Subscribewe can notice from the chart that the pair has closed under 0.8700 , that's mean the down trend is expected and the pair might head to 0.8650 then 0.8620 , however the pair made a hourly correction
Thread: Eur/Gbp
we can notice from the chart that the pair has closed under 0.8700 , that's mean the down trend is expected and the pair might head to 0.8650 then 0.8620 , however the pair made a hourly correction
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
A 4hour close below/above weekly S/R line, BUY/SELL with stops 15pips below/above penetration candle (target not less than 100pip). . . . Daily close below/above monthly S/R line, BUY/SELL with stops 20pips below/above penetration candle (target not less than 150pips). Entry candle retracement is a plus.
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
the pair and as we can see from the chart is trading now above the level of 0.8700 , so when ever the pair success in breaking 0.8700 , that's mean the down trend will be assured and the pair might head to 0.8670 and then 0.8640 ,
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0307148 (2020-04-04), Abubakar 148 (2020-04-04), Hamzagoroo (2019-03-24), Shair (2020-02-29)
On the downside, although marginal fall below yesterday’s low at 0.8700 cannot be ruled out, reckon 0.8675/80 would limit downside and bring such a rebound.
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
Trading range for the day is among the major support at 0.8670 and the major resistance at 0.9030.The short term trend is to the upside targeting 1.0370 as long as 0.8165 remain intact.
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Abubakar 148 (2020-08-22), Hamzagoroo (2019-03-24), Shair (2020-02-29)
Intraday trade:
If a M15 close above 0.8763 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8713 sell only and do not buy. If price closes back above it again do nothing
The range 0.8763 and 0.8713 is neutral area, any trade done in between is personal decision and not part of this analysis
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Abubakar 148 (2020-04-12), Hamzagoroo (2019-03-24), Shair (2020-02-29)
The pair failed a topside break at the 76.4% Fibonacci extension taken from the May 5th and July 1st crests at 0.8740 early in Asian trade with RSI sloping to the downside
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
Intraday trade:
If a M15 close above 1.1468 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.1393 sell only and do not buy. If price closes back above it again do nothing
The range 1.1468 and 1.1393 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Abubakar 148 (2020-06-22), Hamzagoroo (2019-03-24), Shair (2020-02-29)
The EUR/GBP trading at 0.8782 down 25 pips in a daily range of 0.8764 to 0.8823. Resistance is 0.8830 and Support is 0.8760. Modal Point(Most widely traded of the day) is 0.8810.
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0307148 (2020-03-26), Abubakar 148 (2020-08-15), Hamzagoroo (2019-03-24), Shair (2020-02-29)
There is bearish potential for a fall to 0.8720 while 0.8772 - 0.8790 resist. After this fall a recovery up to 0.8790 or 0.8807 is expected.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Shair (2020-02-29)
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