EUR/GBP SHORT TRADE IDEAEUR/GBP Signal
Market Sell: 0.85880
Stop-Loss: 0.86500
Target 1: 0.85100
Target 2: 0.84300
Stop-Loss: 62 pips
Risk: 0,5%
Risk-Reward: 2.55
Eurgbpshort
EURGBP 15m quick scalpQuick scalp on the 15m towards previous volume. EURGBP targeted the previous OB and now has to fill in the IPA.
SMI in the correct oversold area, squeeze momentum is losing it's power.
EURGBP 4h SWING MUST SEE (running) Reached the OB area, targeting the volume on the 4h 0.85150 because the next target is the IPA that has to be taken out.
Entry: 0.85878
SL: 0.86044
TP: 0.85150
EUR/GBP BUY NOW WITH LOW RISK.....
💹EUR/GBP ⏬BUY @ 0.85600
✅TP-1# 0.85838
✅TP-2# 0.86082
⛔️SL 0.85345
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EURGBP Bullish 4 a day Bearish 4 a weekHello everyone, as we all know the market action discounts everything :)
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The EUR/GBP heads higher on the last trading day of the week in the early European trading hours. The EUR/GBP is trading at 0.8564.
The EUR/GBP market has been having a good Bullish movement in the last 2 weeks as we see the price jumping from 0.8447 and hitting the 0.8587 mark.
The Main trend remains Bearish for the long term with no reversals yet.
A Tower bottom candlestick pattern has been seen in the last 4 days, which is usually a reversal pattern so we could be seeing this bullish push come to an end in the next few days.
Different Scenarios for the market :
Scenario 1 :
The market is trading at 0.8587 and could be headed near the first resistance level at 0.8592, If the reversal turns to be true then the Bulls will most likely lose control and the price will drop near the first support line where the Bulls will have a second chance to gain control back over the market but if they fail then we will certainly see the price going even lower and nearly hitting the ranges between 0.8533 and 0.8518.
Scenario 2 :
If the market was able to breakout from the first resistance level at 0.8592 it will give the Bulls the motivation to push the market even further and we most likely will see the market push up hitting the second resistance line at 0.8607 where a battle over control will happen and the outcome will determine the movement for the market for the next period of time.
Technical indicators show :
1) The market is above the 5 10 20 50 MA and EMA (Bullish short-term sign), but still below the 100 200 MA and EMA.
2) The MACD is above the 0 line showing a Bullish state in the market, With a positive crossover between the MACD line and the Signal line.
3) The ADX is at 19.15 and going up, soon it will hit 20 and the market will be trending, With a positive crossover between DI+ (23.40) and DI- (11.88).
Support & Resistance points :
support Resistance
1) 0.8555 1) 0.8592
2) 0.8533 2) 0.8607
3) 0.8518 3) 0.8628
Fundamental point of view :
The shared currency gathers momentum against the pound after the European Central Bank ( ECB) latest minutes of a meeting revealed that there was an extensive debate over the new guidance on interest rates and revisions to align with the board member's hawkish views.
Meanwhile, ECB Vice President Luis de Guindos signaled that the central bank could revise its macroeconomic projections again in September after recent upbeat business activity in Q3.
It is worth noting that S&P 500 Futures were trading down at 4,470 with 0.58% losses.
On the other hand, the British pound remained under pressure as the Brexit chaos continue to linger on the economy. A monthly reading of private-sector economic growth weakened to a six-month low as supply constraints dampened service and manufacturing sector recovery.
As for now, the market dynamics continue to influence the pair’s performance in the near future. According to Fxstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading
possible down movementEURGBP has been overall rallied in the past few days and reached to it's peak after touching weekly 20MA on 23rd.
SL: above 0.8595
TP: fib based, 0.85678 is a nice TP point already when it reaches.
GL
EURGBP short running nicely 😎Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
Previous two trades shown on chart also.
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The stats for this pair are shown below too.
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Darren.
EURGBP LongPrice broke out of the descending channel last week and looks to be re-testing today. We expect to see a reversal around 0.85010 if we see a strong break below 0.85610. If price follows our prediction, our target will be 0.8313.
EURGBP SHORTIf the market manages to close above the resistance(red) we can look for entries around the 618 retracement especially around the resistance created at 0.85800, on a big retracement level and a big resistance we can expect market to rally and start selling this pair and go down 100 pips to complete the retracement.
EUR/GBP SHORT TRADE IDEAEUR/GBP Signal
Market Sell: 0,85300
Stop-Loss: 0,85800
Target 1: 0,84800
Target 2: 0,84300
Stop-Loss: 56 pips
Risk: 0,5%
Risk-Reward: 2
EURGBP TO CONTINUE SELLS?With the continuous lower highs and lower lows forming, we should expect sells to continue on this pair.
We're keen as to what price will continue to do at this level.
We already see rejections at the level, and we're looking to pick up entries on the lower timeframes.
We're moving with the trend. It's the best we can do.
Possible sell zoneIf price breaks the 0.85586 high, we could have a possible push to the downside at the 0.85788 - 0.85664 zone
[EURGBP W3 Aug 2021]EURGBP
Short Setup
Continuation trade:
👉🏻 Price is respecting the markups. The break below 0.85000 was the biggest giveaway, further sell off could be anticipated until ~0.83500 area.
EURGBP going short at H1Price tested support zone about 3 times before going bearish.
Price came back and currently at previous support zone (resistance).
EUR/GBP:PRICE ACTION IN BEARISH CHANNEL|SHORT OPPORTUNITY 🔔Hello Everyone, I hope you'll Appreciate our Entry opportunity !
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EUR/GBP New Short Setup Available After Retest For Last SupportThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/GBP SHORT TRADE IDEA. Are you in agreement with me?EUR/GBP is moving in a downtrend. A slight correction to the 0.85250 price and further downward fall is possible. The breakdown of the key resistance line in the price area of 0.85250 can be considered a signal for a trend reversal
going down from hereEURGBP has been supported by Eruo strength and reached close to the upper end of the downtrend channel again, it can either break out, or go back down - for now I believe it probably need to collect more fuels so going back down it is considering the downtrend channel having been well established.
SL: above 0.85536 which is close to the daily 20MA, I set it 0.8569 which is above 4H 200MA
TP: close to lower end of the channel, above previous April low.
GL
Eur/GBP_1h_ShortShort position taken – 1H – From Monday in daily time frame we had LH and price is struggling with the descending komu in daily. In 4H price broke last week level and also a daily S, and today it broke the last low which made last high and pull back so I enter the short position and the TP is the Monthly S.
in: 0.85771
TP: 0.85000
SL: 0.86100
R/R = 1:2.27
EUR/GBP_4H_ShortPrice broke a daily demand zone and also in multi timeframes was bearish.
The Tp is the Monthly support which is a round psychological number too.
A high-risk trade cause it has a wide SL.
R/R = 1:1.17
EURGBP: my multi-time frame analysisHi Traders,
This is my view on this pair for the next days on #EURGBP
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen
