Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Daily Market Analysis by HotForex
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HotForex, post: 100141, member: 33561"] EURGBP attractive near the regression channel low [IMG]https://analysis.hotforex.com/wp-content/uploads/2016/04/Chart_16-04-12_11-33-13.png[/IMG] [B]EURGBP, 240 min[/B] EURGBP has been in an uptrend lately and is still breaking above recent pivotal highs. It has been attracting buyers after pull backs have taken the pair near S&R levels. Now that EURGBP has retraced from a new 22 month high it could be soon reviving buying interest from those that look to participate in this uptrend after a decent pullback. The pair is oversold in terms of Stochastics oscillator (7,3,3) while it tried to bounce from the 38.2% Fibonacci level. I expect the uptrend to continue but think that the current level is a bit too risky to trade long and expect the pair first to make another leg lower. This would bring it to my buy area. The regression channel low and the area between the 61.8% and 50% Fibonacci levels, together with the March high at 0.7946 should mean that quite a few market participants view this area as a potential area for long trades. I am looking for long entry signals between 0.7938 and 0.7994 with Target 1 at 0.8080 – 0.8120 bracket and Target 2 at 0.8160 – 0.8180. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…