The currency is grabbing some liquidity now and it will go bullish after that.
Second Chance Trade Setup summary: Profit targets= 612 = {TP2 = 57 + TP3 = 105 + TP4 = 160 + TP5 = 290} Stop Loss = 136 pip Reward/Risk > 4.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (0.9000) again. if so, traders can set orders based on Price Action and expect to reach short-term...
this currency pair has been in a good upside pattern, and currently forming a ascending triangle with in a symmetrical triangle. at good levels to go long in between .90100-.90200 with a sl below .89700 for good upside.
eurgbp is currently respecting the down trend line, perfect time to put a sell entry now for a total of 100+ pips all the way down to support line
EUR GBP has been trading in a decreasing channel post a good 400 pips up move in September. recently it tested and bounced from the lows of June and September, after a pin bar candle on daily time frame, the pair has given a good positive closing next day, post that the pair is consolidating in bullish pole and flag and took support of .618 fibbo level and given a...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8918). 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. ....
EUR/GBP made here a bearish Elliott wave. I have applied the moving average also to forecast the trend. In the fifth wave, there is a symmetrical triangle . After the ABC correction, there is a hurdle at 0.8930 . Right now, the trend is moving under the hurdle . It is a bearish Elliott wave pattern. Therefore, it will fall more up to the target of 0.8816...