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Eur-gbp

ridethepig | EURGBP Finding a Floor📌 ridethepig | EURGBP Finding a Floor After the preparatory manoeuvre, passive sellers are keeping a close eye on the 0.882x ABC target and already starting to cover. Sharp Buyers were aware of this and made the transition to attempt a base formation. With ECB / FED now cleared there is the customary inventiveness to continue with the rally. What we are trading here is the expectation of BOE cuts and calling bluff on ECB holding pattern. On the GBP side, we have been given a data from Johnson for March where kids will return back to school. Taking it with a pinch of salt once more and recommend resisting temptation to park in GBP. BOE has room to cut rates and with Brexit impact starting to enter into play, the flows will become clearer. Technically taking 0.893x will open the floodgates for a momentum gambit towards the highs, while to the downside 0.887x/0.882x area will continue to be the loading zone. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
10
EURGBP a move to the 0.87? 🦐EURGBP on the weekly chart has reached the support structure at the 0.88800 level. The market created a huge head and shoulder formation and now testing the neckline. According to Plancton's s strategy IF the price will break below we can seta nice short order. --–– 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.
Short
by InkyGrip
11
EURGBP - SWING - 25. JANU. 2021Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Bearish closure below main sr level. 4 HOUR Overall bearish market structure with a small pullback. DAILY Great short entries following mid term trend. - FOREX SWING SELL EURGBP ENTRY LEVEL @ 0.88870 SL @ 0.89200 TP @ 0.88410 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
22
EUR/GBP Will Support HoldThis is at a big support level. I previously posted that this was in a range from this support and the upper resistance. Now we are at this support we need to see if it can hold before rising or if it breaks and drops. It has had a lower closing candle on the 21 Jan so there may be big pressure. I would keep a close eye on this and if it does break the support and has a closing daily candle beneath the support then this can be shorted on a retrace back to this level which would then be resistance.
by olly48
EURGBP will break the pennant? 🦐EURGBP on the 4h chart bounce over the support. The price created a pennant formation and according to Plancton' strategy, if the market will break below, we can set a nice short order --–– 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.
Short
by InkyGrip
14
EURGBP Long / Buying a key support, Possible Head & ShouldersHey guys! Happy new week! I know its MLK day in the US, so their markets are closed, but that does not mean there are no opportunities in the markets! - We actually took home a few winners already, and I think we could get this one too! Ok, so this trade is based on a few ideas, and here they are: Price is at a strong support level Possible H&S pattern, seen on 4H, and 1H On the 10m chart, we are making higher highs and higher lows RSI is coming out of the oversold zone EUR has been pretty weak all last weak, some relief could come I hope this helps you with your trading decisions and results today! All the best! And PS, make sure you check out our signature below!
Long
by PrimedGroup
EURGBP on a big H&S 🦐EURGBP on the daily chart has reached the support structure at the 0.88800 level. The market created a huge head and shoulder formation and now testing the neckline. According to Plancton' s strategy IF the price will break below we can seta nice short order. --–– 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.
Short
by InkyGrip
8
EURGBP testing a weekly support 🦐EURGBP is moving in a descending trend. The market reached the weekly support at the 0.88930 area. If the price will break below and consequently break the descending channel, we can set a nice short order. --–– 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. Jan 6 Comment: As expected
Short
by InkyGrip
12