Well, the odds are in favour and that's why I'm opening a short here. stop will be 0.872x range.
High chances for the Price to come to the 0.618 indicated SELL for the target. can even go further than that
Undertanding money distribution before sell-offs is crucial to becoming a profitable trader. This pair did a run on stops holding above the 'break & re-test' area before shifting trend, we should start to see strong bearish moves from here.
Hi, Eurgbp is setting up for a move to the upside, we are going for another drop making a new low, after that we can bounce off changing the trend, watch for a clear bounce off at lower timeframes to get in the setup Good luck
after breakout and now pullback wait for more conformation on 4h
Labeled here are the significant price points. I'm looking for a retracement to that previous drop-off at 0.86100 and then targeting 0.85000 before bouncing-off for another retracement.
Pattern inside a pattern with nice 3 touches , big move is expected 🙌 , also a wick rejection on 4H time frame
With over 350pips in the kitty, the price continues deep lower in our favour since my last publication on this pair (see link below for reference purposes). As the tendency for price finding lower lows increases, I suspect that the Euro risk a further decline in the coming week(s) on the back of the Pound finding "better days"! In this regard, a very simple...
Hi Traders EUR/GBP Multi-Timeframe analysis Update H1 CHART ( Bullish ) Target 2 at 0.86964 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market. Support & Resistances 0.86272 0.86485 0.86155 0.86539 0.85957 0.86697 H4 CHART ( BEARISH ) Conflicting technical signals are...
As reported in my previous post on this pair this is now coming close to resistance. The blue line indicates the lowest point of the old support which was obviously broken and now should act as resistance. I want to see this reach this price and rebound lower to the next target. Need to wait for the price to show it is reacting to this level before entering a...
Like a lot of pairings at the moment this did not make a retrace and continued straight to the next support/resistance level. This touched the next TP price I had set but without the retrace I could not enter the trade. Now the plan is to wait for a retrace as this is very overbought. A retrace to around 0.5 Fibonacci would be good but we need to see the rebound...
EURGBP, Break out Support, Price action tells further Below!
Hi Traders EUR/GBP Multi-Timeframe analysis H1 CHART ( BEARISH ) A high probability, entry signal to go SHORT was given at 0.86671 after the market found resistance at 0.86779 . Only the upward break of 0.86779 would cancel the bearish scenario. Support & Resistances 0.86402 0.86793 0.86182 0.86995 0.85809 0.87182 H4 CHART ( BEARISH ) Waiting for...
This hit my TP yesterday, I now want to see this retrace so we can enter another short. When viewing on the weekly and daily timeframes you will see this has been on a big drop without a retrace and we are now at a support level. This is why I feel it is a good time to secure profits and wait for a better position to short again that will take us past the support....
EUR/GBP remains within this downwards trend channel, its bearish bias remains in place.