Update on EURGBP SELL Triggered :) Just a quick update on my earlier trade idea for today received a SELL signal and have entered the market and will target areas mentioned in previous post
Happy trading
Eurgbpshort
EUR/GBP :: growing , if...EUR/GBP :::
At this moment, it has broken the blue channel,
if it stabilizes in the range and the ceiling of the blue channel is supported, the price will grow well .
UPDATEWhat to Watch: EUR/GBP
This busy trading week is off to a bit of a slow start, so I’m just looking at this simple trend play on the short-term chart of EUR/GBP.
The pair has formed higher lows and higher highs inside a rising channel that’s been holding all month, and it looks like another test of support is due.
Using the handy-dandy Fib retracement tool on the latest rally shows that the 61.8% level lines up with the channel support at .8685 while the 50% level is closer to an area of interest.
EURGBP UPDATE: SELLINGIn that simple EURGBP chart analysis, the price has fallen out of the wedge to the downside, showing that a bearish move is about to start, as the price has failed to make a new high, and it's currently respecting the resistance level in the h1 timeframe. Also, a bearish engulfing candle has formed below the resistance line, showing us the signal to short this market. Entry: market; stop loss: 0.8775: take profit1 0.8737; take profit2: 0.8723
EURGBP BIAS: BEARISHGood morning there. Currently, the EURGBP has broken out of the wedge to the downside. The price is respecting the resistance and an engulfing candle has formed on H1 right now, showing us a cool bearish signal. Watching the analysis in the chart, you will see clearly what is going on in the EURGBP MARKET. YOU CAN TAKE A SELL ORDER NOW. 0.87153 is our profit target area. Your stop should be at t 0.87850. 1:3RR
Big EURGBP Short M15, M30, H1 and H4 is overbought
There is divergence on M15, M30 and H1
There is a pattern on H4
This is against the trend
40 Pip stop los
Possible 300 pip move after confirmation My past EURGBP analysis didn't play out as planned, looking at the daily I see why. The market wasn't ready to go short yet and still isn't. I am going to be waiting for a daily choch to the downside as my confirmation. If I get con formation I will then go to lower timeframes to get a refined entry. For now I'm leaving EURGBP. Also I'll keeping an eye on fundamentals assessing if they align with technical. We have GBP interest rate next week so keep an eye on that.
EURGBP - SELL AT MAJOR WEEKLY RESISTANCEHello traders, check out EURGBP. Currently the pair is at a major weekly resistance and rejected twice and i look forward for a drop as marked on the chart.
Stop few pips above resistance.
Please like, share and comment for more free analaysis
EURGBP - Bearish ideaHi Everyone,
Quick sells in EURGBP.
Market has been showing signs of bearish move and, in my opinion, the price is ready for the next move down.
Thanks
Gaspar_Trader
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
Trading opportunity for short position EURGBPBased on technical factors there is a Short position in :
📊 EURGBP
🔴 Short Now 0.8633
🧯 Stop loss 0.8731
🏹 Target 1 0.8562
🏹 Target 2 0.8452
🏹 Target 3 0.8343
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
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
EURGBP 1D BearishEURGBP looking bearish! Reached near the strong resistance zone and the wicks clearly shows sellers don't want the price to go up
EURGBP SELL OFF!We should create a move down either for just a retracement of maybe a longer term reversal. Still pushing up so I'm looking for a right shoulder move on the 4 hour to confirm price to make a push down. I will update target areas if I take a position!
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
EURGBP H4 SELL >>>>EURGBP has Grabed The Liquidity Above Equal Highs And Getting Strong Rejection From The Supply Zone. So We Are Expecting The Market To Fall From Here
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 Strong resistance not broken POTENTIAL SELLLooks like the resistance has held strong again so I will be looking to enter for a sell position once the 4hr candle closes as a confirmed inverted hammer
EURGBP BIAS: SELLEURGBP is currently at the key level, and nice bearish tailed bar has formed, showing us the reasonnn to short it.
Bias: Sell
