EURGBP, Strong support becomes Strong Resistance, ShortEURGBP, Breakout Strong Support and already retested.. Price Action tells further below!
Eurgbpbearish
EUR/GBP Is Breaking through SupportThis is breaking through a big weekly support level. Best time to enter a short is on a retest of the support now acting as resistance. This will give the safest trade setup, for a SL the highest previous point is too high for a good risk/reward ratio so it can be just above 0.618 Fib. TP is at the next support level downwards.
As I said best entry is to wait for a retest and rejection from the new resistance (previous support).
EURGBP ANALYSISEURGBP could extend the rebound to 0.89650 and 0.89900 . blue mark is the entry point.
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EURGBP, Monthly Set up, Short EURGBP, Monthly Set up, Short! Price Rejection at the Strong Resistance Above!
EURGBP SELL Trade IdeaMoney Mondays: EURGBP Looks Like A Nice Sell. The assumption, Trend Will Continue Downwards To Lows Off 0.88483 Levels
First TP: 0.88720 (Previous Low)Levels
Second TP: 0.88566 Levels
Third TP: 0.88483 Levels
POTENTIAL FURTHER SELLING ON EURGBP Hi Guys,
My view on where EURGBP could be headed over the next week. I have also started a podcast on Psychology that'll help your trading a great deal. The link is in my bio, check it out.
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EUR/GBP Technical Analysis
The upside movement of the pair is capped by a bearish trendline.
It attempted a breakout but fizzled out and the price action has formed an H&S pattern instead.
Hence, we expect the pair to be bearish in the near-term.
EURGBP SELL Bearish continuation
TUESDAY, 6 Oct 2020
#EURGBP SELL
ENTRY = NOW at 0.90700
SL = -40 PIPS
TP = +110 PIPS
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
EURGBP is setting up for a break to the downsideEurgbp uptrend channel is ending soon, final wave has been completed on eurgbp now its ready for a trend change
Watch price action in lower timeframes to add sell positions
EUR / GBP | Are we going to see 0.9798 the all time high of 2008EUR/GBP | Bearish move after restest?
Are we going to see 0.9798 the all time high of 2008 on breakout of the 0.9500 ?
Well, EUR/GBP lost upside momentum after hitting 0.9289 and now its consolidating which means it remains above 0.90686 we might see another move to the upside.
Breakout of 0.9289 can resume upside move.
Based on what we have already, the next target is 0.89109 .
Thought we may retest the upside first which may show a false breakout.
Let's watch...
#JustTradeFxOnline
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EURGBP short opportunity EURGBP reaching resistance at 0.38 retracment level offering good RR short entry
EURGBP*ENG*
- Price breaking our lower low and retesting it as expected, we are now waiting for a bearish move until the .8860 zone.
*PT*
- Preço a quebrar o nosso lower low e a efetuar retest como esperado, estamos de momento a aguardar um move bearish até à zona dos .8860.
EURGBP / SHORTPrice has broken through its daily support level, I am waiting for a pull back before shorting this pair
