Condition 1:Day candle retest strong support(red) zone. Condition 2:Last two months parallel channel (yellow) breakout. Condition 3:3rd line(blue) represents side long opportunity.
Its a High quality trade, Fib level, 50EMA , 14EMA perfectly lining up with pivot at area of confluence. where as price is losing momentum with the long momentum candle. Candle stick pattern showing bearish continuation pattern. This trade can go on until the trend reversal. use of trailing stop loss would be the best strategy for ending the trade
EURGBP 4 Hour Analysis (3 July 2023) 1. The price is in uptrend 2. Also, we can see bullish divergence with Stochastic 3. price is also in consolidation so, we can wait for consolidation box break then we can enter 4. If the price breaks the box from low and also the trendline breaks, then we can confirm bearish entry but we can wait for retest then we can enter
EUR/GBP has rallied on the one hour timeframe after forming a bullish divergence on the chart. It is now back to a very strong resistance zone. The pair is already looking quite stretched and with a strong resistance nearby it is quite likely to retrace from here for a decent trade.
So, here im looking for EURGBP based on a setup, i have found, and testing it too to how it works. Pls trade with your confirmations and stuff.
EURGBP Expectations: UK Inflation and BoE's Decision this Week On Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps...
EURGBP 4 Hour Analysis (20 June 2023) 1. Price is in demand area 2. We can see the price is in Stochastic Oversold area and we can see bullish divergence in Stochastic 3. also, we can expect short pullback then the trend might continue. So, a sudden bullish movement we can expect.
Bullish view with chart pattern, and It is looking high probability
EURGBP 4 Hour Analysis (9 June 2023) 1. Price is in strong demand area 2. Previous trend broke, but retest might be there, so we can expect a retest (sudden bullish move) 3. next for bearish move, we can wait bounce from MA line.
FOREXCOM:EURGBP ...............here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more SMC to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules...
this pair fell sharply and has now approached a strong support area, i expect to see some buys come in towards 0.86700
EURGBP 4 Hour Analysis (1 Jun 2023) 1. Price is in Demand area 2. MACD divergence found 3. we can see strong bear power, so if price breaks KL2, will go bearish 4. But its the time to get a pull back, also divergence is supporting the bullish move, so expecting bullish, 5. Backup plan point 3
I'm expecting EURGBP to reach 0.85177. It broke our channel and we looking see it selling more
#EURGBP possible breakout in upside direction... Bcz candles are continuously making higher high at 15 minute time frame... though higher time frame like 4 hr time frame is in downtrend...but for a short ... intraday timeframe...we can go against the main trend for a short time
The current market price of EURGBP is sitting at support area. Considering the previous Daily price action, the price is forming lower highs into the support area which means buyers are not strong enough and sellers are rejecting any jump in price. The current price actions is forming a DESCENDING TRIANGLE, which is a bearish pattern. But it will be activated only...
EURGBP testing the trendline while it has already broken in OCTAFX broker , check it out with focus Take a long postion with a risk/reward ration of 1:3 . Also COT data is in favor:- EUR - 163,338 Net positions GBP - 2,398 Net positions While many short positions has been closed in GBP , but it still may go long before a reversal
EURGBP Trade is triggered and moving towards the Target