Get started

Eur-gbp

EURGBP looking up 🦐EURGBP on the 4h chart after the uptrend impulse reached the 0.88600 area. The market started a distribution phase where it tested the upper resistance and lower support a few times without breaking it. The price then moved to the lower demand where it took the liquidity to create the impulse to the upside with a break of the previous range followed by a retest of the previous resistance now turn support. How can i approach this scenario? If the price will break the minor resistance i will consider a nice long order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
EURGBP can move lower? 🦐EURGBP on the 4h chart after the uptrend impulse reached the 0.88600 area. The market started a distribution phase where it tested the upper resistance and lower support a few times without breaking it. Being at the top of an impulse I would expect some retracement to the fair value. The main trend remains anyway bullish so we will need a clear break of the support + the trigger of Plancton's strategy in order to consider a short position to the next support area. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
💶💷 EUR/GBP Attention We Are Falling 💶💷💶💷 EUR/GBP Attention We Are Falling 💶💷 Nearest strong support zone: around fibo 0.5 level (0.8740). 💶💷 Nearest strong resistance zone: Surrounding fibo level 0.382 (0.8870). 💶💷 Technical environment: - Moving averages: Uptrend - MACD: Downtrend - RSI: Uptrend - Supertrend: Uptrend 💶💷 Price action: EUR/GBP in Friday's session scored a strong price slide, the candle turned into a shooting star, and the upward correction established its peak near the 0.382 level of the entire upward wave, the technical environment looking at the indicators of technical analysis are still undecided to the direction, but looking at the formations there is a good chance to score a new downward wave. We still have some space to the nearest support zone so I recommend watching the behavior of the price. 💶💷 The scenario I play out is to observe how the price will behave and whether it will continue to fall from current levels. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Short
by InvestMate
6
EURGBP - Looking For Sell Setups!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart EURGBP is stuck inside a range and currently approaching the upper bound / resistance, so we will be looking for sell setups on lower timeframes. on H4: Right Chart EURGBP formed a channel in red but it is not ready to go yet. 🏹Trigger => for the bearish to take over, we need a momentum candle close below the last low in gray. Meanwhile, until the buy is activated, EURGBP can still trade higher inside the daily resistance zone or even break it higher. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
7
Short position for EURGBP + daily resistanceThe orange line is a daily resistance that I use a long time ago. As we can see RSI already crossed the 50, after a overbought zone, together with MACD we can see after the RSI change the direction MACD had crossed the signal line and also changed it. And joining these indicators we've the BB where the candles had already crossed the MA, and the BB lower line is moving away from upper line, showing us a great continuation of the downtrend Analysis of the 4H time-frame is the same, all the indicators are moving in the same direction as 1H tf
Short
by AFCapital21