Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8877). 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....
Currently 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..
It is moving towards a W formation on the daily chart . target1: breakout level after consoldiation target2: breakout level
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 and the hourly is turning up against .8679. While above there the pair can see a turn higher.
Great 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...
BIG POTENTIAL THAAT AAPLE GO UP SO BUY
BIG POTENTIAL THAT EURGPB GO UP SU BUY IT
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:...
Trading 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...
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.
Trading 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...
CONFORMATIONS: 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
CONFIRMATIONS: 1. Hit fib 50-61% 2. break trendline/ retest 3. 21/8 crossover 4. forming H&S 5. RSI Divergence 1h/4h