Eurgbpshort
EURGBP sell in progress🤞🙏Morning traders.
We start the day with a EURGBP short trade that has started overnight.
Entry details are shown on the chart.
In slight draw down as we speak but lets see how this plays out.
We're only looking for TP3.
Strategy is slightly above 1:1 RR but coupled to a great win percentage which has equalled nice consistent gains.
The scripts built in strategy tester shows this is the most effective way to trade this pair on H1 time frame.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
EURGBP, Sellers Doesn't Seem To Have Given UpPrice appears to be face struggles to recover from the 2 week low.
While the break from the ascending trendline could help sellers to attack the monthly bottom at around 0.856 price level
Key Factors:
-Price had broken out the ascending trendline with a relatively strong bearish momentum
-Consolidating at two-week low
-Rejections at the previously broken out support ~ current resistance near the 0.382 Fib
Entry Conditions:
-Selling at Resistance Zone near the 0.382 Fib level when further rejections are presented with a more prominent confirmation
-Short Term Buy if price breaks Resistance Zone and 0.5 Fib level with retest and direction confirmation at new support
Potential Targets & Important Levels to Look at:
-Downside movements towards and around 0.856 level
-Cautions at 0.5 Fib level, as a bullish break could change the short term bias
GBP/JPY - Pound Bullish on BoE Rate Hike Expectations
Fundamentals
Key Points:
1. Markets are expecting UK Inflation to overshoot the central banks' 2% target and reach 3.35% in the coming years.
2. UK 10 Year Bond yields have been rising as a result of high inflation expectations.
3. Against countries like Japan, Switzerland & Germany the UK 10 Year Government Bond Yield is more attractive for investors causing money to move into the UK from these countries and the pound has been getting stronger against all three currencies as a result of the UK's Bond Yield rising.
4. The Bank of England said on May 27th that if people are moved off furlough back into work at a faster pace than previously expected, The Bank of England may be forced to withdraw some of its monetary stimulus and potentially raise interest rates as inflation will rise as the demand for goods and services rise from employment and the re-opening of the economy.
5. High levels of employment will boost price pressures at a time when inflation is already expected to be high from supply shortages caused by the pandemic.
6. This scenario means the central bank will be forced to act and withdraw its monetary support to curb inflation by reducing its bond-buying program, causing the price of bonds to decline and pushing up the Yield due to their inverse correlation.
7. A rate hike would also cause UK short-term rates to move into a profitable carry trade against currencies like the Japanese Yen & CHF & EUR.
What To Watch
Employment Data
Rate Hike Expectations
UK Bond Yield’s
Trade Idea’s
EUR/GBP - SELL
GBP/JPY - BUY
GBP/CHF - BUY
Technicals
GBP/JPY - Key Resistance ¥160.00
GBP/CHF - Key Resistance 131.000
EUR/GBP - Key Support €183.500
ATR Volatility
GBP/JPY - 4.76%
GBP/CHF - 4.06%
EUR/GBP - 3.72%
EURGBP sell has presented overnight 📉👍Morning traders.
Our script says it's time for a sell on EURGBP.
Entry details are shown on the chart.
We are only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
EURGBO: very profitable short on 4hHi Traders,
This is my view on this pair for the next few days
#EURGBP
SELL 0.868
SL 0.8711
TP 0.851
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
———————————
Pietro from Trading Kitchen
EUR/GBP: BEARISH TREND and FLAG PATTERN FORMATION - SHORT 🔔Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our page 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 !