Next Tp 0.85200 I see Strong GBP next week plus keep rejecting major support plus the 200 ma and i see its going to reach 0.85200 as TP1 due Fib retract too
Eurgbpshort
EURGBP Sell SetupEURGBP Sell Setup
- look for short term sell setup
- targeting previous low towards 0.85750
EURGBP Sell SetupEURGBP Sell Setup
- Look for short term sell setup
- Tight SL
- targeting the previous structure low
EURGBP Sell SetupEURGBP Sell Setup
- look small short term sell setup
- wait for pullback for better entry
- targeting the previous low for conservative TP
- aim for Asian low for further target
the complete analysis for eur gbp - fibonacci extension tool
i will show you the complete multi time frameanalysis for eurgbp.
monthly, weekly and daily analysis for for getting the best chances and the lowest risk
#eurgbp #eurgbpanalysis #eurgbp_signal
EURGBP Sell SetupEURGBP Sell Setup
- look for sell during London session for trend continuos as there's still room for EURGBP to go down
- targeting to break structure low
- then aim for deeper range at level 0.85700 and below
EURGBP Sell Analysis Hey traders, here is the analysis for the EURGBP. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EURGBP Sell SetupEURGBP Sell Setup
- look for sell at range level 0.86100 for trend continuos as there's still room for EURGBP to go down deeper
- targeting structure low to range level 0.85800
- then aim for deeper range at level 0.85700 and below
What are the odds that EURGBP will fall from here?Well, the odds are in favour and that's why I'm opening a short here. stop will be 0.872x range.
EURGBP Swing Analysis! Sell!#EURGBP is retesting a strong resistance again
But looking to the left of the chart, one can see that the level is strong
And also that the pair might be forming a bear wedge pattern
Which makes me bearish overall
And I think that If we see the wedge breakout to the downside
The pair might sink to the the previous lows
Sell!
EURGBP BEARISH CYPHER
WAITING FOR TRADE TO TRIGGER AT THE %78.6 LEVEL OF THE X to C LEG. TP1 = %38.2 OF C to D TP2= %78.6 OF C to D (TARGETS WILL MOVE HIGHER IF D PUSHES ABOVE ENTRY STOPLOSS= 1.13% OF A to X STOPLOSS MOVES TO BREAKEVEN ONCE TP1 IS HIT AND HALF THE POSITION IS REMOVED
EURGBP - Sell to the targetHigh chances for the Price to come to the 0.618 indicated
SELL for the target.
can even go further than that
EURGBP Sell SetupEURGBP Sell Setup
- look for sell for trend continuos after GBP news event
- targeting range level 0.86200
- then aim for previous weeks low at range level 0.86000 or below 0.85800
EURGBP - BEARISH BIAS=====
MARKET OUTLOOK
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EUR - BEARISH
1️⃣ Last week, GDP figures showed the Eurozone entered a double-dip recession in the first quarter, with Germany, Italy and Spain falling back into contraction territory and France returning to growth.
2️⃣ Most of euro area still in lockdown.
3️⃣ Downward revisions to EZ PMIs
GBP - BULLISH
1️⃣ Bank of England expected to raise their economic projections.
2️⃣ UK in the process of ending restrictions with goal of ending them in June.
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TECHNICAL
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- We're looking to short this pair on SMA50 area + SBR level on H1 chart with 20 pips stop loss.
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RISK TO THIS TRADE
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- If BoE sound dovish, this trade will hit stop loss.
EURGBP Sell SetupEURGBP Sell Setup
- look sell setup above the current structure
- track the price action to refine entry level for better risk reward
- first target at range level 0.86500
- then aim for previous weeks low at range level 0.86000 or below 0.85800
Short on EURGBP.Pice has bounced off a 4hr bearish O.B + reached for Sunday's Open price, closing below it...price going for the sell side liquidity.
EURGBP Sell SetupEURGBP Sell Setup
- sell setup
- first target to break previous low
- then aim for total weekly low at range level 0.86700 or below 0.86600
