Get started
Euro / British Pound
Short

FOREX : Short opportunity on EURGBP

By UnknownUnicorn3865496
Updated
Hello Traders,

I'm expecting that the EURGBP will not break out side this side way channel,
I'll be looking for opportunities to short this paire during the coming weeks,

This is a risky trade,

Never expose more than 1% of your capital to the market.
This is for educationnel purpose and it is not an investment advice.

Best Regards,

Note
30min side way channel.
snapshot
Note
One more push for the upside.

snapshot
Note
It will be expected that this PA will continue to push for upside for short term.

snapshot
Note
Still pushing for upside,
This structure could break down.

snapshot
Note
This paire still in side way movement,
I'll be looking to shrot it from the top.

snapshot
Note
If we are going to see a flag and breakup, so one more up move.

snapshot
Note
snapshot
Note
snapshot
Note
Finally we have got that breakdown.
Cheers guys !! the market is going with the we want.

snapshot
Note
1st scenario.

snapshot
Note
2nd scenario.
snapshot
Note
Ending Diagonal

snapshot
Note
snapshot
Note
The Eur is breaking down as expected,
We still in side way movement, so it is possible PA can reverse form the bottom for one more upside wave.

snapshot
Note
Watch for this flag to breakdown.

snapshot
Note
Filnally we got a strong break down.

snapshot
Note
snapshot
Note
snapshot
Chart PatternsTrend AnalysisWave Analysis
UnknownUnicorn3865496

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.