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Eur-gbp

EURGBP will break the pennant? 🦐EURGBP on the 4h chart bounce over the support. The price created a pennant formation and according to Plancton' strategy, if the market will break below, we can set a nice short order --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
14
EURGBP Long / Buying a key support, Possible Head & ShouldersHey guys! Happy new week! I know its MLK day in the US, so their markets are closed, but that does not mean there are no opportunities in the markets! - We actually took home a few winners already, and I think we could get this one too! Ok, so this trade is based on a few ideas, and here they are: Price is at a strong support level Possible H&S pattern, seen on 4H, and 1H On the 10m chart, we are making higher highs and higher lows RSI is coming out of the oversold zone EUR has been pretty weak all last weak, some relief could come I hope this helps you with your trading decisions and results today! All the best! And PS, make sure you check out our signature below!
Long
by PrimedGroup
EURGBP on a big H&S 🦐EURGBP on the daily chart has reached the support structure at the 0.88800 level. The market created a huge head and shoulder formation and now testing the neckline. According to Plancton' s strategy IF the price will break below we can seta nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
8
EURGBP testing a weekly support 🦐EURGBP is moving in a descending trend. The market reached the weekly support at the 0.88930 area. If the price will break below and consequently break the descending channel, we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Jan 6 Comment: As expected
Short
by InkyGrip
12
EURGBP head & shoulders, price struggle and new covid-19 news. In the curious case of EURGBP we have a very prominent struggle for price to push towards the upside. Price has struck the 0.90460 key area twice so far, with the second time creating a railroad track of sorts. Now with the third hit, at the right time (london gap) and forming a head and shoulders of sorts. We're in a prime sell reversal formation. Now I do expect price to move towards the 0.89805 point for +50 pips then consolidating/bouncing a little bit before ultimately pushing for more towards the 0.89477 price point. This is also backed by the recent news of the new covid-19 which will set back the currency.
Short
by mrleh
3