EURGBP SHORT - RETRACEMENT NEEDED!Waiting for price to breakout of consolidation and retrace into 0.88651 to short EURGBP back
to 4H swing lows at 0.87285
If you agree drop a like and if you have any questions leave a comment :)
Eurgbpshort
EURGBP - SHORT - BEARISHStill on a bearish bias although my SL was hit in my previous order.
If the pair breaks below 0.879, a bearish breakout is likely, followed by a small correction and continued downward momentum to the next major support level.
Will be looking at short positions for this pair for the following reasons.
It has approaching a point of Major resistance in the ranging pattern looking back 3 months.
This is a long-term short swing for me looking forward at least 2-3 months.
Looking to catch a short trade of the rejection from the resistance zone .
I would need to zoom in to get a better entry point, once price rejects from the resistance zone .
Of course this is purely a technical approach.
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management
EURGBP flag breakA flag break with a downside trend and strength for the pound
TP 0.87400
SL 0.88620
EURGBP H1Here is my view for EURGBP on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURGBP will fallhello friends.
the price reached to a strong resistance level, and if price managed to hold below 0.88440 and didn't break 0.88650 then its a good position to go short with good risk/reward.
EURGBP 1HEURGBP 1H Falling Wedge Reversal Pattern so we placed the sellstop at the previous HL with sl at previous HH.
EURGBP - Short active ✅Hello traders!
‼️ This is my perspective of GBPAUD .
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish order block. We have 2 imbalances lower that have to be filled, so I am targeting those zones.
Fundamental analysis: Tomorrow we have news event on GBP, the release of yearly CPI, the result of this news could invalidate my analysis. As well on Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action.
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#Short EURGBPShort position taken on the basis of Dow theory and price action at bearish trendline.
Risk/reward ratio = 1:1
EURGBP WEEKLY ANALYSISFX:EURGBP
Currently we can see that this pair is in a downtrend and could still keep pushing down although, I am currently in a short position on this pair, But we could also see price reject that support level and head back up. So lets just see how it goes
EURGBP - Bullish price action ✅Hello traders!
‼️ This is my perspective on EURGBP.
Here I have already opened a long position as price took liquidity below previous daily low and mitigated bullish order block. My target is previous daily high and bearish order block.
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EURGBPEURGBP has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
EURGBP Short IdeaPrice knocking at the resistance area, could potentially see a push down from here
TP1 0.88900
TP2 0.88600
TP3 0.88000
SL @ 0.89500 or according to your equity
EURGBP 02032023 Short IdeaEURGBP Short Idea
The pair has failed third time on daily TFs to break the previous HH and made third HL in a row. The move is rejected from trend line both on Hourly and daily tfs.
EP: 0.88663
SL: 0.89008
TP: 0.88287
RRR: 1.13
EURGBP Short IdeaLiquidity Void Filled.
Price Imbalanced Ended.
Bearish Order Block. Now Wait for Rejection and BOS (Break of Structure) on M30 for Confirmation.
Risk Disclosure:
This is just a Market Overview Based on Current Conditions.
Follow Risk Management.
eurgbpok first of all this is a re-drawn chart from earlier today! instead of a phone (terrible) i used my PC! and look! so, here goes! my chart is self explained I personally go by my own Analysis and judgement on what I see!
first of all the purple lines drawn are S/R on the daily chart! giving me a nice uptrend. second I then use my daily chart for the floor and ceiling. third I drop down to the 4HR to give me a deeper insight on what is happening within my daily chart! 4th I spot a trend happening heading short, which then I created a channel within inside! since the daily has rejected the third time on our trendline, perhaps now we can see it moving back down to the support area!
thank you for reading and good luck everyone on the trading journey!
please provide feedback so I can be a better trader! thank you!
EURGBP ShortHere is a quick and easy short on the EURGBP. This chart shows 1Hour candles inside Weekly candles. The last couple 1HR candles have swept liquidity just above the high of the last Weekly candle and han now closed below the weekly close from 2 weeks ago. These Weekly levels are important and are easy to spot on this chart. This trade is also inline with the bearish trend formed over the last 3 weeks
EURGBP 1 March 2023Trade Plan
Series of LH and LL and then
Entry Near possible Lower High with
formation of Bearish Engulfir
Short Call
Entry Price : 0.88703
Stop Loss : 0.89281
Target 1 : 0.88159
Target 2 : 0.87586
EURGBP SELLWelcome . Euro pair against the pound. in a very negative state. With a head and shoulders pattern. There is a lot of pressure from the sellers to bring the market down. to 87,500 levels in the first stage. And level 87000 good luck. Note: If you liked this analysis, please give your opinion about it. in the comments. I will be glad to exchange ideas Thank you
EurGbp ShortI am looking to short EurGbp from next week as it was retesting the previous strong support/resistance zone and it's now continuing to go short.
The trade will be invalid if it breaks the above resistance, retests it & then continues to go up.
EUR/GBP Running In 50 Pips 0 Drawdown , New Entry Added Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURGBP potential reversal zoneHi;
EURGBP has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
EURGBP SHORT _ 3RD LOWER HIGH FORMING!Waiting for a pullback to retest 0.88658 to short EURGBP back down to 4H lows at 0.87628.
If you agree drop a like and if you have any questions leave a comment :)
EURGBP POTENTIAL SHORTSTHE previous impulse on EURGBP has seen a corrective triangle following. i will be selling the breakout of the triangle
