EURGBP - Hands up if you're in Buys? 🙋🏼♂️Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren
Eurgbplong
EUR/GBP: Bomberman! 💣💣💣The Euro had a tough time against the British Pound pretty much since the second half of 2020. Now that the course has entered the yellow target box (0.86035 GBP - 0.84199 GBP), we expect a massive turnaround that will let the Euro valuate against the Pound. As it is indicated in the chart, we have already entered this market on the long side and expect the price to rise above 0.92916 GBP.
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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
EURGBP managed to break upward
Yesterday the pair was trading finding resistance towards the supply zone, and I was short because of the rejection and after forming a double top pattern. However, the bearish closing candle expected as confirmation never happened. Instead, the price action managed to record a new HH invalidating the initial bias.
The price has broken the supply zone, and we could expect an upward continuation movement after the re-test. Potential setup R:R | 1:4
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EUR/GBP Multi Timeframe analysis Base on the monthly chart the market is clearly over extended and as well we have a M pattern. When the market is over extended what we can expect is a correction. As well we have a M pattern, so we can expect the completion of the pattern with a retracement to the neckline.
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.
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GWBFX
EURGBP - Up we go? In BUYS... 🙌Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
EURGBP Major Sideway Continue?G'day Guys.
Here our EG potential trade setup. Let me explain.
1. In bigger time-frames showing wide range of sideways market movement. As i always mentioned, Market is Human Behavior & Human Behavior is Markets
2. In hourly time-frames, am seeing that market reaching for demand zone. Market direction may change into bullish market movement.
I suggest to read about
* Human Behavior & Markets Movement
* Policy & Markets Movement.
"The Books NOT in the Markets yet. heheh"
I believe you guys will understand how exactly market move.
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
Is EURGBP turning around ?? week of 15 Mar, 2021This pair has had quite a decline for the past 6 months as evidenced by my daily chart below. IMO this is likely to change soon.
As the H1 chart above shows, we had a few days of consolidation (shaded box) and earlier today it broke out impulsively to the upside. Price has now returned to retest the breakout level (0.8579) and I do expect a continuation to the up side next week.
With a target at 0.8650 and stop below the box, we have a possible +2R trade.
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As always, please use sound money and risk management in all your trades.
EURGBP - Shifting Structure & Momentum Take II (🚀 Long)Hi Traders
The long trade I opened this morning got unfortunately stopped out - looks like a nice stop hunt which took out a good few buyers I guess (stop slightly below the bottom).
I give it another go. RR 1:3 - Mind: I am already -1R on this one, so if it hits TP I make 2R overall.
Stop goes breakeven as soon as price hits 1R profit.
Good luck guys 💪