reject from 0.8146 area, make this pair lost bull power, two bear candle performing H1 now. If 0.8119 hit, posible down to 0.8100, beside that if 0.8146 re test, bull power will back
Thread: Eur/Gbp
reject from 0.8146 area, make this pair lost bull power, two bear candle performing H1 now. If 0.8119 hit, posible down to 0.8100, beside that if 0.8146 re test, bull power will back
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The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 0.8030 and key resistance at 0.8250. Based upon my chart analysis, I prefer to buying the pair around 0.8135 with targets 0.8165, 0.8200 then 0.8250 and stoploss with four hour candle closing below 0.8070.
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Upward direction pair today
Expected targets 0.8160 - 0.8185
With the necessity of constant trading above the 0.8105 support level
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Eur/gbp technical analysis for 19.10.2012 by using : Auto pivot indicator.
resistance 3:0.8197
resistance 2:0.8172
resistance 1:0.8158
pivot point :0.8133
support 1:0.8119
support 2:0.8094
support 3:0.8080
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This is one of the sessions in the market that i truly envies, during this session, market can do and undo, this is why i takes them very serious, In my trading days, i trades only the US and the UK trading sessions, all the rest are just an added advantage if i want to at times.
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Elliott: extended impulse wave up 0.8186
Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8153 or 0.8157 if support around 0.8134 hold. After which a pullback to 0.8134 - 0.8127 zone is possible.
Warning: Imminent end of bullish move
Technical points
Key point 0.8162
Entry point 0.8143
Elliott 0.8040
Closing 0.8144
Projection 0.8186
Trendline 0.8128
Trendline 0.8138
Supports / Resistances
Res 2 0.8170
Ex-High 0.8146
Res 1 0.8157
Pivot 0.8134
Sup 1 0.8121
Ex-Low 0.8110
Sup 2 0.8097
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very interesting situation on EUR / GBP pair broke the resistance level of 0.8100 and is now very firmly entrenched above, it would seem you can buy ... but I have not ventured .. Try a very small ... and the more Eur / usd start moving to the bottom .. so it is very possible that there will pull down the hall ... again ...
Last edited by Macintosh; 2012-10-19 at 12:51 AM.
The trading range for today is among the key support at 0.8000 and the key resistance at 0.8250
The short term trend is to the upside target at 1.0370 as far as 0.7785 remains intact
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eur/gbp technical analysis by using : average directional movement index
adx : 19.2526
+di : 21.2787
-di : 12.6093
timeframe : 1 hour
time : 1600
date : 18.10.2012
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The main trend north and he again proved its relevance and strength to those that managed to break through the sliding 200 on the daily chart and the resistance level of 8110, the pair took another month high, bought a couple of days with a stop at 8090.
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