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Eurgbpshort

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
by jedbachen
1
** 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.
Short
by AL-1-
EURGBP - Bearish BiasEUR - BEARISH 1️⃣ Investors remained cautious ahead of the ECB monetary policy meeting due Thursday, with no changes to rates or guidance expected. GBP - BULLISH 1️⃣ Consumer prices are seen rising in the coming months, due to an increase in regulated household energy bills, higher global oil prices and comparisons with prices a year ago when the country was under a strict COVID lockdown. 2️⃣ Britain's unemployment rate fell for a second month in a row to 4.9%. ===== Technical ===== - We are selling the EURGBP at the resistance on the M15 chart. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
2
EUR/GBP Multi-Time Frame analysis (Potential Trade)Hello traders , as you can see I deeply explain the way I see the markets. Make sure to see the entire video because I'm sharing a potential trade idea for the next hours. Let me know if you are more bullish or bearish. I've got many fundamental reasons to continue shorting :EUR Europe continues struggling to immunize its citizens Eurozone bank lending doesn’t point towards an investment recovery yet The gap between German and US bond yields widens Vaccination problems in Europe to weigh on the euro ECB's lack of commitment to longer-term support means fewer funds for the economy The eurozone lags behind the US on three important metrics Political risk in Europe is starting to percolate New quarantine restrictions in Germany muddy the outlook for the recovery Europe to face the same levels of the new covid strain as the UK Rising fragilities among firms, households and sovereigns amid higher debt burdens Germany struggles with the virus The latest lockdown measures have dented the summer optimism ECB to try to break the vicious deflation spiral Also good reasons to BE LONG in GBP: British economic data continue to improve Bank of England see hopeful signs ahead for the UK The UK’s amazing vaccination prowess strengthen the pound Vaccine optimism and shelving of negative rates to drive sterling higher BoE has left its rates unchanged, yet all but closed the door on negative rates BoE's acknowledgment of vaccines helps the pound BoE’s Bailey remains sceptical on negative rates AstraZeneca vaccine approval helps improve outlook for 2021 recovery Business optimism for the 12-month outlook remains upbeat Bailey ready to buy bonds
Short
by AIRFOREXONE_
18
EURGBP short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
1