Eurgbpshort
EURGBP SHORTS 📉📉📉Price should retrace lower after rejecting an important bearish orderblock on h4, price filled all bearish imbalances and right now should be magnetize back above bullish imbalances around 0.84000, best case scenario target is around sell stop liquidity 0.83800 where a lot of buyers hold their stops.
What do you think ? Comment below..
EUR / GBP 0.84738 + 0.81% SHORT IDEA * PRICE ACTION & CONTINUATIHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE EUR/GBP .
- In the past week the pair played to the T into the bias of retracing before continuation
- Here's where we where last week.
- now we are currently trading at 61.8 % fib upon close on Friday.
* looking for trend continuation with the bears on this pair.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
EURGBP SHORTGreat short oppotunity for the EG chart on to the next week, price is a bearish market structure on a HTF basis we rejected a bearish orderblock take out the liquidity above the range(buy side liquidity) for a short entry i would like to see a confirmation bearish candle closure on h1 preferably on h4. LETS GO !!
EUR/GBP Sellers territory We prefer sell over buy because price is in sellers territory and down trend. When you check the analysis you can see that daily support level is close and if price breaks it we can target weekly support level. On the other hand if price breaks the no trading zone ( zone between last buyers territory and blue line ) we are looking for buy entry with target at the last HH..
EURGBP SHORT / SELL $MART-MONEYWe broke structure on a Daily timeframe to a downtrend. Currently mitigating toward the sell orders in a 4H timeframe. Price is failing to create Higher Highs. On the 1H we broke structure to the down side and are currently retracing towards our institutional candle.
Confirmations in this trade:
Fib Retracement leveles 78.6% - 88.6% (Red area)
Institutional move / candle
Mitigation
50% of entire push up prior to the drop. (POI)
Higher time-frame structure
Break of structure in 1H
Risk to Reward over 1:3
Setting sell limits and have alert around area for a sniper entry within a 5m/15m Break of structure. Eyes on distribution in that area
EURGBP top-down 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.
EUR/GBP:DOWNTREND| PRICE ACTION| NEW SHORT OPPORTUNITY...Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !