EURGBP on correction pathConsidering the failure to cross the previous peak and the decrease in momentum in the EURGBP currency, the price will probably enter the corrective phase.
TIME : 4H
SIDE : SELL
BUY 0r SELL ZONE : .864
TAKE PROFIT : 0.86
STOP LOSS : .867
R/R = 1.5
MIDTERM SIGNAL
#FOREX
#EURJBP
Eurgbpshort
EURGBP possibe doube top short for 0.85509th September daily inside bar, while 10th September daily key reversal bar made a new high off the low. supply zone 0.8675. Preliminary support 0.8620 from where price may retrace again upside. need to break 0.8620 for target 0.8550. stop loss 0.8735. target 0.8550.
EurGbp can drop to 0.85 againSince the 0.8350 low made at the beginning of August, EurGbp has a few good with and the pair has risen more than 300 pips in this period.
Last week the pair reached daily resistance in the 0.87 zone and has started to fall.
Yesterday a strong reversal bearish Pin Bar is visible on the daily chart and this can be the signal that a reversal could follow.
I'm bearish as long as yesterday's high is in place and I m looking to sell rallies.
0.85 is my target
EURGBP- 120 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Euro (EUR) / British Pound (GBP) Euro (EUR) / British Pound (GBP) short on 1-month timeframe
This biased is formed on the following basis:
1 Shooting Star at New LH
2 Indication of downward price movement
3 Currently the price is testing the resistance level
4 Downtrend Continuation
5 Formation of new LL
6 Price has retraced up to 0.5 Fib however, it can still go down further up to 0.618 fibs as per chart behavior
EURGBP Short Trade SetupA bearish opportunity recently presented itself on the euro-pound trading chart. This follows from the bearish harami candlestick pattern which printed just below the 0.87500 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 0.83401 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
Rooting for you!
Your FX Plug
FX:EURGBP
Sell EURGBPI’m selling eurgbp from the 50 fib of weekly trend. Pair has already rejected nicely once. This retest should give the liquidity needed for a lower low. As well if you consider the pairs individually gbpusd has hit a floor for now likely to retrace where as EURUSD has a lot more it COULD go down to add cross pair confluence.
EURGBP SHORT 230 PIPS230 PIPS COMING UP THURSDAY 8th SEPTEMBER 2022 12-13:30
No nonsense approach simple clean price action trading all info in picture apart from the strategy (use your own SL according to your OWN risk management)
THIS IS NOT FINANCIAL ADVICE, MY OWN ANALYSIS FOR PERSONAL USE)
FOLLOW SHARE LIKE IF YOU WANT MORE clean ideas
82FX
EURGBP LONG TERM SHORT!!Looking for a right shoulder to form giving a nice opportunity for a long term short position. Look for 4 hr rejection from the sell zone to confirm entry, we may not see the move this week but ill definitely be on the look out as this resistance level to hold strong and create if not a long term position another easy opportunity for a quick move down.
EURGBP Multiple timeframe 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.
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EURGBP- LONG SETUPThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
EURGBP Daily Trading Idea: SnR/SnD/FibMy swing trading setup on EURGBP
At the moment no trades are taken yet as price is moving in the range between the broken supply zone and the resistance.
Waiting for price action to show where the price is going next.
Divergence signals that I look for potential short @ 0.883:
1) RSI: Lower high
2) Awesome Oscillator: Lower High
3) Price action: If candles close with bearish engulfing or any reversal candles (eg: Hanging Man/Shooting Star etc)
EURGBP looking good for sells short term to get ready for buysThis is just a short term pullback for EURGBP. I am anticipating the market to react off of an zone that I have have marked out lower on the 4H but I will share those later on for not this is what I want to see the market do before getting into shorts targeting the 15 min low
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. The reason for NEGATIVE SENTIMENT in EUR is USD SELL. All MARKETS including STOCKS are UP due to MARKET RISK being ON. It affects the EUR in a big way.
- EURGBP can definitely go up to the high RESISTANCE LEVEL. EUR may be slightly WEAK due to USD STRONG at the moment. Accordingly, EURGBP can go up slightly until the 0.8703 LEVEL. And before that EURGBP can SELL to 0.8443 LEVEL. eeurgbp
EURGBP Consolidation in Upper WedgeEURGBP:
Eurgbp is trading in Upper Wedge Correction Pattern Near its Resistance Area.
We Expect a Short Opertunity near Resistance Zone with a stoploss above Resistance Zone Area.
USe Trailing Stoploss.
Always use 2% of your Capital at Risk.
For more information Comment below!