Eurgbpsell
UPDATED : EURGBP SELLING OPPORTUNITY Hi Guys,
I have updated Entry and Take profit levels on this trade.
EURGBP Short Analysislow chances for EURGBP to continue up ward direction, Strong resistance formed with price rejecting the level confirming entry.
EUR/GBP Wave Analysis
The counter has kicked off a short-term bear cycle and it is now at its wave 4.
Further, the wave 4 correction could be interpreted as an expanding triangle pattern.
It hit the top of the triangle and is now cooling off which we believe is a new bear cycle in the near-term.
And a head and shoulder pattern has formed as well and hence we expect the pair to be bearish in the near-term.
EURGBP sell on the pullback for 90+ pipsNice and easy setup this. After a decent downtrend we have seen some pullback followed by a nice bearish cande which suggest we should see more downside movement. I have gone short on this and marked the tp and sl for you as well.
Let me know your toughts as well.
Trade safe and good luck.
FURTHER SELLING POTENTIAL ON EURGBP 4HRPrice is currently showing minor bullish momentum in the form of a retracement. We may see price re-test our entry point before advancing lower to our target levels. Entry, Stop loss and take profit levels have been marked.
Should price move in our favour, you should be looking to scale out the majority of your position at TP1 , move the stop loss of your remaining position into profit and let it run. Or close completely at TP1
EURGBP and SELL AREAI expect that the price will grow up till our SELL AREA.
SL at 0.90025
TP at 0.88780
How about SELL NOW..?
I don't recommend it.
Have a safe trade, bro..!
'Negeri di Atas Awan'
EURGBP CONTINUATION SELLLooking for potential continuation sell on this pair.
Price broke thru the inner trendline and is currently in the 38.2% fib zone for the move down.
If price respects this level, I anticipate a roughly 178 pip move to the down side to complete the entire move.
Price could potentially go back to .862XX area. Will hold and trail SL if we make the move to the downside.
EURGBP SELLI believe price is currently in a down retracement and has some ways to travel before going back into the buy trend.
While waiting on price to reach the level for a buy, I am looking to sell.
I am looking for price to break 1 hour support and retest before entering into a sell.
ERUGBP - 2 Day Play - Famous Setup The Two Day Play or The Famous Setup
Suppose Market Stays like this
Sideways within a tight range
Then at Frankfurt Open
We will have what we call the 2 Day Play
or The Famous Setup
For further explanation of this Setup check the link in description.
EURGBP - SWING - 01. JUNE. 2020Welcome to our weekly trade setup ( EURGBP )!
-
1 HOUR
Bearish market open and price action below main sr zone.
4 HOUR
Bullish waving market structure took out previous highs.
DAILY
Strong reaction after overpricing and taking out short holders.
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FOREX SWING
SELL EURGBP
ENTRY LEVEL @ 0.89860
SL @ 0.90450
TP @ 0.89010
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURGBP is approaching SELL AREA and a WEAK RESISTANCEEURGBP is approaching SELL AREA
D1: We can see that the price is entering the resistance area, but this is WEAK RESISTANCE.
Buying or Selling Now in this area is not recommended, because the price is likely to go up or down, means that we do not have a high probability to get profit.
I prefer to wait until the price entered the selling area.
SL: 0.91080
TP 1: 0.89650
TP 2: 0.88750
Have a safe trade, bro...
Bismillah..
EUR/GBP, idea for a short tradeEUR/GBP closed below the key level on Friday, which for me is a bearish sign. I remain bearish on this pair until we are below the area on daily closing basis
EUR/GBP, price should hit the key levelEUR/GBP is very bearish and I think we will stay in this scenario until key level is hit.
EURGBP BEARISH22 pips sl
276 pips tp
(1-3% risk management maximum)
Please leave a follow and like if you useful and I will keep posting for you guys!
#EURGBP SHORT..#EURGBP has reached a strong resistance, it is likely that the price will go down.. After retracement to support line, long setup can be evaluated.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
Which way for EUR/GBP - can it break the channel?Since early April EUR/GBP has been stuck in a 200 pip channel. Currently price is pushing the upper line of the channel and this week we saw WR1 pivot taken out and price reaching WR2. RSI readings on all time frames are over 60 other than D1 (58) and M15 is reading 70. The Daily R1 pivot is at .8873 which is 10 pips from where we are now. GBP is generally BEARISH but EUR is drifting sideways rather than pushing higher.
Difficult to call the direction on where we might be headed next. German Prelim. GDP hit target so no clues there. So far the channal is holding but I suspect we could be headed lower from these levels for a retest of the bottom channel. I'm looking for SHORT trades only as there seems little mileage in LONG trades. A shift in sentiment favouring the GBP could see a nice SHORT trade - lets wait and see.
EUR/GBP, expect Retracement from the Key LevelNice trading opportunity for sell entry. 0.88140 Level should be hit as previous support now turned resistance before further up-price.
EURGBP ON RESISTANCE LINEHello Traders
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EURGBP IS CURRENTLY ON RESISTANCE LINE
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The information given is not Financial Advice.
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