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Eurgbpshort

EURGBP SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on EG as price takes out all the buy side liquidity above the old highs after ECB bullish news about a possible rate hike this year. Price takes out weekly stops and quickly reverses with a high bearish momentum that could potentially start the selloff, we have also a lot of bullish imbalances that should be filled and those areas can act as a MAGNET for the price to go down. What do you think about this currency pair ? Comment below..
Short
by AnonimFXRO
2
EURGBP Can She Still Push Down?Hi Purpose Traders: Flow with me a bit while I give you the tea on EURGBP. First, price is in a downtrend. Can you see the lower low and lower highs she is making on the weekly and daily? If yes awesome! If not, take a look at my price note tools. The exchange rates are decreasing at the highest peak lowest peak of each fluctuation. What does this mean for you? I'm so glad you asked! A downtrend means you are the seller. I love teaching traders to trade what they speak and see. The word 'down" in downtrend means price is decreasing. The word decreasing means price is selling. The word selling means you are the seller. See how that came together? For you, you want to sell beneath the last lower high at exchange rate 0.84780. I'm using my estimation zone(my name for my zone based on the low demand of buyers under the lower high). If today's candle closes bearish I am the seller back down to the low at 0.82030. What can stop me from selling? If price passes 0.84780 and it is that simple. Why? I'm glad you asked. If price passes the last lower high that will mean price has reversed and it's time to be the buyer, but I'll only cross that road if price says to do so. So, what do you think? Do you agree? Let's chat about it.
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by ShaquanLopez
6