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NurulFx

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Greetings to all of us, I started with EURGBP pair analysis.from elliot wave analysis where the price is currently at the end of the wave a. the estimated a wave will be held in fibo ferret 6 level resistance, but there are still areas of level 4 H4 that must be pursued. but from H1 data I see the ending pattern diagonally at the end of wave A so I try to take sell options with target area level 6 or near the level 2 area.EURGBP in Technical_proxyEURGBP in Technical_proxy

Linkback: https://www.forex.zone/technical/11/eurgbp/847/
#1 - February 06, 2019, 03:52:49 AM

szeptiawan

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The price is above the daily pivot 0.8791.
A small MA is above the big MA, the price is between the two MAs.
The price forecast will be bullish, but it will retrace first with the initial target of Resistance 1.
Possible to penetrate to Resistance 2.

#2 - February 06, 2019, 06:28:08 AM
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Irel

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good analysis, good luck with us. pay attention and make consideration in my trade. and I will add SL around 50 pips to minimize MC risk. thank you and good luck
#3 - February 06, 2019, 06:31:38 AM

MaxiMillion

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hi 

this is my first analysis here on this forum.

EURGBP - we are  in strong zone ( from 0.88 to 0.8837) , first scenario: short at current price with additional sell limit around 0.8837, global stop loss for both positions 0.8860. 

iF the price reacts in this zone and sellers will take control first tartgets are on 50 and 61.8 of the upside move from 25 Jan..  simple scanario on screen..


 
#4 - February 06, 2019, 10:48:25 AM
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MaxiMillion

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ok and the second scenario when i will be stopped out from my shorts ;)  we will see.
#5 - February 06, 2019, 10:59:07 AM
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« Last Edit: February 06, 2019, 11:26:06 AM by MaxiMillion »

MaxiMillion

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Quote from: MaxiMillion on February 06, 2019, 10:48:25 AM
hi

this is my first analysis here on this forum.

EURGBP - we are  in strong zone ( from 0.88 to 0.8837) , first scenario: short at current price with additional sell limit around 0.8837, global stop loss for both positions 0.8860.

iF the price reacts in this zone and sellers will take control first tartgets are on 50 and 61.8 of the upside move from 25 Jan..  simple scanario on screen..


 

Very slow market but the bias is still short (longer term) , if this week  support zone will hold (0.8768 - 0.8778  or break then i will decide what next about my short. Short term this zone is a buy zone for this week...
#6 - February 06, 2019, 07:10:57 PM
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szeptiawan

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Parabolic SAR currently shows a downward trend and the RSI is currently showing a rising trend.
The price is above the MA.
The trend is rising and is likely to continue the trend.
Stop loss around MA.

#7 - February 07, 2019, 02:07:58 AM
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szeptiawan

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EG on the H4 time frame is still in a bullish trend because it is above the mid BB and EMA50. But at a glance there is already a price movement past the low MA even though it has not crossed the mid BB so that only CSA has no strong direction. The price is still stuck in the high MA and down again. Of course to find out how valid it is we can see how the fulll setup is at a lower time frame.
#8 - February 07, 2019, 05:44:06 AM
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MaxiMillion

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Quote from: MaxiMillion on February 06, 2019, 07:10:57 PM
Very slow market but the bias is still short (longer term) , if this week  support zone will hold (0.8768 - 0.8778  or break then i will decide what next about my short. Short term this zone is a buy zone for this week...
and the short terms buy zone for this week still hold , possible new high today .
#9 - February 07, 2019, 08:13:14 AM

NurulFx

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Quote from: MaxiMillion on February 06, 2019, 10:48:25 AM
hi

this is my first analysis here on this forum.

EURGBP - we are  in strong zone ( from 0.88 to 0.8837) , first scenario: short at current price with additional sell limit around 0.8837, global stop loss for both positions 0.8860.

iF the price reacts in this zone and sellers will take control first tartgets are on 50 and 61.8 of the upside move from 25 Jan..  simple scanario on screen..


 
indeed the battle area between buyers and sellers. Often the shadow opens or when the candle is closed after it will be visited again, I can use it as a target or place of op.  Permission to open the tent here, bro, who knows, can increase knowledge on how to use this needle shadow so that it can increase the accuracy of my op.
#10 - February 07, 2019, 09:46:06 AM

MaxiMillion

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Quote from: NurulFx on February 07, 2019, 09:46:06 AM
indeed the battle area between buyers and sellers. Often the shadow opens or when the candle is closed after it will be visited again, I can use it as a target or place of op.  Permission to open the tent here, bro, who knows, can increase knowledge on how to use this needle shadow so that it can increase the accuracy of my op.

first good reaction of sellers 
#11 - February 07, 2019, 01:49:34 PM

NurulFx

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Quote from: MaxiMillion on February 07, 2019, 01:49:34 PM
first good reaction of sellers
THE PREPARATION OF GOOD PRIVATE VOCATIONAL SCHOOL CAN BREAK BETTER AGAIN
#12 - February 07, 2019, 03:05:25 PM

MaxiMillion

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that;s good for bears that current strength of GBP is holding EURGBP low. EUR against many pairs is strong espacially againt AUD, NZD, CAD. So i see a little more to the upside and still selling the area  0.8770-80. 
#13 - February 07, 2019, 05:47:31 PM
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Setiafx

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today's eurgbp analysis

new prices below both MA and red MA have cut the yellow MA down to the suprt area worth 0.87150
#14 - February 08, 2019, 08:15:35 AM
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Uceng

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Quote from: Setiafx on February 08, 2019, 08:15:35 AM
today's eurgbp analysis

new prices below both MA and red MA have cut the yellow MA down to the suprt area worth 0.87150
The possibility for the price of the eurgbp pair to resume its bearish performance is indeed very large, but for the normal London session for me.
#15 - February 08, 2019, 09:34:55 AM
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