Eurgbpsignal
EurGbp: Bullish setupWill it crawl down a bit first before the bulls take over, or it will go now. I expect a low any moment from now.
EUR/GBP Challenging May's Strong Support. Wait For The Break OutAs long as EUR/GBP Holds Strong support since May, we shouldn't sell before breaking below the 0.8850 price zone. Breaking below 0.8850 Next Target 0.8700.
Since August EUR/GBP Falling From Descending Channel. Only Breaking Above 0.9020 will lead to buying. next target 1: 0.9140 and Target 2: 0.9240
4H Forex Trend Following Strategy With 200 MAThe downtrend of EUR/GBP shows that EUR/GBP will probably touch a major trendline, and it will touch the targets 0.9000 - 0.9060 . By following the Moving average, I suggest traders buy at a price after the above crossing of Price the MA 200 and sell at a price below the 200MA.
But because of an election, there is a possibility of fluctuations. Therefore maybe the trend falls from the major resistance trendline and touches the support trendline by crossing the levels 0.8960 - 0.8920 .
EURGBP 60 PIP BUY Looking at a 60 pip rise on EURGBP . Price is currently situated at the 0.368 fib level, alongside this we also have an intersection of two trends. The trend line showing bullish momentum i believe will have the upper hand due to the strength of the overall trend. Furthermore in perspective it is also forming a long term pennant , however due to the strong bullish momentum beforehand i believe this will continue bullish once broken. At this intersection point we have already seen a slight rejection and the RSI (10) showed an oversold condition at this point. Unfortunately 200 EMA is not showing much however with the points stated i can see EURGBP returning to a short term bullish trend to the upside of the pennant to test it once more. Taking this into consideration i will look for further entries. With price situated at the 0.368 fib level and being at a signifcant point in two sections of trends i can see price rising once more. TP is currently set at 60 PIPS where as the SL is set at 35 PIPS
EurGbp- I remain bullishEurGbp is trading in a range with the pair being very well bided in 0.9 zone.
Yesterday the pair created a higher low on the short term time frame and a clear break above 0.91 should accelerate gains towards at least 0.9250 zone.
I will remain bullish on this pair as long as 0.9 holds
EurGbp- buyers are in a good positionAs I said yesterday, EurGbp found strong support above 0.9 and the correction from 0.93 recent high could be over.
The pair broke yesterday above down trend line resistance and now is trading stable above 0.91 psychological support.
In my opinion, dips towards 0.91 should be bought for a new restest of 0.93
Interim resistance is just above 0.92
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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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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EURGBP SELL OPPORTUNITY Eurgbp is seen currently in a parallel channel and a rejection f the upper trendline should trigger a fall to the opposite trendline.
I am expecting a fall in price for Eurgbp with the invalidation level as seen on the chart
EURGBP SELL Bearish continuation
TUESDAY, 6 Oct 2020
#EURGBP SELL
ENTRY = NOW at 0.90700
SL = -40 PIPS
TP = +110 PIPS
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
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
EurGbp- I expect a new leg upEurGbp had a good run from 0.8860 to 0.9300 and after this a correction was normal.
This correction seems to be a simple ABCD pattern and I expect a new leg up from this pair
Dips above 0.9 should be bought and 0.9250 zone could be the target
EUR/GBP BUY SIGNAL Hey tradomaniacs,
welcome to new free trade-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
Notice: LOW risk please as POUND can be very shaky due to brexit-talks!
Market-Buy-Order: 0,91015
Stop-Loss: 0,90400
Target 1: 0,91500
Target 2: 0,91880
Target 3: 0,92450
Stop-Loss: 61.5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,42
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Irasor
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EURGBP LONG SET UPTITLE/(DATE)- Buy EUR/GBP (8/31)
ASSET- FOREX
PLATFORM- MT4
ORDER TYPE- BUY LIMIT
Time Frame- 4HR
ENTRY PRICE 1- 0.88880 (pending)
ENTRY 2- 0.88640 (pending)
STOP LOSS- 0.88380 ( 50 PIPS)
TAKE PROFIT 1- 0.89380(50PIPS)
TAKE PROFIT 2- 0.89880 (100 PIPS)
TAKE PROFIT 3- 0.90380 (150 PIPS)
TAKE PROFIT 4- 0.91880 (200 PIPS)
STATUS: 🚨PENDING 🚨
EUR/GBP 29.08.2020Open Position: Sell 0.90013 (valid until 09.09.20)
Take Profit: 0.89436
Stop Loss: 0.90468
EURGBP - DECISION TIME*ENG*
- Price reaching our supportive zone and showing some difficulties in breaking.
- Look for reversal signs ( bullish engulfing , morning star , etc).
- In case of a break, wait for the retest.
*PT*
- Preço a atingir a nossa zona de suporte e a demonstrar algumas dificuldades em quebrar a mesma.
- Procurar por sinais de reversão ( bullish engulfing , morning star , etc).
- Em caso de quebra, aguardar por um retest.
EUR/GBP SELL SIGNAL Hey 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: Daytrade-Execution
Notice: Keep your risk low as EUR/GBP can be very volatile.
Market-Sell-Order: 0,90320
Stop-Loss: 0,90460
Target 1: 0,90170
Target 2: 0,90075
Target 3: 0,89940
Stop-Loss: 14 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,58
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
