EURGBP shorting oppertunityeurgbp making a bearish chart pattern , a channel , after breaking the channel it may retest and go more down
GBPEUR trade ideas
EURGBPPrice is in correction phase of Minor Wave WXY and price have completed Minute wave A and B . It is going down to complete Minute wave C which end at 0.618% of the whole total wave circle.
Potential Bullish Reversal! - EGHere I have EUR/GBP on the 4 Hr Chart!
Here we see Price has made 2 clear Lows ( Latter Lower than Previous Low ) with a High @ .84579
-Now to bring attention to the RSI Indicator, we can see Price is showing a different picture ( Latter Higher than Previous Low )
-We also have a Double Tap on the Lower Bollinger Bands
These events add up to what seems to be a Divergence taking place where Price has made its True Low and RSI indicates its no longer looking to go LOWER!!
Now for CONFIRMATION of this Potential Double Bottom Pattern, we NEED Price to Break and Close ABOVE the High @ .84579 and then to Re-test!
INVALIDATION of Pattern will come if Price decides to go Lower than our Low @ .83972
Potential buys on EURGBPTrade is idea is based on Liquidity purge, Break of structure, inducement and retest/reclaim of Order block.
⚠️Not a financial advice
EURGBP: Bullish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
❤️ Please, support our work with like & comment! ❤️
EURGBPEURGBP is currently in a bearish trend.
Price is forming a bearish flag pattern, indicating a potential continuation of the uptrend.
The pair is being rejected from resistance at the 38% Fibonacci retracement level, adding confluence to the bearish bias.
what you guys think of this idea ?
DeGRAM | EURGBP bounce from the channel boundaryEURGBP is moving in an ascending channel between the trend lines.
The price is testing the lower boundary of the channel.
We expect a rebound after the channel retest.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Short trade
Entry 0.84714
Profit level 0.84654 (0.07%)
Stop level 0.84741 (0.03%)
Sellside
RR 2.22
Reason - Price high 0.84775 reached
Target liquidity low
EURGBP BullishEURGBP has formed a falling wedge reversal pattern along with bullish divergence which indicates possible trend reversal.
Possibility of uptrend According to the behavior of the price in the current resistance range, possible scenarios have been identified.
It is expected that the price will stabilize above the resistance range and continue the upward trend
EURGBP could decline furtherI’d like to go short EURGBP. On the 4-hour chart, prices have been holding below the 200 moving average line and it looks like a three-wave correction could’ve ended at 0.8499, especially since it has been followed by a 5-wave decline. Aggressive traders could short here with a tight stop above 0.8500, while conservative traders could wait for a clear confirmation on the break below 0.8430 (the end of wave B of the correction) to enter shorts.
EURGBP long scalpEURGBP provided another entry opportunity. Still long, any pullback is a chance to long. Looking close off or look for shorts in the box. Its making y correction in a wxy.
EUR-GBP Swing Short! Sell!
Hello,Traders!
EUR-GBP is trading in a
Downtrend and the pair
Made a bullish correction
Towards the strong horizontal
Resistance level of around 0.8500
But we are bearish biased
So we will be expecting a
Further move down
In the foreseeable future
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
