EURGBP 4H - Sell Idea...
EURGBP Sell Idea
Very Similar to EURAUD Trade we can see the same price action happening with this pair too.
- One - A key factor on the weekly Timeframe, we are currently rejecting the 200 MA.
- Two - We have swept previous highs and sharply moved price action bearish leaving huge imbalance/FVG behind to be filled.
- Three - Our Fib Levels line up nicely with the imbalance which will get filled before the end of this week I personally believe.
- 0.71% Fib Level for position 1
- 0.79% Fib Level for position 2.
- Target will be the 0% fib levels.
- Stop Loss Covering Previous High Of the Fibonacci level at 100%
Very Similar to EURAUD Trade we can see the same price action happening with this pair too.
- One - A key factor on the weekly Timeframe, we are currently rejecting the 200 MA.
- Two - We have swept previous highs and sharply moved price action bearish leaving huge imbalance/FVG behind to be filled.
- Three - Our Fib Levels line up nicely with the imbalance which will get filled before the end of this week I personally believe.
- 0.71% Fib Level for position 1
- 0.79% Fib Level for position 2.
- Target will be the 0% fib levels.
- Stop Loss Covering Previous High Of the Fibonacci level at 100%
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.