EURGBP – Sellers on the possible win win track

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EURGBP – Sellers on the possible win win track

Trend: Sell/ Neutral

Support/Resistance:
R3: 0.85361
R2: 0.84877
R1: 0.84544
S1: 0.84236
S2: 0.83643
S3: 0.82731

Price action:
Market is getting power on EURGBP sell side. In this case Bears has to retrace from first resistance level at 0.84544. After this retracement market has to close on daily chart below 0.84236 support level to continue its way down and treat this trade as a bearish trade idea. The overall flow might take longer time to reach bearish targets because of bullish pull back on the left side. If bulls are able to get higher then their potencial trade will be between 0.84877 and 0.85361 resistance level which is hard to expect but possible to sell even later.


Potencial trade idea:

Bulls targets:
T1: 0.85361

Bears targets:
T1: 0.83643
T2: 0.82731

NOTE – We are trading EURGBP via the preferred trading setups


Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

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