Daily: - Bullish M - IC as S&D zone with strong zone in the past - D BOC is not tapped *Expect to retest the strong push (break and retest of that strong zone) Weekly: - 4/4 Weekly criteria *Weekly P&P is active and will maybe go the the weekly TP *Weekly BOC is tapped, waiting how sellers are reacting on that! 4H: - Bullish MS - Correction with 3 leg...
"I have an idea to short EURGBP. Currently, the price is moving sideways in the 1-hour timeframe, and I can identify a potential reversal moment. I assume that the price will drop to touch the lower level of 085148, then rebound to a higher level before a significant reversal to 086333."."
My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8613 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8586 My Stop Loss - 0.8627 About Used Indicators: By the very...
1.Market structure Gets Rejection from Resistance On Daily time Frame 2.There is Bearish Engulfing candle on daily 3.There is formation of double top Pattern on H4 4.there is Divergence In RSI on H4 5.there is divergence in Momentum
There is a big divergence in a 1hr time frame so place an order of sell stop.
If the price crosses the current support range, it will be possible to continue the downward trend according to the specified path. Otherwise, the price above the support range is expected to stabilize and then the continuation of the upward trend is likely
The "bullish crab" is a pattern in technical analysis used by traders to forecast potential price reversals in financial markets, particularly in stocks or cryptocurrencies. It's considered a harmonic pattern and is identified by specific Fibonacci ratios between price waves. Here's a brief overview of its characteristics: - The pattern typically consists of...
This pair will drop roughly about 70 pips, as we see the market just formed a double top. We might see a pullback to 0.8520 at least. Risk management guys
OANDA:EURGBP The pair has made a substantial retracement and formed a bearish divergence, which brings an opportunity to sell the pair targeting the major support line.
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price made an impulse up inside the downward wedge from the support line to the resistance line, breaking the resistance level, which coincided with the seller zone. But later EURGBP turned around and in a short time declined to the support level, which...
My Dear Robbers / Traders, This is our master plan to Heist Bearish side of EURGBP BANK based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish...
EUR/GBP is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.85808 1st Support: 0.85636 1st Resistance: 0.86184 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure...
Long EURGBP, 1W entry 0.85457 sl 0.84758 tp 1 0.88570 tp 2 0.89044 OANDA:EURGBP
EURGBP for Short Small Trade showing my ADCB peterns
A price action above above 0.8650 supports a bullish trend direction. Bullish confirmation for a break above 0.8630. The target price is set at 0.8675 (just above its 200-week simple moving average). The stop-loss is set at 0.8560. Building a base on major support, which might support the bullish trend. Furthermore, a break above and slight reversal will support...
A bearish AB=CD pattern is the opposite of its bullish counterpart. It typically forms during an uptrend and signals a potential reversal to the downside. The pattern consists of four price points, forming specific geometric shapes, where the CD leg retraces a specific Fibonacci ratio of the AB leg. Traders look for this pattern as a signal to potentially enter...