Eur/Gbp

EURGPB extension wave down 0.8253, much lower to testing second daily support 0.8266

Elliott 0.8391
Closing 0.8299
Ex-Low 0.8298
Ex-High 0.8345

Support 1 0.8283
Support 2 0.8266
Resistance 1 0.8331
Resistance 2 0.8362

hi to all

pair: eurgbp

price: 0.8276

date : 2 december 2013

high to low : 48

open to low : 46

open to hi: 2


the pair trade in up trend
we will buy at: 0.8276

our target1 : 0.8376
our target2: 0.8476

the pair price already touched daily support 1 level (0.8240) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (0.8330).
so buy now from 0.8283
the pivot point will be my target
stop loss will be down the support 1 level (0.8240)

analysis for today 12 / 3 / 2013
My daily trading,I hope the day is a success ...
EUR/GBP (Daily Trade)

Resistance : R1 0.8346 R2 0.8371 R3 0.8391 R4 0.8421
Support : S1 0.8203 S2 0.8178 S3 0.8158 S4 0.8128

Open : 0.8278
High : 0.8278
Low : 0.8271
Range : 7 Pips
Running Price : 0.8273

For intraday trade today suggest SELL at the level 0.8273 stop loss at the level 0.8346 target take profit at the level 0.8158 or at the level 0.8128

I use technical analysis of currency pairs EURGBP in the market at 05:06 which is the current market position is at 0.8272 with H1 timeframe,
then I get the results of several indicators such as the Bollinger Bands = Overbought, MACD = Up Trend, Parabolic SAR = Oversold, Stochastic = Up Trend,
but it is by looking at the position on the market today gained 0.8272 points pivots, yesterday high at 0.8296 and yesterday low at 0.8247 so support and resistance

R3 : 0.8346
R2 : 0.8321
R1 : 0.8297
Pivots : 0.8272
S1 : 0.8248
S2 : 0.8223
S3 : 0.8199

of some of the analysis contained in the signal TREND UP at currency pairs EURGBP, so the best step to open position SELL by set take profit at 0.8242 and stop loss at 0.8302. good luck

analysis of several indicators that I use on eur/gbp currency with M30 and H1 timeframes are in the form of pivots indicator R3=0.8263, R2=0.8259, R1=0.8254, Pivots=0.8250, S1=0.8245, S2=0.8241, S3=0.8236 indicates the following as well as I use other indicators such as zona trade that displays the zona signal Bullish on market position 0.8249 so that the most appropriate step is to conduct an open position SELL with a stop loss of 0.8279 and take profit at 0.8219

http://s30.postimg.org/fuh3npf9d/screenshot_40.png

EURGBP will try to go down towards 0.8253 if the market responds S1 is likely to rise again in the position of 0.8217 is expected.

Attachment 9570
TECHNICAL ANALYSIS
EURGBP

TIME FRAME H1
Exponential MA "18" : BEARISH
Exponential MA "28" : BEARISH
Exponential MA "50" : BEARISH
Parabolic SAR "0.05/0.2" : BEARISH
MACD "30/60/30" : BEARISH

TREND: BEARISH

Regarding to indicators

Price now is : 0.8273

Most indicators refers to up way

So buy now

Tp / 0.8293

SL / 0.8253
http://charts.mql5.com/3/224/eurgbpr...rectdealer.png

still have my buy position @ 0.8270

to be safe set my T/P @0.8220

Also have a pending order sell @ 0.8189

lets see what happens.