EURGBP – Weekly sellers on continuation trending way

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EURGBP – Weekly sellers on continuation trending way

Trend: Strong Sell

Support/Resistance:
R2: 0.85755
R1: 0.84805
S1: 0.83644
S2: 0.82748

Price action:
Market on EURGBP currency pair is still more bearish then bullish. At the moment bears are at very good position to sell lower, but first we have to se retracement on 0.84540 resistance level. After that we can sell position to first key support level on daily timeframe at 0.83644, and second suport level which is recent weekly lower low support level at 0.82748.

Potencial trade idea:

Bears targets:
T1: 0.83644
T2: 0.82748

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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