EURGBP Pattern inside a pattern with nice 3 touches , big move is expected 🙌 , also a wick rejection on 4H time frame
Eurgbpsell
EURGBP - Order Block TapWe tapped into a previous order block but the rejection has been small, I would like to see a strong rejection here/below before we get involved in buys to target the buy-side liquidity above the resistant area marked.
[EURGBP W1 Mar 2021]EURGBP
Short Setup
👉🏻 Was on a bearish bias since last week after price made this break to the downside. Pullback has already been seen, plus with the fundamentals in the UK, price could be driven further down
EUR/GBP Multi-Timeframe analysis (Update) 666.2 PIP Move?Hi Traders
EUR/GBP Multi-Timeframe analysis Update
H1 CHART ( Bullish )
Target 2 at 0.86964 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market.
Support & Resistances
0.86272 0.86485
0.86155 0.86539
0.85957 0.86697
H4 CHART ( BEARISH )
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistances
0.86775 0.86995
0.86402 0.87597
0.85382 0.87903
DAILY CHART ( BEARISH )
Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level.
Support & Resistances
0.86396 0.88602
0.84878 0.89428
0.82575 0.90841
WEEKLY CHART ( BEARISH )
Target 1 at 0.86142 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.88652 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistances
0.88602 0.91750
0.86142 0.93235
0.82759 0.94977
EUR/GBP Approaching Resistance On RetraceAs reported in my previous post on this pair this is now coming close to resistance. The blue line indicates the lowest point of the old support which was obviously broken and now should act as resistance. I want to see this reach this price and rebound lower to the next target. Need to wait for the price to show it is reacting to this level before entering a short but if it plays out as I am predicting then SL can be set just above 0.786 Fibonacci and the TP can be set at 0.84157.
Below the TP price is a big support level which the price has been ranging from for the past 4 years. From there price is likely to correct higher and range for a while before there is any chance of a breakout below the support.
EUR/GBP Wait For RetraceLike a lot of pairings at the moment this did not make a retrace and continued straight to the next support/resistance level. This touched the next TP price I had set but without the retrace I could not enter the trade.
Now the plan is to wait for a retrace as this is very overbought. A retrace to around 0.5 Fibonacci would be good but we need to see the rebound before entering. I have set the TP target at 0.83139 which is the next big support level.
EURGBP Outside vortex This is my idea for EURGBP
Outside vortex. I expect the sell trend to continue
You trade at your own risk.
Disclaimer:
Published ideas are not an invitation to invest but are considered as educational material.
The achieved results are not a guarantee of future results.
Please thumbs up if you like the idea.
Thank you
CroFXsignali
Eur/GbpTrap 2.0
Looking to place 2 Pending orders with risk to reward of 2!
Sell Stop @ .86426
Sell Limit @ .86647
Price is below all EMA's
Playing of a 4 bar Bearish Engulfing candle
& Follows the trend
🤜🏻🤛🏻
EUR/GBP Multi-Timeframe analysisHi Traders
EUR/GBP Multi-Timeframe analysis
H1 CHART ( BEARISH )
A high probability, entry signal to go SHORT was given at 0.86671 after the market found resistance at 0.86779 . Only the upward break of 0.86779 would cancel the bearish scenario.
Support & Resistances
0.86402 0.86793
0.86182 0.86995
0.85809 0.87182
H4 CHART ( BEARISH )
Waiting for a retracement higher towards the 0.86793 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.86995 level.
Support & Resistances
0.86396 0.86793
0.86182 0.86995
0.85809 0.87375
DAILY CHART ( BEARISH )
Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level.
Support & Resistances
0.86396 0.88602
0.84878 0.89428
0.82575 0.90841
WEEKLY CHART ( BEARISH )
A very low probability, entry signal to go SHORT was given at 0.88652 after the market completed a bull trap reversal pattern. Only the upward break of 0.92906 would cancel the bearish scenario.
Support & Resistances
0.88602 0.91750
0.86142 0.93235
0.82759 0.94977
EUR/GBP Short predictionlooks like EUR/GBP is on a downtrend, likely to continue over extended period of time
looks to be fitting into descending triangle
EUR/GBP Wait For RetraceThis hit my TP yesterday, I now want to see this retrace so we can enter another short. When viewing on the weekly and daily timeframes you will see this has been on a big drop without a retrace and we are now at a support level. This is why I feel it is a good time to secure profits and wait for a better position to short again that will take us past the support.
I want to see this retrace to at least 0.382 Fibonacci and providing the indicators confirm and price rejects from here we can enter shorts to a target of 0.85959. My ultimate target is 0.83139 which is the bottom of a range this has been in since 2016.
EURGBP Sell (MY View)Looking For a Sell Position EURGBP. Banking on Bearish Trend To Continue Till With This Pair
Fibs For TP 1$2
EURGBP - Intra Day TradeThe overall bias on this pair is bearish, however, I will be looking to fade a trade back into the key previous structure before I attempt to sell it off long term.
EURGBP - Bearish TrapsThere is no denying that this pair is creating stepping down structure, however, It is likely that selling traps will be in place.
I assume many would be selling from the break and re-test of the most recent structure, I will be waiting to get involved in sells from the order block just above it.
EURGBP - sell zone Price broke down key daily level 0.88 + D1 close under that key level
That's a signal for continue of Down move.
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EURGBP ANALYSISEUR/GBP remains within this downwards trend channel, its bearish bias remains in place.
EURGBP, Strong support becomes Strong Resistance, ShortEURGBP, Breakout Strong Support and already retested.. Price Action tells further below!
EUR/GBP Is Breaking through SupportThis is breaking through a big weekly support level. Best time to enter a short is on a retest of the support now acting as resistance. This will give the safest trade setup, for a SL the highest previous point is too high for a good risk/reward ratio so it can be just above 0.618 Fib. TP is at the next support level downwards.
As I said best entry is to wait for a retest and rejection from the new resistance (previous support).
