EURGBP SHORT FORECAST Q2 W20 D15 Y25EURGBP SHORT FORECAST Q2 W20 D15 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block
✅15' order block
✅Intraday bearish breaks of structure
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Eg
EURGBP SHORTAfter some good price action and changing Charachter we have a possible sell on EURGBP.
Asia Range filled yesterday and price dropped to create a new LL.
Waiting for the Price to come to our OB (Order Block) @ 0.86369 between 0.86424 and fill the small Imbalance under the OB.
Entry: 0.86369
SL: 0.86469 (10 Pips)
TP 1 is 3% which is the Asia low from Today (30 Pips)
TP2 is 7% which is the next Asia low which still has to be filled. (70 Pips)
What do you guys think about this Idea? Leave comment and a like!
EG shortThings are looking quite good for an EG short , to list some reasons why...
+ Multiple Asia sessions need to be filled
+ Liquidity sitting below lowest Asia session
+ Price action is weaking near top, all we need is a nice BOS and re-test of the highest void (nice rejection off of that for an entry)
Counter idea: This idea could become invalidated because price tested the session high 3 other times so it is weakening the session high, we may just smash through our void and continue on our 15M uptrend. But until then we will have to see what PA does.
Continuation in EURGBP Pullback?Liquidity is all around you...
Strong movement to the upside in EG. GU selling off strong and EU within a tri-month long range. Look for the possibility of EG continuing up. Maybe we get a pullback here for the next half day or two. But, i'm looking for quite a hefty upside target until price shows reason to not be long here after the pullback for the next couple days. Which i'm sure could happen.
Peace.