EURGBP : Ready to go shortWe expect a downtrend to reach 0.85000 level in next move. So we open a short position
Eurgbpshort
VERTEXCHARTS | EURGBP TRADE IDEAEURGBP on the daily timeframe is falling after meeting the descending channel resistance line.
Look for short opportunities.
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eurgbp buyeurgbp buy :
Reasons :
1)nice pattern trend as you you can see
2)naked candle appeared below
3)can take 2 trades of buy and once it reaches the buy level can take sell too
take profit : green line
stop loss : red line
EURGBP SHORT BULLISHHello traders, I hope everyone has a nice trading week. We are in 2 bullish flag patterns at the moment and sitting on the clear demand zone. It's possible to jump on this area.
Possible drop upto 0.70000A break below multiple times support 0.84000 could see a massive drop through 0.76000 to 0.70000 area.. reversal from that support could push back upto 0.90000.. good luck and save losses
VERTEX | EURGBP CHANNEL ANALYSISEURGBP has tried to break the descending channel, but rather formed a fakeout because prices quickly sold out and returned to the channel,
I think that the currency pair will not be able to renew its top and the price will fall even lower to support 0.847
VERTEX | EURGBP ANALYSISEURGBP has reentered the descending channel again and is set to continue falling to the support line of the channel.
The last candle of the 4Hr TF shows price sellers are in control.
Lookout for Short opportunities.
EURGBP - Breakout TrapBefore breaking out we created a smooth support level for breakout buyers to place their stops at.
This of course got purged before continuing higher.
Now that the majority of liquidity has been taken from this area we should see the next fluid move to the upside.
I want to see how price rejects at this current level, my only concern is the weekly low nearby that may want to be taken out.
I will keep you all updated.
VERTEX | EURGBP ANALYSISEURGBP 4Hr Timeframe has re-entered into the descending channel.
It also came back to retest the resistance line of the descending channel and is now falling.
EURGBP ideaWe have 2 positions here.
A buy signal occurs after the price crosses 0.8612 with the probability is 40%.
A sell signal occurs after the price passes and closes after 0.8567 with the probability is 60%.
EURGBPHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
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
Bearish Divergence EURGBP- Bearish Divergence is apparent on the 1HR and 30M charts.
- Price action is making higher highs while the RSI is making lower highs .
- This is signalling a downturn in the market and a reversal.
Risk to reward ratio 4.11 .
SL: 0.86463
TP: 0.85370
EUR/GBP, time to drop The price is still moving within the boundaries of the range. We are now expecting the price to keep dropping and reach the previous Lower Low.
Happy trading, everyone!
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.
EUR GBP short position Eur GBP is currently are strong resistance area and we can see multiple confirmations
look for bearish confirmations on lower time frames and enter short with your own money management
ALWAYS REMEMBER THAT DISCIPLINE WITH PATIENCE IS THE KEY TO SUCCESS
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 LONG TRADE IDEAEUR/GBP Signal
Market Buy: 0,85500
Stop-Loss: 0,85000
Target 1: 0,86050
Target 2: 0,86820
Stop-Loss: 53 pips
Risk: 0,5%
Risk-Reward: 2,64
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
