EUR/GBP - Head & Shoulder Pattern Complete!Hello Traders!,
We're at the beginning of our trading week and today I've realised a head and shoulder pattern I've been eyeing is finally complete and is almost time for an execution!
What Is The Market Telling Us?
Price has been in uptrend and was halted once it reached resistance of @0.91505
Head and shoulder pattern complete once price has shown a bearish closure upon the break and retest of neckline
MAs show market sentiment is bearish as 50SMA is above 14EMA and a bearish crossover before
When Should We Enter?
As we are on a 4H timeframe we can look to enter once our neckline has been respected as a resistance level
Execute on 1H timeframe after a clear bearish closure below our neckline, this closure confirms neckline being respected
Eurgbpidea
EURGBP long trade ideathe price goes up as predicted on my last EURGBP analysis (link attached below!) and we are seeing price still on bullish structure, please wait for price deceleration at potential confluence level as printed on my chart. good luck!
Plan: wait for the price to bounce off from potential confluence 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
EURGBP signal (LONG)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
targets: 0.918 - 0.928 - 0.938
after first target reached move ur stop to breakeven
stop: ~0.891 (depending of ur risk). ALWAYS follow ur RM .
risk/reward: 1 to 4
Good luck
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Good luck.
It's not financial advice.
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Open to your questions or suggestions(PM to me).
EURGBP long trade ideaPlan: resistance level and trendline resistance breakout --> 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
EURGBP long trade ideaPlan: resistance level breakout --> 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 - Bullish Pressure Incoming!Hello Traders!,
As most of us can see, the EUR has gained a lot of strength this week against other currencies, although, against the GBP it seems that is not exactly the case. Although, the bullish spike on EURGBP is inevitable.
What Is The Market Telling Us?
Price had a significant bearish impulse move towards the demand zone
Bullish reaction upon touching demand zone, market is currently ranging in consolidation
When Should We Enter?
Will be waiting for a clear breakout pattern, preferably with a retest on 15M chart
Since we are bullish, wait for a breakout to the upside before making any BUYS
EURGBP short trade ideaPlan: 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURGBP short trade ideashort-term target at 0.8844 reached on my last roadmap analysis (link attached below!), here's the plan if 0.8844 resistance level respected by price and seller manage to push the price to go down
Plan: 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX