EUR/GBP Short predictionlooks like EUR/GBP is on a downtrend, likely to continue over extended period of time
looks to be fitting into descending triangle
Eurgbpshort
EURGBP- wait for a retest then go shortDon't forget to hit like and leave comment down below! 👍
Hello traders!
Here are my thoughts on EUR/GBP.
AS we can see price has been downtrending for quite of time creating LL and LH. Now price has broke through daily support, which means that I will be looking for sells once I see that previous support ( now resistance) was re-tested.
📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if conditions were met.
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Have a wonderful and profitable day! ❤️
- ProfitalzTrading
EURGBP MELTINGEURGBP is melting like an ice cream on a warm summers day. Second time this week we have taken advantage of the bears on EURGBP. We entered earlier this morning with an entry of 0.86745 and we are currently sitting comfortably in profit. We are going to patiently sit on this pair to hopefully see price reach our Take profit Zone at 0.86089.
EUR/GBP Wait For RetraceThis hit my TP yesterday, I now want to see this retrace so we can enter another short. When viewing on the weekly and daily timeframes you will see this has been on a big drop without a retrace and we are now at a support level. This is why I feel it is a good time to secure profits and wait for a better position to short again that will take us past the support.
I want to see this retrace to at least 0.382 Fibonacci and providing the indicators confirm and price rejects from here we can enter shorts to a target of 0.85959. My ultimate target is 0.83139 which is the bottom of a range this has been in since 2016.
EUR/GBP BUY H2EUR/GBP BUY H2
The price touched the support line at 0.8762. This is one of the strong support line. I expect the price to bounce off this line.
Ready for Buy
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EURGBP Sell (MY View)Looking For a Sell Position EURGBP. Banking on Bearish Trend To Continue Till With This Pair
Fibs For TP 1$2
EURGBP possibile shortHi Traders,
This is our view on this cross for the next few days.
#EURGBP
SELL 0.88148
SL 0.88460
TP 0.87548
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
EURGBP: Descending Trend Still RemainsLooking at ichi cloud, we are able to see that the downtrend movement currently is strong. We have yet to see any form of a trend reversal for EURGBP. For now, I am an eyeing on a supply zone which I have identified. We should be expecting a clean rejection off that level before a BEARISH continuation. There is 2 potential level for TP: 0.8727 support level and 0.8642 support level. Having said that, I am seeing a strong support level at 0.8727 thus only hold your trades if we managed to see a clean breakout.
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EURGBP short trade ideaPlan: wait for the price retracement --> SELL (do your own research!)
**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 the comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EURGBP SHORTbroke out of correction, retest at previous resistnace. multiple pin bars formed. Sell limit at pin bar OR wait for big bearish candle formed at 1hr. TP1 at previous swing low, TP 2 at daily support
EURGBP - Intra Day TradeThe overall bias on this pair is bearish, however, I will be looking to fade a trade back into the key previous structure before I attempt to sell it off long term.
EURGBP sellPrice has broken out of support (yellow box) and has completed its retracement to the 0.05 of the fib, now we can go for shorting with a very good probability and good risk to reward ratio.
EURGBP short (3 confirmations!)Perfect sell based on:
- .618 Fibonacci level
- Trendline HH and HL
- Bearish Flag (breakout = entry)
TP based on Daily S/R
EURGBP - Bearish TrapsThere is no denying that this pair is creating stepping down structure, however, It is likely that selling traps will be in place.
I assume many would be selling from the break and re-test of the most recent structure, I will be waiting to get involved in sells from the order block just above it.
EURGBP SHORT PRICE ACTION FORECAST The euro has been playing on the bearish foot the whole week. While under seller pressure, the pair EURGBP shows some pullback conditions towards the broken level close to the descendent trendline to continues its bearish movement. Potential risk-reward ratio 1:5
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EURGBP - sell zone Price broke down key daily level 0.88 + D1 close under that key level
That's a signal for continue of Down move.
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EURGBP SELLPrice has hit a double top on the 15 min time frame. Tried multiple times to break the resistance on the 5 min timeframe, but failed to do so.
General trend is a downtrend on the 4hr and daily.
We'll see how this churns out.
DO NOT MISS THIS OPPERTUNITY - EURGBPFrom first glace at this chart you can see we are in a descending market.
Using the basic Support & Resistance Levels, you can see we are testing a strong level of resistance. In addition to this you can see price wasn't able to break the downtrend and therefore, I do not see any indication of a reversal.
The Stochastic Indicator is also sitting at 55, showing the market has been Bullish and we should see a sell off.
Lastly, I have not yet seen a cross over of the 50 & 100 day moving average. If you have been a member of our team for a while, you will understand how important this cross over is!
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💥EURGBP - Sell now valid 💥A simple lesson on probability.
Go and grab a coin and toss it a few times.
Although you have a 50% win rate for heads, you will still get a consecutive run of tails right?
In fact, with a 50% win rate, its probable you could see 4-5 consecutive tails.
Unlikely, but still POSSIBLE - there could be a chance of seeing 7.
That's why we now plan for this.
HOW?
We have a probability calculator that enables us to plan for these losing runs.
How cool is that?
Once you have planned for losing runs, you don't get worried.
Simple.
Anyway, another sell valid on EG as shown.
Entry price was 0.88019
SL 0.88181
TP 0.87808
Winning and losing runs come and go.
That's also why hopping on random trade ideas on here, isn't recommended at all if you are trying to find consistency.
Your just gambling otherwise on random ideas. You might get luck - but you're just getting random rewards.
Take care.
D
