Eurgbpshort
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
EURGBP – Deep pullbacks but bearish overall - the week of 02 MayAs the 200dma shows this pair is bearish in the long term. Deep pullbacks and small gains each time seem to be the trend here.
Scenario 1 - The 200dma could be touched again and provide resistance. If we see price stalling in this region, that could be a good entry location.
Scenario 2 - Right now, price is at another significant level at 0.8380 and arrived with a strong bearish daily candle. It can continue straight through it on Monday and in that case, I will not get a short entry. My preferred scenario is a break below and a retest of 0.8380 and then a retest. I would then take a short with stop above the high of Friday and target the area above 0.8250. This could be a potentially 2R trade.
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Always use sound money and risk management in all your trades.
EUR/GBP
X2 Position
1. Sell: EUR / GBP
sell limit: 0.85915
SL @ 0.86220
TP @ 0.85050
Max Risk: 2%
2. Sell: EUR / GBP
sell limit: 0.86540
SL @ 0.86830
TP @ 0.85610
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
EUR/GBPX2 Position
1. Sell: EUR / GBP
sell limit: 0.84630
SL @ 0.84950
TP @ 0.84050
Max Risk: 2%
2. Sell: EUR / GBP
sell limit: 0.84960
SL @ 0.85320
TP @ 0.84050
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
EURGBP 4 Hours Technical Chart AnalysisHello Traders
My name is Opizzlefx and i have been trading for quite some years and i want to impact traders using my years of experience in the financial market. Kindly follow me for more.
EURGBP 4 Hours Chart Projection showing good opportunity for a SELL. After gathering my information right from the higher timeframe like the WEEKLY Timeframe. Price is constantly making series of Lower Highs and Lower Lows. By going lower to the smaller timeframe i saw a good opportunity for a sell as price is about making the next Impulsive move to the downside..... We shall be making our SELL trade soon when we have good confirmation'
Thanks for reading
Tue 3rd 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