Eurgbpshort
EURGBP Sell SetupEURGBP Sell Setup
- sell setup at daily MT
- targeting towards level 0.84700 again for the weekly low
- a bit risky trade if GBP is currently total reversal then it will go further up to break the double top above
- but analysis bias should break level 0.84700 unless it drag for another week for another finishing of up move
EURGBP SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity EURGBP .
I still did my best and this is the most likely count for me at the moment.
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EUR/GBP Near Very Important Res Area Let`s Take A Short Trade The Price Made A Lowe High And Lower Low And Respect Our 4H Trend Line Very Much And Now The Price After Touched The Trend Lind For 2 Times Very Near To Major Level Of Res 0.86000 And Also It`s The Same Point For Third Touch For Down Trend Line So We Will Waiting The Price To Can Take A Sell Trade To Make A New Lower High And Lower Low..
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
EURGBP - BEARISH BIASEUR - BEARISH
1️⃣ Investors fear that rising COVID-19 cases across Europe and the ongoing restrictive measures and vaccine delays could further hurt economic recovery.
2️⃣ EU leaders insisted during its March summit on the need to urgently accelerate the vaccination campaigns and agreed to keep restrictions in place for the time being, including on non-essential travel.
GBP - BULLISH
1️⃣ Boosted by hopes for an economic recovery after Prime Minister Boris Johnson announced on Monday a new mass testing programme, aiming to help health officials to track the pandemic as the country slowly reopens from a strict four-month lockdown.
2️⃣ The UK's rapid vaccine rollout continued, with more than 31 million people in the country having already received at least one dose of a coronavirus vaccine. PM Johnson is also expected to confirm that all retail, outdoor hospitality and hairdressers can reopen on April 12th in England.
3️⃣ UK PM Johnson confirms COVID restrictions will ease on 12th April 2021.
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TECHNICAL
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We're shorting this pair on SBR level + SMA50 area + fibonacci retracement 50-61.8% level on H1 chart.
SHORT POSITIONTECHNICAL FORECAST FOR EUR/GBP: BEARISH
EUR/GBP DAILY PRICE CHART
EUR/GBP ATTEMPTS TO SET FOOTING AFTER TUMULTUOUS SELL-OFF
The normally sleepy pair of EUR/GBP has been abnormally active so far in early 2021 trade, driven by a growing divide between the UK and Europe around vaccine progress. The pair did finally start to probe some support a few weeks ago that’s since helped to hold the lows, and this plots around the 78.6% Fibonacci retracement of last year’s major move.
But sellers have remained very persistent, and this opens up a couple of interesting possibilities given that support is still, as of this writing, in place. First, traders can approach the setup with breakout potential in mind, looking for a breach of Fibonacci support to lead into a possibly new bearish trend. Or, alternatively, a pullback to find resistance around a prior area of support could re-open the door for bearish trend strategies. This could be sought around the 61.8% Fibonacci retracement of that same major move that had helped to set support in early-February.
This can keep the focus for the pair on the bearish side, looking for the British Pound to continue to outperform the Euro.
We are looking at sell position for a target @ £(0.83011) with our stoploss above £(0.8838) Fibonacci Retracement
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EUR/GBP Broke The Support And Now We Might Have A New EntryThis 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 SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
EUR/GBP: Daytrade-Execution
Market-Sell-Order: 0.85330
Stop-Loss: 0.85700
Point of Risk-Reduction: 0.85070
Take-Profit: 0.84100
Stop-Loss: 34 pips
Risk: 0,5%-1%
Risk-Reward: 3,60
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Peace and good trades
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EUR/GBP IDEAHello traders,
We have very good opportunity to look carefully to this currency pair.
We have:
+ Monthly candle going down
+ Weekly candle going down
+ Daily closing support zone
+ Minimal stop loss for idea
+ Bearish crowd
What we can do? - Wait for daily candle closure.
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EURGBP - Fix It Felix
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EUR/GBP Finally Close Below Support , 150 Pips 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
EURGBP SELL | Going DownHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity EURGBP .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
EURGBP - Shooting star rejection of a levelEURGBP has accelerated today off the back of a stronger euro and a weak pound. Price is now overextended above the upper BB band and has given us this shooting star before closing back just above the 0.236 level.
I would like a better R:R than this current setup, but the 4 touch resistance is likely to act as strong support.
See entry and exits on the chart. Stop above the high, exit at nearest support.
Happy trading:) follow for more
EUR/GBP Short Updatedshort opportunity on the 4H for the EUR/GRBP pair, possible 100+ pips.
Broken triangle suggests a likely continued descent downwards.
respecting fibonacci levels and support lines
broke structure and went past previous diagonal trend line
still showing signs of a continued downtrend,
as price respects second diagonal trendline
EURGBP facing bearish pressure | 19 Mar 2021EURGBP is facing bearish pressure from 1st resistance which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push towards 1st support which coincides with -27.2% Fibonacci retracement and 127.2% Fibonacci extension . If prices break through 1st resistance, prices might push up towards 2nd resistance which coincides with 78.6% Fibonacci retracement and 78.6% Fibonacci extension . Ichimoku cloud is also above prices, showing a further bearish pressure for prices.