Thread: Eur/Gbp
pair- eur/gbp
time frame analysis- m15
the price is moving in the channel pattern with having resistance at the 0.7300 level and support at 0.7250 level. the stoch indicator is moving up side so price may break resistance and continue in major trend. long with stop loss at 0.7235
good luck.
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pair- eur/gbp
time frame analysis- m15
the stoch indicator is moving out from the overbought level 80 and the price is making doji pattern at resistance 0.7245 level. if the price moved below the 0.7235 level short with profit target at 0.7190 level and stop loss at 0.7264
good luck.
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Spoiler:
Daily Forecast
Major Trend: Bullish
Time Frame: Weekly
Reason: Sunday, closed with a candle which cover 50% of candle body two weeks ago. That is, the market will go up, and the target is in the 0.7392 to retest resistance
Recommendation: Buy
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pair- eur/gbp
time frame analysis- m15
the stoch indicator is moving up side and the price is also break the daily resistance at 0.7186 level. if this is falling down side with breaking support at 0.7180 level. short with profit target at 0.7145 and stop loss at 0.7215
good luck.
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pair- eur/gbp
time frame analysis- m15
the price is continue up side with breaking the resistance at 0.7110 level and moved to higher resistance at 0.7145 level but the stoch indicator is moving out from the oversold level 20. hold the long entry with stop loss at 0.7100
good luck.
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pair- eur/gbp
time frame analysis- m15
the price is making double bottom chart pattern with having support at 0.7055 level and moving up side. this is break the resistance at 0.7090 level but its may again down side from the 0.7100 level. short with take profit at 0.7075
good luck.
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Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Market yesterday looks more dominant bearish. And the target today, will probably be able to break below 0.7051 if seen from yesterday's market volume.
Recommendation: Sell
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how meany pip we can collect?
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Daily Forecast
Major Trend: Bearish
Time Frame: Daily
Reason: Predicted market will continue downward in the 161.8 Fibonacci targets at 0.6934. While the stochastic shows the pattern of divergence.
Recommendation: Sell
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Euro stops for losses after turning down against the British pound as expected after that form gulping bearish candle pattern. It settles near-term support at 0.7052, a Fibonacci extension of 50%, as the fraction less than that on the basis of the daily closing reveals the way for the 61.8% level at 0.6950. Instead, move above the 38.2% Fibonacci at 0.7153, paving the way to test the 23.6% expansion at 0.7279.
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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