Eur/Gbp

[talhaahmad04]

Let's analyze the image above for our best entry.
I have determined the following Support and Resistance levels:
Resistance2 (R2): 0.9042
Resistance1 (R1): 0.8953
Support1 (S1): 0.8867
Support2 (S2): 0.8783

In the figure above, it appears last week that the price begins with a strengthening which continues with a fairly depressing drop at the end of the weekly timeframe.
This indicates the price moves in the consolidation pattern after reversal from the previous Higher High, so we should be alert to the occurrence of price decline to the previous Higher Low for us to re-observe the price reaction thereafter, going back up or not.

Very interesting right?
In the movement in the image above, Buy and Sell opportunity is still as strong as possible, so Percentage according to my technical analysis (Buy: 50%, Sell: 50%).
Well, in my view / prediction, based on the price movement we analyze above, we will try to look at the available entry opportunities. However, technically does not allow the assumption of play, then the best entry that can be done is, we will continue to see the movement of CLOSE PRICE on Candle 4 hours.

My setup for Breakout opportunity,
Buy: If the price of the 4 Hour close candle penetrates the R1 level perfectly (body candle is far from the upper limit of R1), then preparing to find the best Entry BUY position, you can also let your position reach the R2 level (the strongest resistance level at the moment) to see the market reaction to that level to rise again or not.
Sell: If the price of the 4 Hour close candle penetrates the S1 level, then prepare to find the best SELL Entry position, you can also let your position reach the S2 level (the strongest Support level right now) to see the market reaction to that level to get back down or not.

My setup for Pullback opportunity,
Sell: If the price of 4 Hour's close candle does not penetrate the R1 level (like forming a bear pin bar), then prepare to find the best Entry SELL position, but if the price reaches and breaks this level, then prepare for the cut loss. Applicable at R2 level as well.
Buy: If the price of 4 Hour close candle does not penetrate the S1 level (like forming a bull pin bar), then prepare to find the best Entry BUY position, but if the price reaches and breaks this level, then prepare for cut loss. Can be applied at S2 level as well.

Use Risk Reward always at least 1: 1.5 and trailing stop (manual or automatic) when needed. Can use support and resistance levels for your analysis reference to determine Stop Loss and Cut Loss, keep in mind the occurrence of price consolidation.

Keep using good money management in every entry for the sustainability of healthy trading, hopefully this article can be your reference in analyzing the market.

[lover222]

The pair is stable above the support for the main descending channel shown above and the positive effect from momentum indicators continue to push the pair higher. Therefore, we prefer to remain aside for now and observe the closing today between the areas of 0.7965 support and 0.8055 resistance, as those levels will define the next move for the pair.

[JF2019]

EUR/GBP is bullish.


1 Resistance 0.8750
2 Resistance 0.8770
3 Resistance 0.8790


1 Support 0.8723
2 Support 0.8715
3 Support 0.8701

[RamzanMazhar]

Today's my technical over view of the market for the trend of this pairs Eur/Gbp

according to market technical analysis the market have sell trend
the market trend could remain in this position
expected resistance and support levels
market price ----------0.8738

The resistance level as under.

1- Resistance level----------0.8745
2- Resistance level----------0.8764
3- Resistance level----------0.8784

The supporting level is as under.

1- Support level-------------0.8710
2- Support level-------------0.8692
3- Support level-------------0.8674

[talhaahmad04]

EURGBP opened with a big gap, rallying +100 pips from 0.8372 and hitting 0.8500. Since then, the cross has consolidated around 0.8466. On the hourly chart, technical indicators suggest bullish bias remains firm and further gains are likely but should be limited around 0.8515.

[JamesX9]

EURGBP Analysis Today
Short on this For a while

PIVOT POINT 0.8732

S1 )) 0.8712

S2 )) 0.8695

S3 )) 0.8681

R1 )) 0.8745

R2 )) 0.8762

R3 )) 0.8780

[m148]

Results of analysis of using daily pivot point calculations for EURGBP

I see this pair still in strong bullish movement . If this pair can resistance level at 0.8761 I predict this pair will go up to the next resistance level at 0.8809 But if this pair go down and break support level at 0.8710 I predict this pair will make some correction to the next support level at around 0.8658 Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with and take profit at 0.8811 and put StopLoss at 0.8724

This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement. I am not responsible for any errors that occur because the only information from the previous calculation. my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.

[deva10]

This pair eur/gbp

Technical analysis of today is bullish.

Pivot Point. 0.8733

Current Price. 0.8736

Resistance level
1st. 0.8750
2nd. 0.8770
3rd. 0.8790

Supporting level
1st. 0.8722
2nd. 0.8711
3rd. 0.8700

[Facebook]

Pivotal Points: 0.8730


Resistance 3: 0.8779

Resistance 2: 0.8763

Resistance 1: 0.8746


Support 1: 0.8713

Support 2: 0.8697

Support 3: 0.8680

[QasimShop]

Thread is Eur /Gbp

Todays my analyses.

Markeet of this pair has bullish trend
Position of this pair has buying now.
I think this trend can be continue .
If you want to trade then take a risk .
Pivot point . . . . . . 0.8740.
Best of luck to all members of forax community.