EUR/GBP Techncial analysisThe 4-hour chart of EUR/GBP is in an ascending channe l formation.
The centre median of the channel is acting as a good support.
As per our analysis we expect it to bounce back from the support to top of the channel.
EURGBP trade ideas
Intraday EURGBP Long IdeaA small intraday trading idea on the EURGBP 15 mins chart. Can be held post the target for more upside considering the targets on the lower timeframes. This is a small intra-day trade for me.
EUR/GBP sideways movementsFrom our analysis, EUR/GBP is expected to be bullish until 0.87900 since the movements is in sideways
EURGBP long opportunityBUY now Take profit - 0.88500
The pair should reach that value shortly or it may reach at the beginning of the week
EURGBPEURGBP may have found a possible low for a five-wave decline at the 0.8667 level so current minor reversal from the lows is a new temporary pullback that can stop at 0.88000-0.8850 resistance area. We will watch out for evidences of a bearish reversal there next week.
EURGBP MAJOR SUPPORT REACHED KEEP WATCHING...ONLY EDUCATION PURPOSE
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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EURUSD - Down trend - TVP break ScenarioDown Trend is confirmed by ABCD, 'C' being the TVP level for the trend. Which gives the bias to the Down side. However there are two Scenarios that could possibly happen as we see candle '1' has broken the TVP.
Scenario 1 (Green): If candle '1' is broken and given acceptance then we could expect price to move up and break 'A' . Our entry would come on the signal candle of the Pullback.
Scenario 2 (Orange): If candle '1' is broken and given Rejection or Un acceptance price will fall back in tune with the trend. Our entry would be on the signal candle initiating the down leg after the break of candle 1.
EURGBP poised to move higher?EURGBP may move up to 0.8950/0.9050 in the coming weeks on the back of positive MACD divergence.
EURGBP Buying OppurtunityIt can be observed that EURGBP is consolidating in a bull flag after a good move up.
Look to go long in the given buy zone which coincides with a support zone which was broken by the strong upmove!
Stop: below 0.8514
Target: 0.8595
EURGBP -Bottoming our process for the intermediate term.EURGBP is heading higher and is poised for bounce from support levels.
Falling Trendline Resistance on Price & RSI of EURGBPIt has been observed that EURGBP tried breaking the falling trendline resistance but was unable to do so.
Can be shorted at current price levels for targets to the next support level.
Target :0.85851
Stop : 0.86457
