Trading Pathways Analysis of EURGBP H4 Chart
The outlined white arrow pathway is the predicted pathway that the EURGBP will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURGBP will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
Eurgbpsetup
EUR/GBP: Day-Swingtrade-Opportunity #SELLHey tradomaniacs,
welcome to another free signal!
Important: Wait for the market to show a fakeout above neckline. We want to see a complete retracement before we sell which often breaks through neckline to trigger SL`s.
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Market Sell: 0,84645
Stop-Loss: 0,85190
Target 1: 0,84060
Target 2: 0,83800
Target 3: 0,83500
Stop-Loss: 54.5 pips
Risk: 1%
Risk-Reward: 2,5
Waiting for a fakeout above neck-zone and trendchannel before sell.
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Peace and good trades
Irasor
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When a bull flag breaks to the downside, you know what's coming.It's a short. EU rallied and failed badly at huge resistance. it's highlighted by the blue line at the top. it didn't even touch and failed just below it. I've managed to enter at 0.91652, but one can still enter short positions at 0.9130-0.9135 range. downside will be huge.
Bullish Exhaustion on EUR/GBP? I developed what I believe is a foreseeable resistance and Support Zone on the 4 hr chart. Using proper money management should allow you to with stand any more bullish spikes. I would keep stacking positions if this pair rises in the next 48 hours.
Remember to only risk 2% of your account per trade to make sure you're not completely taken out the game.
EURGBP possible SHORT trade I really like this setup. The price tends to respect quite the trend line. We are now reaching a good level of resistance and 61.8 weekly fibonnaci, however, that impulsive candle is leaving me with doubts. There is not much confirmation to go short in this trade. For now we will wait until we have a confirmation of trend reversal (rejection of that level for an example).
I'm updating this trade as we see movement.