Eurgbpsell
EUR/GBP Technical Analysis
The upside movement of the pair is capped by a bearish trendline.
It attempted a breakout but fizzled out and the price action has formed an H&S pattern instead.
Hence, we expect the pair to be bearish in the near-term.
EURGBP long opportunity EURGBP has broken the channel to the upside and the market is looking quite bullish. It will be best to buy this pair in retracement. When the market goes and retests the 0.382 or 0.5 fibo watch on 4H for a long opportunity.
EURGBP H4The price is in a price channel, All we have to do is buy at the bottom of the channel and sell at the top of the channel.
EURGBP - BEARISH OPPORTUNITY FOR TODAYEUR - BEARISH
1️⃣ Dragged down by coronavirus worries and Brexit concerns. Investors fear that a worsening coronavirus situation across Europe could hamper the region's economic recovery.
2️⃣ German Economic Sentiment eased to 56.1 in October.
GBP - BULLISH
1️⃣ Cable recorded fresh 5-week highs at the beginning of the week on the back of renewed optimism surrounding the UK-EU Brexit negotiation.
2️⃣ The European Union will continue to work for a fair deal with the United Kingdom in the coming days and weeks, the EU's chief Brexit negotiator Michel Barnier said on Tuesday.
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TECHNICAL
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- We're looking to short EURGBP on SBR level + 61.8% fibo retracement level on H1 chart.
- EURGBP in bearish zone.
EURGBP SELL Bearish continuation
TUESDAY, 6 Oct 2020
#EURGBP SELL
ENTRY = NOW at 0.90700
SL = -40 PIPS
TP = +110 PIPS
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
EURGBP is setting up for a break to the downsideEurgbp uptrend channel is ending soon, final wave has been completed on eurgbp now its ready for a trend change
Watch price action in lower timeframes to add sell positions
EURGBP short play off of the 0.9088 levelPrice is testing the 0.9088 level. We've seen price trade both above and below this level since mid-July. Based on the current price action, we're observing weakness on the upside. Here's the run down on the two labels:
1. Price previously held supported and broke below this level. This has trapped quite a few traders who have shorted this break lower as it quickly reversed.
2. Notice that it failed to make a higher high. In fact, it reached the previous intraday resistance and then began selling off again. Given how quickly price has broken below this level, this support is weakening. We are looking to short on the next possible pullback opportunity just to optimize our entry.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
EURGBP - BEARISH BIASEUR - BEARISH
1️⃣ Concerns about a second wave of coronavirus infections in Europe sent investors rushing for safety.
2️⃣ German business morale came in weaker than expected in September, while France's industry morale beat forecasts.
3️⃣ The risk-off mood further fuels the US dollar's haven demand across the board.
GBP - BULLISH
1️⃣ UK Chancellor Rishi Sunak unveiled the government's plan aiming to support the economy and protect jobs over the next six months.
2️⃣ EU's chief Brexit negotiator, Michel Barnier in London for informal talks until Friday.
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TECHNICAL
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- We looking to short EURGBP on SBR level on H1 chart.
- EURGBP in bearish zone.
EUR/GBP SELL SIGNALHey tradomaniacs,
welcome to new free trade-setup.
EUR/GBP: Daytrade-Execution
Sell-Limit: 0,91675
Stop-Loss: 0,92100
Target 1: 0,91230
Target 2: 0,90990
Target 3: 0,90700
Target for One-Target-Trader: 0,90990
Stop-Loss: 43 pips
Risk: 0,5% - 1%
Risk-Reward: 2,26
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Short Position on EURGBP 4H Hello Traders!
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🚀SELL Execution according to the market.
------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
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EURGBP Weaker Top Forming...Could Fall from here!!!Previously, we managed to get a nice short opportunity with a perfect TP level as shown in the chart. I will be seeing a high possibility lower head forming as we start to see the BULLISH movement slowing down, which could signals that there is no BULLISH continuation. Instead, this lower top could signal a strong BEARISH movement as it will look to break the support zone (red area) where a rejection occurs. If so, I will see a possible consolidation between the support level that could possibly be broken (red area) and the next support level (green level). As of now, I see a high possibility of a break at this current support zone.
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EUR/GBP Short SELLEURGBP on the 4h chart couldnt make new highs.
Market created the spike over the minor resistance structure and turn for the break of the flag formation.
IF the market will break and close below the structure we can set a nice short order.
