Eurgbpsell
EURGBP-SEL strategyNo change in view.
The stochastic RSI is high and suggesting it will turn and this was the case since 0.8465-70 area. The strategy is still the same SELL current or already short, and place stop-loss above 0.8535 for now. We could add slightly @ 0.8495-0.8500.
Profit target somewhere 0.8367 for now.
EURGBP-SELL strategyI will abort the BUY strategy @ 0.8470 and take small loss on it at current 0.8464. This is also my entry SELL.
The stochastic is negative again, even we are at a low level, but think we may re-test 0.8400-0.8370. The parallel channel is a continuation pattern and this suggest we see lower first. For now as stated SELL @ 0.8464 and take profit @ 0.8370 or lower. Stop-loss @ 0.8537.
EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURGBPThe euro is approaching a very important region on the longer-term charts as far as support is concerned. The 0.82 level being tested is a big deal, and if we were to break down below that level, the bottom will follow out of this pair. More likely than not, we will get a short-term bounce, but I would be a seller of that move because without a doubt the euro is one of the weakest currencies that we currently deal with. If we do get that breakdown, it will become a longer-term position.
EURGBP LONGS📉📉📉📉 Expecting bullish price action on EG as price takes out weekly lows liquidity and closing bullish above. We had a strong bearish movement without correction and i expect the price to retrace in the upcoming days, a lot of bearish imbalances were formed around 0.84200 / 0.84700 price area.
What do you think ? Comment below..
EURGBP SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on EG as price takes out all the buy side liquidity above the old highs after ECB bullish news about a possible rate hike this year. Price takes out weekly stops and quickly reverses with a high bearish momentum that could potentially start the selloff, we have also a lot of bullish imbalances that should be filled and those areas can act as a MAGNET for the price to go down.
What do you think about this currency pair ? Comment below..
EURGBP SHORTS 📉📉📉📉 Expecting bearish price action on this pair as we are in a bearish market structure on a HTF premise, price takes out the last point of liquidity above the old high and institutional figure 0.84500. I think we have CLEAN AREA for the selloff, my targets are going to the IMBALANCE area somewhere around 0.83500 / 0.82500.
What do you think ? Comment below..
EURGBP Can She Still Push Down?Hi Purpose Traders: Flow with me a bit while I give you the tea on EURGBP.
First, price is in a downtrend. Can you see the lower low and lower highs she is making on the weekly and daily? If yes awesome! If not, take a look at my price note tools. The exchange rates are decreasing at the highest peak lowest peak of each fluctuation.
What does this mean for you? I'm so glad you asked! A downtrend means you are the seller. I love teaching traders to trade what they speak and see. The word 'down" in downtrend means price is decreasing. The word decreasing means price is selling. The word selling means you are the seller. See how that came together?
For you, you want to sell beneath the last lower high at exchange rate 0.84780. I'm using my estimation zone(my name for my zone based on the low demand of buyers under the lower high). If today's candle closes bearish I am the seller back down to the low at 0.82030.
What can stop me from selling? If price passes 0.84780 and it is that simple. Why? I'm glad you asked. If price passes the last lower high that will mean price has reversed and it's time to be the buyer, but I'll only cross that road if price says to do so.
So, what do you think? Do you agree? Let's chat about it.
EURGBP SHORT UPDATED 11TH MARCH 2022I notice a very valid supply just below the previous one I sent out to the community and the price is reacting to it nicely its still okay to enter though its no longer gonna be sniper but good risk management will help as we look to see the price fall and clear the previous low.