Eurgbp!
EURGBP - 2 Hrs ChartCurrently the price is at the level of 1.618 level.
Expecting for breakout.. As per the Fib Level the price is will move upto 2.618 level.
Lets see how it works..
EURGBP W formation Long Bullish continuationIt is moving towards a W formation on the daily chart .
target1: breakout level after consoldiation
target2: breakout level
EURGBP LONG TRADE SETUPThe weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence and the hourly is turning up against .8679. While above there the pair can see a turn higher.
EURGBP IDEA / Buy oportunityGreat buy opportunity on EURGBP
After a huge decline we finally start to see some indications of trend reversal
- The price broke the lower tunnel trend
- Price retested after breakout and seems to be holding
- we see now a potential double top setup on he hourly time frame before it bounces back again and keeps raising
TP1 range for short term trade buy
TP2 level after double bot breakout confirmation
EURGBP Trade Setup The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence against .8561. While above there the pair can see a turn higher.
Short term signal
@87.14- 87.04
TARGET : 87.94
STOP LOSS: 86.70
GOOD LUCK !
Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8744). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 0.8858
TP2= @ 0.8928
TP3= @ 0.9055
SL= Break below S2
EURGBP Weekly Forecast The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence against the .8287 low. While above .8567 where the hourly right side is up the pair can see a turn higher.
Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8769). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 0.8866
TP2= @ 0.8910
TP3= @ 0.8994
SL= Break below S2
EURCAD SHORTCONFORMATIONS:
1. H&S Daily
2. Hit Fib 50-61% level
3 RSI Divergence 1h/4h
4. break trendline/retest
5. 21/8 crossover
6. break pivot points level
EURUSD SHORTCONFIRMATIONS:
1. Hit fib 50-61%
2. break trendline/ retest
3. 21/8 crossover
4. forming H&S
5. RSI Divergence 1h/4h
EURGBPPOUND will be strong starting of the week than Euro, EURGBP is the pair looking for bearish at initial movement then it reverse back to bullish..
Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 24.
Take Profits:
TP1= @ 0.8938
TP2= @ 0.8842
TP3= @ 0.8745
SL: Break Above R2
Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8441). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.8595
TP2= @ 0.8802
TP3= @ 0.9086
SL= Break below S2
Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8478). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.8580
TP2= @ 0.8664
TP3= @ 0.8785
SL= Break below S2
BUY & SELL TRADE SETUP FOR EURGBPThe pair ended a cycle in wave (1) at .8276 where the 4 is turning up. While above the .8421 lows where the hourly right side is up it can see a bounce correct the cycle from the .9331 highs from 8/12/2019 where the daily is turning down.
