Eurgbpidea
EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURGBP trend continuation ideasPrice is in a downtrend but don't be fooled, many retail orders are stacked up the top ready to be purged. Expect price to reverse in one of the two zones, I vouch for the lower one as institutions have open shorts there and need to be closed first before going up. Trend reversal confirmations needed within the indicated zones before entry. GL
EURGBP, the never ending storyWhen it seems to arrive to the point, it sh*ts oneself from fear.
Seriously, we are always in full B2 of the annual and we are moving towards the quarterly B1, after which the cyclical trend will turn downwards and we will have to evaluate an optimal closing of the positions.
For now we are in profit with both positions, I do not rule out a retest of the MML at 0.8380, but given the intense accumulation phase, the most logical move now would be to go and distribute the price above 0.8550, perhaps looking for the highs again. of the period to about 0.858.
So, we are waiting for the next movements, but we are starting to set a deadline: 1st March '22
EURGBP Monthly PD ARRAYS Calling EURGBP
We Have Price So Close To The Monthly PD Arrays ( Imb/Order Blocks)
On The Monthly Timeframe We Have Price Inefficiency (Liquidity Void )
We Looking To Fill That
Considering That There Equal Lows In The DAILY
We Also Have Equal Lows On The WEEKLY
Trade Setup Framework
We Look At Bearish PD Arrays Checklist
Old High Taken ✔️
Bearish Breaker (In Progress)
Bearish OB (In Progress)
Bearish Mitigation (BB ,In Progress)
Imbalance ✔️
Type Of Trade
We Taking This Trade As A Continuation Trade
EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.