EURGBP:08/11/2023:🔴Sell opportunity🔴As you can see, the market structure is bearish and we looking for a sell.
There is a bearish order block with liquidity that makes it even stronger.
Attention please: We need LTF confirmation for entry.
💡Wait for the update!
🗓08/11/2023
🔎 DYOR
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Eurgbp!
EURGBP - Top-Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #EURGBP.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
EURGBP - Short - Daily Trend BreakUsing the intra-day wedge to get short after we broke the Daily up trend yesterday. That candle did close bullish, but I think the intra-day wedge helps to establish the short bias. Target is perhaps optimistic but with a positive swap, I'm happy to hold overnight.
Stop above high of day at 0.86882
Targeting ExMo low/Previous days low around 0.86550
Broker SWAP: +0.17%
EURGBP H4 | Bearish reaction off 50% fibo?Price is hovering below our sell entry at 0.8687, which is an overlap resistance level, slightly below the 50% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.8724, which is placed beyond the swing high resistance level. Take profit is at 0.8658, which is at the swing low support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TradePlus-Fx|EURUSD: strengthening💬Description: According to the previous scenario, in a certain future (1-2 weeks) , we expected a temporary strengthening of the Euro , which is currently happening. In the near future, most likely, buyers will approach the level of 1.06745 , from where the “insidious” plan of buyers to “throw out” sellers from the market will begin. To do this, it is necessary to make a local update of the maximum, and as a result, it is most likely the price will touch the level of 1.07000.
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Textbook Consolidation Rectangle -EGHere we have EUR/GBP on the 4Hr Chart in a beautiful textbook example of a Consolidation Rectangle Pattern! Clearly respecting a Resistance @ .87403 and Support @ .86829!
Accompanying price on my chart is the 200 EMA with price ABOVE it showing it has been BULLISH with the dirty test prior to the pattern.
Along with the Bollinger Bands showing CLEAR signs of sideways trajectory!
Fundamentally for today:
EUR - Spanish Unemployment Change @ 3am and Unemployment Rate @ 5am
GBP - CIPS UK PMI @ 4:30am and MPC Members Pill & Haskei speak @ 7am & 11am
As far as directional bias, I will be neutral on this pair until we are given a proper break with added confluence of other factors pointing to solid momentum!
*Chart patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
EURGBP: Confirmed Bearish Reversal?! 🇪🇺🇬🇧
Take a look at that huge rising wedge pattern on EURGBP on a daily time frame.
This week, the price formed a head and shoulders formation within its boundaries.
Yesterday, the price formed an imbalance bearish candle and violated both
the neckline of the pattern and the support of the wedge.
It signifies a change of character on a pair and a highly probable bearish continuation.
The market will most likely drop to 0.8625
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EURGBP ShortMassive bear Weekly Close breaking a 4 week support
Next week we'll be looking for a price pull back to test the resistance and if rejected then we're all set for to short eurgbp
Support trend line also broken.
Next week look for validaton of those support lines becoming now resistance levels
Strifor || GBPUSD-11/03/2023Preferred direction: SELL
Comment: The previous trading idea for the British currency also worked out and at the moment a short position is being considered again. At the level 1.22370 there is pressure resistance, at which a downward reversal is expected. Most likely, the instrument will try to grow slightly beyond this boundary, and then fall to local lows.
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Strifor || EURUSD-11/03/2023Preferred direction: SELL
Comment: The previously published trading idea for the Euro remains valid; we are right at the area considered for sale. Tomorrow the long-awaited non-farm is expected, which could serve as a trigger for a fall to the current lows.
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EURGBP H4 | Falling to 50% Fibo supportEUR/GBP is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.86869 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 0.86530 which is a level that sits under an overlap support that aligns with the 61.8% Fibonacci retracement level.
Take profit is between 0.87350 and 0.87541 which is a recent swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Strifor || XAUUSD-Fed meetingPreferred direction: SELL
Comment: TPrevious trading ideas for metal worked well for shorts. Before the Fed meeting, this mood continues and a fall towards the level of 1952 is expected. Regarding metals, it is expected that the dollar will strengthen.
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Strifor || EURUSD-11/01/2023Preferred direction: SELL
Comment: During trading on Tuesday, the euro dipped significantly against the backdrop of American labor market statistics. At the moment, it is most likely that the currency pair will move into the flat. The expected movement ahead of the Fed meeting is downward.
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EURGBP I Pullback and continuation Welcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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