I think that we can put a sell limit order at the 50.0 level of fibonacci ratios at 0.7967 with take profit at 0.7896.
Thread: Eur/Gbp
I think that we can put a sell limit order at the 50.0 level of fibonacci ratios at 0.7967 with take profit at 0.7896.
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My dear brother you are right about this sharing it is very good for new traders.
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Spoiler:
Daily Forecast
Pair : EURGBP
Major Trend : NEUTRAL
Time Frame : H4
Alasan : Harga telah memantul beberapa kali berusaha untuk menembus resistance di 0.7940 dan area support di harga 0.7901. Untuk hari ini, kemungkinan harga masih akan menuju ke bawah untuk retest di support 0.7901, meskipun MACD merekomendasikan posisi buy, RSI dan stochastic masih cenderung sell.
Rekomendasi : Sell dengan target 0.7901
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pair- eur/gbp
analysis time frame- m30
the price is making double top chart pattern with having resistance at 0.7945 level and moving down side with making bearish engulfing candlestick pattern. if the price is break supporting trend line then short with take profit 0.7865 and stop loss at 0.7963
good luck.
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We can get in short position from the resistance level at 0.7935 with take profit at the support level at 0.7905.
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.
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analysis for today 11 / 27 / 2014
EUR/GBP
Resistance : R1 0.7989 R2 0.8014 R3 0.8034 R4 0.8064
Support : S1 0.7848 S2 0.7823 S3 0.7803 S4 0.7773
Open : 0.7916
High : 0.7923
Low : 0.7914
Range : 0.0009 Pips
Running Price : 0.7918
Strategy : SELL at the level 0.7918 stop loss at the level 0.7989 target take profit at the level 0.7803 or at the level 0.7773
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Daily Forecast
Pairs: EURGBP
Major Trend: Bearish
Time Frame: H1
Reason: There was a pattern of divergence on the RSI indicator. For a while the price is predicted sideways around the area of the pivot point at 0.7921 price. But there is a previous bearish candle that indicates price movements tend downwards towards 0.7900 to retest the support, if broken, the price will be to 0.7842
Recommendation: Sell with a target of 0.7900
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the red dots appearing above the candle bars indicates that the price today is going to be heading downward depending on the prices position we are going to determine where the price would be heading so if the price remained in its position lower than 0.7998 which act as a strong resistance 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 south only till it meets the next weekly pivot support at 0.7865 .
But what if blue dots appeared indicating bullish trades and the price bypassed the resistance 0.7998 and headed for the opposite direction then I do believe that the price in this condition would be heading north until it reaches the price 0.8084 which is the next resistance and the next pivot level of the week.
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As we can see the support level at 0.7901 will make the price rise that's why we can get in long position.
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.
Daily Forecast
Pairs: EURGBP
Major Trend: NEUTRAL
Time Frame: H4
Reason: To this day inclined to Buy price target of 0.7970 due to the weekly pivot point has been broken and the price moves towards the top. Bands tend to be pursed and opposite to the direction of the market. While the RSI and Stochastic had broken through the line 50.
Recommendation: Buy with a target of 0.7956
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.
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