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Eurgbpshort

EURGBP SELL SETUPI am interested in this 15 minute Order Block tucked away in the middle of a 1 hour Order Block. I would wait for confirmation if price reaches the level. Price might rally to clear the PDH and liquidity resting through it in a slanted angle. I don't believe price will drop much further below the Previous Day Low (PDL). If it does, it will be retracing a daily range, which will be a much more significant drop. Too bad I'll be asleep when this happens. I'd be watching it.
Short
by QSInvestments
EUR/GBP rally stalls at key high, German data in focusWe see a technical case for EUR/GBP to top out over the near-term, which could be helped if Germany deliver a soft inflation report today. The baulk of today’s economic data is from Germany, with employment data at 08:55 GMT then inflation at 13:00. UK manufacturing PMI is scheduled for 09:30, then manufacturing PMI data is then released for Canada and the US at 14:30 and 14:45 respectively. EUR/GBP has been rising along with GBP-EUR yield differentials as traders price in a more hawkish ECB in 2023. However, the rally lost steam as it approached the October highs and produced a couple of low liquidity Doji’s below that key level. Momentum has turned lower today so we suspect an interim top has formed and prices are due to pull back towards 0.8800. Also take note that the 20-day EMA is near the monthly pivot point around 0.8760 which makes it a potential target for a deeper pullback.
Short
by CityIndex
2
Selling EURGBP for 100 pips at the start of the year First of all, a very happy new year to all the followers. Hope the pips will be with you in 2023 just like it has been with us in 2022. We ended 8 months with a neat profit of 26.3% despite the market being in turmoil. The main reason for this is because we follow the trend and trade accordingly with tight stop losses. We took a break from posting in the last one month but hope to bring you good ideas in 2023 as well. The first trade is the EURGBP sell. It is at a high and ended quite close to the December 2022 high of 0.8869. We have placed a short based on the harmonic pattern with a 50 pip stop loss and targeting 100 pips. We will have to wait for the market to open up tomorrow to see a good movement here. Good luck!
Short
by JD_TeenTrader
1