EURGBP.1.MINI trade ideas
Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9055). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 0.9025
TP2= @ 0.8985
TP3= @ 0.8930
TP4= @ 0.6905
TP5= @ 0.8815
SL: Break Above R2
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EUR/GBP intraday buy EUR/GBP intraday
May rise 36-53 PIPS
as long as 0.9036 is support look for 0.9113
EURGBP Long ideaHello Traders, here is my analysis for EURGBP. Let me know if guys have any question. If you like my analysis please hit like. Thanks.
EURGBP. LONGwe can clearly see that after a long downtrend it bounce back to resistance level 2 and came down to resistance level 1 which is 50% fib retracement. Now to enter this trade we need to wait until it takes bounce from resistance level 2.
EURGBP PREFERS LONGThe counter EURGBP looks to be forming a head and shoulder pattern between ranges of 0.9000 and 0.8878. We see the neck support of 0.8878 holding strong the third time today. We look to buy at ranges of 0.8878 and 0.8900, maintaining stops below the neck line of 0.8878 and testing to reach 0.8980 to 0.9000. We recommend this move only for a short term or for just an intra-day trade.
As the head and shoulder pattern looks to be clear, we expect the neck line of 0.8880 as a strong support. Once this support breaks, we expect the counter to have an aggressive fall. In case of the neck break, go for shorts maintaining stops above 0.8890 to 0.9000 levels. The markets can try to hit lower levels of 0.8690 to 0.8670.
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.
GO LONG on EURGBP M15 - Head and Shoulder formedPerfect Head and Shoulder pattern formed in EURGBP M15 and M30.
Enter Long (BUY) on 0.8910 after the neckline breakout
Set SL 0.8860
Set TP 0.8960
Note: This is my idea and let us see how market react
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...
Follow for more!!! :)
