expecting a bullish turn here, we might extend all the way to 127.8 before turning. any 4hr candle that breaks below 128 and closes there, invalidates this idea.
EURGBP Forecast And Midterm Technical Levels
We have reached our midterm targets on EURGBP. Two trades closed with 300 pips.
What’s Next?
Fundamentally:
The positive developments in Brexit and the hawkish speech by President Carney at the BOE meeting last week may continue the support Sterling and accelarate the bullish move.
What did Carney say at the...
I REALLY HOPE YOU GUYS CAUGHT SOME OF THE DROP. I MUST SAY IT HIT TAKE PROFFIT AROUND 70% OF THE DROP BUT ITS ALL GOOD. WE CANT HAVE IT ALL :)
EURGBP DROPPED A LOT MORE THAN I EXPECTED
NOW I AM EXPECTING SOME CONSOLIDATION.
THIS SHOULD REVERSE TO SOME RESISTANCE
BEFORE CONTINUATION DOWN
SUPPORT THE MOVEMENT WITH YOUR LIKES,
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EURGBP IS LOOKING GOOD FOR A SELL
GOOD RISK 2 REWARD ALSO
HOPE A FEW OF YOU GOT THAT DROP I SENT OUT
See previous analysis
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
EURGBP has retraced to Fibonacci retracement
level of 0.382 as previously surmised.
Also Stoch RSI is going into overbought territory.
Be ready to jump in for a sell if you are not in already
See previous analysis
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EURGBP / REBOUND?
No change from our point of view, the expected rally should be considered as a corrective structure (technical rebound), and then we expect a new bearish leg.
EURGBP to touch the small downwards trend-line and then reverse back down for short term. It is expected to get back up and cross afterwards. Like the idea for the update!
Hi, Traders
Market developed a corrective structure which almost completed. another possibilty is that it can go down for one more dip (But not necessary).
i will update the chart if any changes occure.
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
EURGBP looking strong but 1H chart showing Bearish Divergence..taking my chance and shorting, first target SL40 PIPS , first target 40 PIPS, second 75 PIPS... i usually don't close my trades..i keep moving my SL down..
PS: small lot but honestly bearish divergence always works...
Let's make some pips...
Please hit "LIKE" to support..
Vinny
