Falling wedge , 70 pips Scalp!!Bullish Formation, a low sell volume and also at the support
Bounce is expected!!
Eurgbpbullish
Analysis before the next move of #EURGBPAfter the powerful Double Top, we analyzed and which led to the strong declines, its good time to analyze again.
The decline in a daily graph (Weekly and monthly still uptrend).
You can see that the price stopped exactly on the moving average line which serves as strong support.
The Stochastic with the lines at the cross, at the lowest possible level with an upward direction.
Buy signal with a target to 0.8940
EUR/GBP Retest Expected !!EUR/GBP is at the strong support where price got a push as soon as it touched the support line.
HIGH possibilities for restest of 21 EMA
FREE ANALYSIS ON EURGBPFREE ANALYSIS ON EURGBP
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4HR
Price about to test previous low
Nice bullish divergence
5min trend line broken up and retested.
Keep an eye out for the buy
EURGBP approaching resistance, look out for potential reversal!
EURGBP is approaching its resistance at 0.90502 where it is could reverse down to its support at 0.90208.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP BUY IDEAEURGBP
EURGBP BUY OPPORTUNITY AFTER TRIANGLE BREAKOUT
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STATUS : Active
buy @ Market Price : 0.9084
stop loss : 0.9038 ( 50 pips)
take profit 1: 0.9138 ( 50 pips)
take profit 2: 0.9145 ( 50 pips)
Take profit 3: 0.9298 ( 210 pips)
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Risk only 2% or less of your account
A possible buy on the EUR/GBPOANDA:EURGBP About to buy athe EUR/GBP PAIR at the 0.90720 area,ranging it up to 0.93150
EURGBP Fundamental Analysis – August 28th 2019Here are the key factors to keep in mind today for Euro trades:
German Import Price Index: The German Import Price Index for July is predicted to decrease by 0.1% monthly and by 2.0% annualized. Forex traders can compare this to the German Import Price Index for June which decreased by 1.4% monthly and by 2.0% annualized.
German GfK Consumer Confidence Survey: The German GfK Consumer Confidence Survey for September is predicted at 9.6. Forex traders can compare this to the German GfK Consumer Confidence Survey for August which was reported at 9.7.
Italian Confidence Data: Italian Business Confidence for August is predicted at 99.8 and Italian Consumer Confidence is predicted at 109.6. Forex traders can compare this to Italian Business Confidence for July which was reported at 100.1 and to Italian Consumer Confidence which was reported at 113.4.
Eurozone Money Supply M3 and Private Sector Loans: Eurozone Money Supply M3 for July is predicted to increase by 4.7% annualized and Private Sector Loans are predicted to increase by 3.5% annualized. Forex traders can compare this to Eurozone Money Supply M3 for June which increased by 4.5% annualized and to Private Sector Loans which increased by 3.3% annualized.
Here are the key factors to keep in mind today for British Pound trades:
UK BRC Shop Price Index: The UK BRC Shop Price Index for August decreased by 0.4% annualized. Forex traders can compare this to the UK BRC Shop Price Index for July which decreased by 0.1% annualized.
UK Nationwide House Prices: UK Nationwide House Prices for August are predicted to increased by 0.1% monthly. Forex traders can compare this to UK Nationwide House Prices for July which increased by 0.3% monthly.
Should price action for the EURGBP remain inside the or breakdown below the 0.8985 to 0.9085 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.9025
Take Profit Zone: 0.8615– 0.8720
Stop Loss Level: 0.9100
Should price action for the EURGBP breakout above 0.9085 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.9115
Take Profit Zone: 0.9230– 0.9285
Stop Loss Level: 0.9085
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EURGBP BUYThe 4hr time frame is indicating a move upwards after consolidation is complete, in regards to where the market price is currently at.
If the price goes above 0.90490 then it will confirm upwards movement and signalling a buy for this current pair.
Trading tip: Always insure your RRR is a minimum 2.1, Life's a bitch.. so always sleep with one eye open.
EURGBP Market Structure AnalysisR/R: 2.5
if you have your market view, please share it in comments
Also you can ask me questions...
Have a great day everyone!
#EURGBP, The trend continues with a very weak poundThe eurgbp above the important moving average lines (200,100,50).
The above upward trend has been going on for about 3 years and there are no technical signs of a change in the trend.
The eurgbp crossed its resistance this week at 0.9038 and is on the way to test its next resistance at 0.9284
Target: 0.9284.
EURGBP approaching support, potential for a bounce!
EURGBP is expected to drop to 1st support at 0.89116 where it could potentially react off and up to 1st resistance at 0.89615.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
QUICK->>FREE ANALYSIS ON EURGBP - ENTRY & EXITFREE ANALYSIS ON EURGBP
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EURGBP approaching resistance, look out for potential reversal!
EURGBP is approaching its resistance at 0.90249 where it is could reverse down to its support at 0.90016.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/GBP : Sell After 3rd Touch Confirmation BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Next Key Levels for EUR/GBP Per Investing.comThe cross is receding 0.06% at 0.8978 and a break below 0.8948 (21-day SMA) would expose 0.8872 (low Jun.20) and then 0.8826 (low Jun.5). On the flip side, the next hurdle is located at 0.9010 (monthly high Jul.10) seconded by 0.9062 (low Jan.11) and finally 0.9092 (2019 high Jan.3).
EURGBP BUY LONG DEMANDI'm eyeing a Demand Zone on the 15min chart that actually looks better on the one hour. If price drops to 0.89653, I'm expecting it to rally for at least 3:1 RR, since the price is up-trending on a higher time frame despite appearances on the trading time frame.
