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Eurgbpidea

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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
6
EURGBP LONGHello! How is your weekend? I hope everything is fine and you are safe! So the market opened with a small gap and the price is moving up. I'm looking for an opportunity to buy as you can see in the chart. I will wait for some confirmation: 1. The price will break the trend line; 2. The price will bounce few more times to support level; 3. High momentum to UP Let's see how it plays. Risk ratio 7:1, really good opportunity. DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
Long
by bagdisb
1
EURGBPHello! Yesterday we had a beautiful structure and price momentum up. I personally opened 2 positions, at the end of the day both were in profit. Before the market close, I decided to close my second entry to avoid a negative position. Why is that? So the main reason at the moment is, that we have Coronavirus and half of the world is closed now. All news about deaths, about the growing number of people who "catch" this virus, about political opinions can affect the markets. Markets can open with gaps. To avoid that I made a decision to close my second position. I'm still with my first position and I will go with this position LONG till the chart will give me another structure, pattern which will show me the opposite. My main key when the market opens will be to see how the price, the chart will react. I will focus on these 2 movements which I marked on the chart (orange and blue). I'm not going to explain now them, but I will update you on Monday how I can see the market and what action I will take. Have a nice weekend guys! DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
by bagdisb
EURGBP long trade ideaPlan : trendline or resistance level breakout --> wait for the price to bounce off from trendline support --> 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
7
EUR/GBPHello guys! Looks like this trade will fill in TP or I will close it manually. So what I'm looking for in the chart at the moment: The momentum of buyers is coming, just I want to see how strong this momentum will be. The big probability that the chart will change direction at least for bigger correction, before moving down. I hope to see some signs, confirmations or patterns for LONG trades. Let's see what chart will show us. I had some losses today if you want to read about them see below. ;) Thank you DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process. If you watching my analysis you saw that I had another short trade that was closed with SL. But at the end of the day, the price moved down to the level where my TP was. So why I didn't open another position and sell it again after price reached my SL? That's a good question. First of all, I'm trying not to gamble in forex - sometimes in this business your minds more important than your analysis. And why is that? Usually, people believe in themselves so badly that they even don't know when to stop. So I have a rule if my SL was reached I'm trying to stop trading immediately for some. I have to be comfortable before I take action. Looks like I was right, but I lost. It happens, it's completely fine. And second, sometimes the market making big moves against you. I don't know what about you, but my goal is to keep save my account and earn as much as possible.
by bagdisb
1
EUR/GBP Trade AnalysisHello guys! Hope you are well. I spend a few hours to get a better picture of possible movement coming this week. First of all, we are in selling pressure (correction) already 9 days and around 600 pips. Probably this or next week we will complete correction and probably we will have another impulse UP. We have to keep that in mind to avoid bad trades and mistakes. My current situation is 2 open SHORT trades with around 150 pips profit. I'm preparing myself for 3 possible movements in the coming few days: 1. (Red) Price reacted to 0,89 level and this is completely fine, I was expecting to see such a movement. This level is in the middle between two strong levels 0,90 and 0,88. I think we will see now a small correction and the price will continue to drop. 2. (Green) We can see a bigger correction from 0,89 level up to 0,90 for retest that level. That's why I moved my second position SL to BE, to avoid negative positions. My first position will stay the same, looks like if this movement will happen I will be in a safe area. After all, if the price will reach 0,90 level I will change my TP to 0,89 area to avoid a double bottom pattern. 3. (Yellow) This movement has less probability to happen, but if it will the price has to brake 0,90 strong level and I want to see how it will brake. So basically everything depends on momentum. If it happens I want to see how it will happen. There is a chance that buyers coming. Let's see what this week can give us! If you have any questions don't hesitate to contact me. ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
EUR/GBP SHORTOk. Looks like we have on more impulse to down. I will wait for some mini bounce back to retest previous support level and from there I will open SELL position with 5:1 risk ratio. Let's see what chart sign will give us. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
EUR/GBP Waiting for confirmationHello all! Hope you are well. So what's next? In such a case like this, we have to wait for better confirmation and understanding where the chart can go. There is 2 options: The price will bounce now and after will comeback retest this level 0.90 The price will break this level 0.90, retest it and will fall up to 0.88 So be patient guys and wait for confirmation. Thanks! DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by bagdisb
EUR/GBP Waiting for signalsSo, guys, all 3 positions are closed in total 260 pips. What we can expect now? First of all, there is no point to SELL or BUY this pair at this moment. I will wait for some confirmation. If the price will reach my trend line, I will try to sell again for a short period of time. Why? Because we expecting that the price will go up. You can check my analysis before for the long term. At the moment is better to find the key point where we can BUY instead SELL. So all positions against the market, long term, is risky. I painted a few possible moves, how market can react to the levels. Let's wait for some confirmation and I will write my opinion on this pair. If you have any questions don't hesitate to hit the comment button ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by bagdisb
EUR/GBP SELL Opportunity for quick tradeHello, There is a good opportunity to SELL this pair. At least 3:1 risk management. Good trend line structure and how momentum reacts. If it brakes structure we will start looking for BUY opportunities. Don't forget it's a risky entry because in long term EUR should reach 1.10 price, the chart can go against you, follow the trend. But if you like me, you can have that risk by thinking about the possible reverse. Keep that in mind. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
2
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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
EUR/GBP Still Waiting for BUYHello, I hope you are well... We can see clearly in the chart that the last drop (red) was stronger than this move up (orange). We reached a 0.93 round number. There is a big probability that price will react to this level and we will see another impulse down from where I will start looking for BUY opportunities. Let's see how it works. ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by bagdisb
2