EURGBP order block sell positionWe came into a 4hr area of consolidation and now demand is in control, i expect price to come back up to the area i have marked getting this entry with a 3 pip sl you can hold this trade over the weekend if it gets activated during this time
if the trade gets activated hold the trade for atleast 1:5 make sure to take partials on the way down.
just keep in mind that it is a friday and we could face big spread so just be careful
Have fun Trading and have a profitable week!
Eurgbplong
Eurgbp ready to bounce back to record resistence.Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:EURGBP
We can see a market break its strong support in D1.
So we are expecting a strong rise near support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
EURGBP Aug 2022 W.2: Short-term trend!Hi friends, I hope y'all are having an amazing weekend ;)
Today, we're looking at a possible short-term trade signal. This trade is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the H&S accumulation phase that aims to retest the 50 and bearish crossed short-term m.a's so that it will fully confirm the long-term bias of both the weekly and monthly. However, this counter-trend signal might be rejected, by having the price dramatically drop in direction of the overall trend. With that said, let us take a look at how the bulls and bears might behave in triggering our trade and dis-confirming it.
Bulls: -If the price bearish bounces off the Daily Half a Bat Neckline and 8 m.a with a bullish reversal candle pattern, that will trigger out trade or confirm our bias. I call this type of trade signal a "Double Bottom B-E.1".
Bears: -If the price forms a bearish reversal pattern that leads it to bearish break and retest the Daily Half a Bat Neckline together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our trade or bias. The price would be preparing for the long-term trend I mentioned earlier on.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Spha Thwala.
10:1 EUR/GBP Trend Developing***Not Financial Advice***
The EUR/GBP has rotated off of the lowest major framework box in its range signaling that we are headed toward the opposite side of the range, or 1000 pips away at minimum. See EUR/USD for a preview of what this market could do.
With the EURO Rate Decision set for Wednesday this week, this could be a high impact event that catalyzes price to start trending.
With many factors lining up in our favor, and the wind to our back, this is a trade setup where you can consider placing a heavier position than normal.
Multiple trade factors coalescing into a singular conclusion is like being dealt pocket kings. There is still some risk that you're wrong about the trade, but you have the option to be more aggressive in how you play them (read: consider lotting up).
May the odds be ever in your favor
***Not Financial Advice***
Euro against pound is ready for long Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:NZDCAD
We can see market is strugling near its previous resistance and currently standing near its a strong support in D1 Support level.
So we are expecting more rise near Trendline,Then we can expect a strong bull run after the formation of Head and shoulder.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
EURGBP STILL IN UPTRENDEURGBP reached key technical support yesterday which is marked by the lower boundary of the broad 1:1 structure. Support at 0.8460 is also marked by the 50% Fibonacci retracement of the recent bullish swing started in March 2022.As long as the rate is above the 0.8460 area, we can expect the the pair to continue its upward movement. Moreover, the recent downward move looks like an ABC correction, confirming the bullish scenario.
EURGBP: Who from the weak?!EURGBP
Intraday - We look to Buy at 0.8425 (stop at 0.8395)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.8515 and 0.8600
Resistance: 0.8460 / 0.8600 / 0.8720
Support: 0.8400 / 0.8325 / 0.8200
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EURGBP | SELL ON BREAKEURGBP has been trending for a while now. The price looks a little slowish at the top. It can be the distribution of the price. The barometer for the sell trade is the break of the horizontal support zone and a rising trendline.
Expect the price to move down if it breaks successfully.
EURGBP Long - Dow Theory and Bullish Indicators - Week 03 02EURGBP Long position on basis of HHs and HLs as learned in Dow Theory and on basis of bullish indicators in the bearish trend.
- Inverted Hammer, Bullish Engulfing, Tweezers Bottom has been marked
- SL is last HL
- Placed pending order for mentioned entry point.