Eurgbpshort
EURGBP: Head & Shoulders Trap 🚨Don't trade the head and shoulders pattern the retail way, trade it the smart money way.
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If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance.
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When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of demand to buy from.
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If you locate the correct demand, you can buy into seller stop losses and profit both ways.
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This is a great example of manipulation 👁
I will be joining buyers at the next demand.
possible shortThis is a quick scalp to day trade setup.
there's a hidden weekly trend line (purple) and daily (green) convergence right at current price.
Considering EG overbought on most time frames, risky however worth a short with small lot size.
No detailed analysis given as it's a quick scalp
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Disclaimer: Chart is static market is not. I learn from losses and mistakes just like everyone else. No financial advise is given here. Your money, your own risk. :) And Good luck.
EURGBP H4 SELL >>>>EURGBP Has Created A Huge Liquidity Pool Which the Market Should Needs to Grab. Above This Liquidity Pool there is A Strong H4 ORDER BLOCK AREA From Where we would see A Strong Selling Pressure . There is also Liquidity Under 3 Equal Lows so That's Why There are Many Confluences For This Sell Trade
Jamie Gun2Head - Selling EURGBPTrade Idea: Selling EURGBP
Reasoning: At a previous resistance level - just needs to hold until 9:00pm!!
Entry Level: 0.8581
Take Profit Level: 0.8494
Stop Loss: 0.8602
Risk/Reward: 4.41:1
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EURGBP Short PositionAccording to my strategy EURGBP will encounter 2 following scenarios:
1ST:
Sell: 0.858
Tp1: 0.8385
Tp2: 0.82
Tp3: 0.809
Tp4: 0.79
SL: 0.874
R/R: 4.2
2ND:
Sell limit: 0.867
Tp1: 0.8385
Tp2: 0.82
Tp3: 0.809
Tp4: 0.79
SL: 0.874
R/R: 12.5
You Can make profitable trades only if you be careful about your MONEY MANAGEMENT Strategy
Patience is the key of making money.
EURGBP - Elliott Wave forecast45 angle describes the corrective nature of the pattern.EURGBP has started forming impulsive wave C's sub-wave 3.
It has broken down the correction channel of wave B.
If EURGBP breaks down low of wave X at 0.84819 , then the price will complete its impulse wave C. It is also a support level of 200 EMA. Or it will start marching upward.
Targets: 0.84500 - 0.84421 - 0.84340 and more.
Thank you!
@Money_Dictators
Fri 13th May 2022 EUR/GBP Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/GBP Sell. Enjoy the day all. Cheers. Jim