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EURGBP

Don't miss the great sell opportunity in EURGBPTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8955). 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. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . The RSI is at 26. Take Profits: TP1= @ 0.8890 TP2= @ 0.8840 TP3= @ 0.8680 SL= @ 0.9015
Short
by ForecastCity_EU
3
A trading opportunity to Sell in EURGBPMidterm forecast: While the price is below the resistance 0.9305, beginning of downtrend is expected. We make sure when the support at 0.8965 breaks. If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (0.9045 to 0.9085). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.90450) Ending of entry zone (0.90850) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. Take Profits: TP1= @ 0.90050 TP2= @ 0.89650 TP3= @ 0.88950 TP4= @ 0.88500 TP5= @ 0.88100 TP6= @ 0.87250 TP7= @ 0.86200 TP8= @ 0.84000 TP9= @ 0.81200 TP10= @ 0.78400 TP11= @ 0.74950 TP12=@ 0.69350 TP13= Free
Short
by ForecastCity
4
YPP does not work, does MPP work?eurgbp has been keeping a narrow range since May. As you can see, YPP (P) does not work and MPP (P) is functioning. As you can see from Weekly , it is a range quote in the long run. It seems that you can aim for long after confirming support of MPP (P). << tactics >> 1) MPP (P) 0.88187 is functioned as a support line. Long entry. The first limit is under WePP (R1) 0.88841. The second limit is under MPP (R1) 0.89194. 2) It is doubtful whether MPP (P) 0.88187 functioned as a support line. After penetrating downward, check if it functions as a resistance line and consider a short entry. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea