Subscribeas we can notice from the chart , still down trend is expected for this week and the pair might head to 0.8640 and Resistance for today at 0.8730
Thread: Eur/Gbp
as we can notice from the chart , still down trend is expected for this week and the pair might head to 0.8640 and Resistance for today at 0.8730
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
If a M15 close above 0.8800 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8700 sell only and do not buy. If price closes back above it again do nothing
The range 0.8800and 0.8700 is neutral area, any trade done in between is personal decision and not part of this analysis
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
the chart is showing that the pair has closed it's daily candle under the level of 0.8700 , and that's mean that the down trend is still standing and the pair might reach 0.8670 and then 0.8655
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
trend is still up, but has not experienced a correction, so we have not executed pending order. so for now, we just move the pending orders. blue box that I made was a strong area of support.
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
because of the moving under the level of 0.8700 as we can see from the chart , I think the down trend is still standing and the pair might head to 0.8650 and then 0.8620 how ever the pair made any hourly correction
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
eur/gbp ka up trend chal raha hai. aaj i think eur/gbp fall hoga more than 0.8740 . aabhi ka price hai 0.8765. iske baad sayad ye phir upor jayega.
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
as we can notice from the chart , the pair has stated it's trading week under the level of 0.8750 and that's mean that the down trend is expected for this week and the pair might head to 0.8720 and then 0.8700
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
wave D of the triangle and resistance is expected near the 6/10 high of 8975. If a triangle is unfolding, then expect consolidation for at least a month more before a break above 9082 (terminal thrust).
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Shair (2020-02-29)
Accordingly, our bias on this particular scalp will be weighted to the downside noting the possibility for another topside test of the 0.8880 level.
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
Despite dipping to as low as 0.8653 last week, EUR/GBP held above 0.8642 support and recovered strongly before closing. The development suggests that recent sideway trading is not finished yet
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Shair (2020-02-29)
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