in continuation with a quick momentum the price hit the targets of 0.9500 area.
* It should be noted that, if the price can cross the range of 0.9163, the uptrend formation is confirmed and the Ending Diagonal the pattern is completed in the range of 0.9008.
** The analysis will be included in the daily chart soon.**
EURGBP SWING TRADE of the day 13-Oct-2020EURGBP
It has reached lower side of the support level and unable to break the level and forming a nice triangle pattern. And the negative brexit headlines
are supporting the long for EUR.We can expect the price will reach 0.91320 which is the trend line resistance zone. If the price broke to the downside then
we can expect massive downward rally.at the time of writing it is forming a nice bullish engulfing pattern. Stop lose may placed below the 0.89820 level
SWING TRADE-EURGBP
Entry point @ 0.90490
Take profit @ 0.91620
Stop lose @ 0.89820
Don't risk more than 1% of your capital
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EUR/GBP BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we need to wait for a confirmation.
EUR/GBP: Day-Swingtrade-Preparation
Market-Buy: 0,90715
Stop-Loss: 0,90080
Target 1: 0,91400
Target 2: 0,91670
Target 3: 0,92175
Stop-Loss: 63,5 pips
Risk: 0,5-1%
Risk-Reward: 2,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EurGbp- New challenge of 0.93?The drop from 0.93 to 0.9 zone is clearly corrective in nature and after piercing through 0.9050 support, the pair reversed and looks like is resuming its up move.
EurGbp is facing a confluence of the trend line of the flag and horizontal resistance and a break here would accelerate gains for a new challenge of 0.93 recent top.
A dive back under 0.91 would put the pair in a range mood and give reason for a pause