EURGBP.1.MINI trade ideas
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 - Falling Down With some little bounce to Uptrend !Basically the price will gone to down but acc. to symmetrical triangle . The price will move in upward a little bit after that absolutely downward. and there is also a chance that it move directly downward.. So it means profit is earn in both direction !!! :)
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
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 at 0.88600 SL 0.88150 TGT 0.89500EURGBP is a Stock Buy only ABOVE 0.88600 with Stop-loss of 0.88150 and Target of 0.89500
EUR/GBP Technical analysisThe EUR/GBP pair has formed a double top formation.
It has the broken the support level and is currently consolidating below that.
Also, the MACD indicator is printing in bearish territory.
Hence we expect the pair to be bearish and find support at 0.85097.
EUR/GBP Technical analysisThe bulls effort to cross the resistance of 0.86784 seems in vain in the counter.
The bears have stamped their authority by resisting and rejecting the price action above the value of 0.86750.
Now, the counter has formed a double top pattern in the hourly chart, which is a strong reversal pattern.
Also, the ROC indicator has crossed into the negative territory.
All indications point only one thing in the counter - ‘bear strength’.
Hence we expect the pair to come down to the support level of 0.86394.
EUR/GBP Technical analysisEUR/GBP is limping towards north with subdued momentum.
The brexit uncertainty is set to continue for six more months. Hence, the pair is unable to find a trendy move.
Technically, the pair formed an ascending triangle pattern and broke its resistance of 0.86543.
Since there are no fundamental triggers to act in this counter, it is set to hobble its way to the resistance of 0.87214.
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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