Eurgbpshort
EURGBPCurrent Trend(Upside)
TG1 = 0.89695
TG2 = 0.90090
Possible Current Trend Breakout(Short)
TG1 = 0.89058
TG2 = 0.88628
EURGBPUpside Target (Upto Resistance Level )
TG1 = 0.92562
Reversal Targets
TG1 = 0.91680
TG2 = 0.91245
TG3 = 0.90643
Maintain Stoploss Ratio 1:3 {or As per Convenience}
EURGBP | SHORT | COUNTER TREND TRADEL ets use this beautiful correction as a Counter Trend Method..
Used Fractal Flow with Andrew's Pitchfork & Schiff Pitchfork Method.
Trade With Caution
Great Chance - GO SHORT EURGBP - BIG DOWNTREND is WAITINGEverybody knows that head and shoulder is formed and waiting for the short entry. Here the time is:
Enter SHORT around 0.8965
Stoploss : Above Right Shoulder around 0.9014
Targets : 0.8920/0.8870/0.8700
Also do trendline as a trailing stoploss for capturing the entire downtrend.
NOTE : This is my suggestion and do your own analysis. There is a chance for stoploss hunting beware of it.
SELL EURGBP!!!There's a strong resistance here(weekly). So, we can take a nice short here for the target shown in the chart!!! Prices also showing good pullback downside so, it may be a good trade for us !!!
Also, last week prices take good upside route and a recovery to downside is strongly expected from here...
That's all for now...
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BUY EURGBP!!!On Friday, EURGBP hovered around 0.89400 levels which holds a good support according to both Bollinger Bands and trend channel formed in 4 hr chart.
So, we can long this pair for approx. 0.90100 levels as take profit. It has high chances that price will test that range this coming week or maybe higher as we see from a Daily perspective.
So, we are bullish on daily chart also.
It is a great opportunity in EURGBP to grab!!!!
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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.
Shorts to come in at 0.9312 for EURGBP
With two high impact data to be release for GBP and one for EUR, expecting EURGBP to move towards 0.9312 from where short position could be executed with 15 pips SL and 50 Pips TP.
Note: Stop loss (SL) are to be used for the purpose of risk reduction, given major economic data is to be released a 15 pip SL has been placed for volatility expectation.
EURGBP Near Sell AreaSell Below 0.89600 Stoploss- 0.89900 Target- 0.89200-0.88850
Reasons for trade- 1. Price is near to daily channel resistance formed in Aug 17 2.4 Hour chart has formed double top pattern and took resistance twice from 0.89900 levels. 3.multiple support taken near 89.630 which has become weak now. 4.Risk Reward Ration is more than 1:1.5
EURGBP BUY ~ 0.85400, TARGET – 0.87100, SL – 0.84400Don’t Trade Forex market all the time, trade Forex only at good opportunities available in the market.
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EURGBP- Weak only below 0.89200 levelsOn weekly Chart Eurgbp has taken resistance 3 times from 0.91000.and Price has formed bearish engulfing candle too with long wick which suggest sellers are in control now. I will enter only if price breaks the Important level of 0.89200.
