Eurgbpshort
EURGBPHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURGBP chance for a sell
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys
going back downEURGBP got rejected just below the daily 50MA and fell slightly below 4H 100MA.
consider previously failed breakout on 08 July, which it fell back within the downtrend channel, I expect EUR will go down and maybe reaching to the edge of the channel's lower end once again before another attempt.
TP: I will start trailing from 0.85527, anything go lower than 0.853 is a luxury to enjoy. EU flood is bad enough, UK Covid suffering is no good either.
SL: slightly above daily 50MA, can be safer to move to 100MA although I don't see the necessity.
Note: I have entered last Friday at 0.8578, if you missed, you may enter a few pips below each TP line but risk will be much higher.
EURGBP ANALYSISEURGBP has been in a sluggish downtrend for weeks.
Yet slow and staggering, price continued to move below levels and create lower lows and lower highs.
Now, price has broken below a key level of support and has come back to retest it.
If price rejects this area, then there is no stopping of this downtrend.
EURGBP facing bearish pressure, potential for further downside!Price is facing bearish pressure as it continues to hold below the descending trendline, moving average and Ichimoku cloud resistances. We could see a reversal at 1st resistance, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension, descending trendline resistance and horizontal pullback resistance, and further downside towards 1st support, in line with -27.2% Fibonacci retracement and 78.6% Fibonacci extension.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
EUR/GBP Trying To Close Below Our Res And Short Setup HereThis 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 Full Analysis And 2 Short Setups Available To CATCH ! This 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
EURGBP approaching resistance, potential reversal!Price is approaching 1st resistance, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal overlap resistance, where we could see a reversal and further drop towards 1st support, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing low support. Price is also holding below moving average and descending trendline resistances, showing signs of bearish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP short now in progress After a successful long earlier today our script says it's now time for a short.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren.
EURGBP | SHORT | Areas of InterestDaily Trend: SELL
LP Sentiment: -30%
Looking for a pull back into the Sell-side imbalance area for a continuation back into the downward trend.
Focus on seeing this setup happen in the London Session.
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Happy Trading
Mr Ionic i "