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The first thing that I can see on the EURGBP chart is the buying signal because the blue arrow that you see from the EMA cross over indicator as the red line comes above the blue EMA which is a good buy indication.
The slopes of the QQE indicator moves above the fifty level and also it have a buy cross between the lines.
For my own trades I'm thinking about buy the pair and target the resistance that the price should reach at 0.799 and I will not use any stop loss but I will close it if I got a sell cross and then an opposite arrow from EMA crossover indicator .
http://bigimage.cz/photos/20141120141647267690455.gif
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For today 20/11/2014 on the EURGBP chart the price is above the grey level 0.7985 that considered as support point at MBFX indicator.
In mean while the Vestro indicator is showing a bearish saturation.
I can guess that the price may go up till the next MBFX level at the resistance of the value 0.8007 as first buying target and could reach the second resistance at 0.8029 but if the price breaks the level of 0.7972 then the up direction will be cancelled and we should think in selling http://bigimage.cz/photos/20141120141647835167199.gif
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The Blade oscillator is currently below the level of balance at the 0.0014 area and that can be considered a strong bearish trend taking place on the hourly chart of the EURGBP while at the same time the indicator is currently giving us a red color meaning that a bearish direction is taking place.
as we take a look on the chart we notice that the down slope of the moving average and also the last top drawn at the location 0.7992 can be used also as really good stop loss level and taking it as sell positions which i do recommend greatly .
http://bigimage.cz/photos/20141120141648256721853.gif
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The trend on the EURGBP pair can be recognized as a bearish one because of the down red arrow above the current prices again there is a cross occurs on the Snake and T2_clean indicator on front of you.
Then sell will be my choice for now and I will target a prices near the support area of 0.7975 as my first take profit to set and then I can look for reaching a new levels if the price can break it down and to act more safer I will choose the resistance which you can find at 0.804 as a good stop loss level or if I get a different signals with either a buy cross or a blue up arrow is shown .
http://bigimage.cz/photos/20141120141648192194706.gif
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As you can mention on the picture the EURGBP have a bearish channel drawn on the price movement.
Also the colored MA is now red which means that the price is looking for more down moves on the short term.
According to the daily opening compared with the Pivot levels the price make an opening at a lower prices than the 0.801 which is the price of the Pivot point of the day and I consider such opening as a down signal to reach the first support at the price of 0.7996 this is because if I didn't get any upward signals from the WPR indicator.
Close after the target is reached is an option but you can keep selling to target the last support of the pivot at 0.7982 if you wish .
http://bigimage.cz/photos/20141120141648617660136.gif
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pair- eur/gbp
analysis time frame- m30
http://i58.tinypic.com/f1h9j5.jpg
the price is making bearish engulfing candlestick pattern at the resistance 0.8020 level and falling down. this is try to break the support at 0.7980 but the stoch is oversold level 20 so again up movement can expected. long with take profit at 0.8045 and stop loss at 0.7063
good luck.
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eur/gbp still in bearish trend, the market fell today and made a new low, the price is trading below the kumo cloud, the H4 kijun sen is above the price, now i recommend trading only short positions as long as the price is closing below the MA 5
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analysis for today 11 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 11 / 20 / 2014
OPEN 0.8003
HIGH 0.8026
LOW 0.7973
CLOSED 0.7989
The third resistance (R3) 0.8026 -( 0.7996 - 0.7973 = 0.0023 x 2 = 0.0046 )= 0.8072
The second Resistance (R2) 0.7996 + 0.8026 - 0.7973 = 0.8049
First resistance (R1) 0.7996 x 2 = 1.5992 - 0.7973 = 0.8019
pivot points 0.8026 + 0.7973 + 0.7989 = 2.3988 / 3 = 0.7996
Support for the first (S1) 0.7996 x 2 = 1.5992 - 0.8026 = 0.7966
Support second (S2) 0.7996 -( 0.8026 - 0.7973 = 0.0053 ) = 0.7943
Third Support (S3) 0.7973 -( 0.8026 - 0.7996 = 0.0030 x 2 = 0.0060 )= 0.7913
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Daily Forecast
Pairs: EURGBP
Major Trend: Bullish
Time Frame: H4
Reason: Prices are still in a bullish trend. Support that there are 0.7976 and 0.7963 while. If the price broke through the support, the price change trend and may move to 0.7885. But if it fails, then the price will still continue the bullish trend for the price of 0.8029. RSI is still above the 50 line
Recommendation: Buy Limit at 0.7976 or 0.7963 with targets at 0.8029
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the blue dots appearing above the candle bars indicates that the price today is going to be heading upward depending on the price’s position we are going to determine where the price would be heading so if the price remained in its position lower than 0.7862 which act as a strong support at this moment also it happens to be a weekly pivot point at the same time then I do believe that the price would be heading north only till it meets the next weekly pivot resistance at 0.806 .
But what if red dots appeared indicating bearish trades and the price bypassed the support 0.7862 and headed for the opposite direction then I do believe that the price in this condition would be heading south until it reaches the price 0.7732 which is the next support and the next pivot level of the week.
http://bigimage.cz/photos/20141121141654347117162.gif .
Spoiler: