EUR/GBP intraday May fall 32-47 PIPS target 0.9022
The price has come to a key level of Resistance level where i look for a buy opportunity with SL of 18 Pips and TP of 80 pips. Price has also retested.!
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.91). 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 above the 21-Day WEMA which acts as a dynamic...
EUR/GBP intraday May fall 36-52 PIPS the downside prevails as long as 0.9145 is resistance
EURGBP - 0.91546 by 30th Jul. trade only if stays above 0.91356
EUR/GBP intraday May rise 32-47 PIPS the upside prevails as long as 0.9085 is support
Good buy opportunity! 1:3 R:R. Price has retested current support zone
EUR/GBP intraday May rise 34-49 PIPS the upside prevails as long as 0.9046 is support
EUR/GBP intraday May rise 41-58 PIPS rebound towards 0.9092
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9095). 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 above the 21-Day WEMA which acts as a...
EUR/GBP intraday May rise 35-51 PIPS the upside prevails as long as 0.9094 is support
Updating the EURGBP version. Taking into account an extensive wave 1, I believe that wave 3 will not have the strength to reach 1,618% of Fibo, although this can happen. For the rest, the same idea as the previous analysis!
Looking to sell when price closes below previous lower low (0.90500). Targeting the level where rsi indicated an overbuy on the uptrend.
Wave one ended. Now we are in a process of retraction, that is, we will have a drop down to the region of 0.5% Fibo (wave two). In the magic square, monitor the price and make the purchase to bull market when the third wave starts. Until Friday I believe the targets will be hit.
EURGBP has broken its trendline hourly trendline and has come for a throwback to retest the resistance. short this currency for atleast a month.
Example for trend reversal. Chart is shared only for the study purpose.