Eurgbpshort
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
EURGBP W4 Apr 2021EURGBP
Short Setup
👉🏻 After a week's rise between zones marked here, from 0.84800 -> 0.87000, price has formed a significant double top at the resistance zone. Elliot Wave Theory wise marks the end of an impulse wave and is forming a corrective wave of a possible ABC, with a 3-5-3 movement. Invalidation may be placed above the double top
eurgbp outlook for today/ next week on this pair you can see we are sitting on a lvl of structure @ 0.86725 however we are not making any progression away form it, this to me creates a liquidity pool below market because the more time price rejects the more people are inclined to buy this lvl as its deemed "strong" , this end up with lots of stops below a "strong" lvl.
now as we know the market is gravitated towards liquidity so in my opinion there is a high probability the market is going to drop below taking any stops out and making sell side liquidity (when you have a buy order in the market and your stop loss is hit you are selling back into the market at a disadvantageous price and you pay the cost of the difference)
now back to the trade idea haha, I am looking to get a break below structure and a retest to go short alongside liquidity, we also have an untested lvl with fib and ema and atr confluence below market @ 0.86427 I will be looking to buy this lvl after I close my short out
EURGBP Sell Trade Opportunity (MY View)EURGBP Looking For A Slight Halt iN tREND dIRECTION... SL Slightly Above The Highest Point.. TP Indicated ON Chart Or Slightly lOwer as well.
EURGBP Sell SetupEURGBP Sell Setup
- look for sell setup with 12 pips tight SL
- first target to break previous low
- then aim for total weekly low at 0.84700 or below
** EURGBP ** short trade currently openEvening all, some great results from this weeks forward testing of the strategy.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
