EURGBP short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Eurgbpidea
EUR/GBP New Analysis And 2 Long Setups Avialbe This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/GBP Near Very Important Res Area Let`s Take A Short Trade The Price Made A Lowe High And Lower Low And Respect Our 4H Trend Line Very Much And Now The Price After Touched The Trend Lind For 2 Times Very Near To Major Level Of Res 0.86000 And Also It`s The Same Point For Third Touch For Down Trend Line So We Will Waiting The Price To Can Take A Sell Trade To Make A New Lower High And Lower Low..
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/GBP Broke The Support And Now We Might Have A New EntryThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Possible EURGBP buyThe currency pair was in a downward channel from the 12th of Jan 21, broke out of it on the 19th of March 21.
Pair is now on the 0.85384 support area that has held up since the 23rd of Feb 21, also near the outer wall of the channel from which it broke out. I am looking for a buy heading to the 0.86342 resistance area hopefully pushing through it
EUR/GBP Finally Close Below Support , 150 Pips HereThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURGBP long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/GBP New Setup 1:3 R:RThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/GBP Broke Down Trend Line So We Will Catch Those 200 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/GBP Multi-Timeframe analysis (Update) 666.2 PIP Move?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 indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistances
0.86775 0.86995
0.86402 0.87597
0.85382 0.87903
DAILY CHART ( BEARISH )
Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level.
Support & Resistances
0.86396 0.88602
0.84878 0.89428
0.82575 0.90841
WEEKLY CHART ( BEARISH )
Target 1 at 0.86142 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.88652 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistances
0.88602 0.91750
0.86142 0.93235
0.82759 0.94977
EUR/GBP Approaching Resistance On RetraceAs 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 short but if it plays out as I am predicting then SL can be set just above 0.786 Fibonacci and the TP can be set at 0.84157.
Below the TP price is a big support level which the price has been ranging from for the past 4 years. From there price is likely to correct higher and range for a while before there is any chance of a breakout below the support.
EURGBP long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/GBP Wait For RetraceLike 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 before entering. I have set the TP target at 0.83139 which is the next big support level.
EUR/GBP Multi-Timeframe analysisHi 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 a retracement higher towards the 0.86793 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.86995 level.
Support & Resistances
0.86396 0.86793
0.86182 0.86995
0.85809 0.87375
DAILY CHART ( BEARISH )
Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level.
Support & Resistances
0.86396 0.88602
0.84878 0.89428
0.82575 0.90841
WEEKLY CHART ( BEARISH )
A very low probability, entry signal to go SHORT was given at 0.88652 after the market completed a bull trap reversal pattern. Only the upward break of 0.92906 would cancel the bearish scenario.
Support & Resistances
0.88602 0.91750
0.86142 0.93235
0.82759 0.94977
EUR/GBP Wait For RetraceThis 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.
I want to see this retrace to at least 0.382 Fibonacci and providing the indicators confirm and price rejects from here we can enter shorts to a target of 0.85959. My ultimate target is 0.83139 which is the bottom of a range this has been in since 2016.