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Eurgbpanalysis

EURGBP ANALYSIS Plan A : Long As overall trend seems to be bullish so we have to wait until it properly breaks above 0.83651. S.L : 0.83048 T.P 1 : 0.83938 T.P 2 : 0.84395 T.P 1 : 0.84911 ------------------------------------ Plan B : Short Bullish Trend line is broken at 4H. Also seasonality goes is favor of bears 11/15 times. If double top is created at 0.83651 then go for short trade. S.L : 0.83745 T.P 1 : 0.83165 T.P 2 : 0.82695 P.S : All the details are attached below.
Long
by ik05007
1
EURGBP Trade Idea - Elliott WaveLet’s discuss the price chart of the EURGBP currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action has recently completed an ending diagonal triangle formation. The price is trading within Wave 3 (circle). The most recent retracement is approaching a 78% Fibonnaci level. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 1 (1st vertical line), and is projected to form a top on April 29 (2nd vertical line). Based on this, we can expect prices to find support at or near the current level and start trading higher towards the 0.8599 level which is the next major resistance area. If you find this analysis useful, make sure to press the “Like” button and comment.
Long
by ForexTrainingGroup
1
EURGBP SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on EG as price takes out all the buy side liquidity above the old highs after ECB bullish news about a possible rate hike this year. Price takes out weekly stops and quickly reverses with a high bearish momentum that could potentially start the selloff, we have also a lot of bullish imbalances that should be filled and those areas can act as a MAGNET for the price to go down. What do you think about this currency pair ? Comment below..
Short
by AnonimFXRO
2