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.
Eurgbpshort
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
EURGBP ANALYSISEUR/GBP remains within this downwards trend channel, its bearish bias remains in place.
EURGBP Breaking TLTL A break out and retest confirmed for the firs time in the trend
TL B is likely to breakout and fall to TP1, hopefully.
what is your take???
EURGBP Short opportunity4hr Chart & 1 Hr Chart Down Trendlines, "Bounces"
Look into 15min chart for entry.
Note: Pulling profit at your own determination. Don't make a profitable trade into losses.
EURGBP, Strong support becomes Strong Resistance, ShortEURGBP, Breakout Strong Support and already retested.. Price Action tells further below!
EURGBP DailyEURGBP Daily chart looks set for downside. on the 1h chart h&s neckline has been broken, traders could look for good day trade setups or swing setups on the pair atm
EUR/GBP Is Breaking through SupportThis is breaking through a big weekly support level. Best time to enter a short is on a retest of the support now acting as resistance. This will give the safest trade setup, for a SL the highest previous point is too high for a good risk/reward ratio so it can be just above 0.618 Fib. TP is at the next support level downwards.
As I said best entry is to wait for a retest and rejection from the new resistance (previous support).
EURGBP ANALYSISEURGBP could extend the rebound to 0.89650 and 0.89900 . blue mark is the entry point.
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Idea is not the financial advice!
EURGBP - SWING - 25. JANU. 2021Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bearish closure below main sr level.
4 HOUR
Overall bearish market structure with a small pullback.
DAILY
Great short entries following mid term trend.
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FOREX SWING
SELL EURGBP
ENTRY LEVEL @ 0.88870
SL @ 0.89200
TP @ 0.88410
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURGBP Sell! GREAT IDEA for earnHello Traders, here is the full analysis for this pair
Watch strong price action at the current levels fors SELL. GOOD LUCK! Great SELL opportunity in EURGBP ..
I still did my best and this is the most likely count for me at the moment.
EURGBP TECHNICAL ANALYSIS: SHORT POSITION +70 PIPSEURGBP on my last analysis on the weekly chart, managed to break above the strong structure, so I'm personally looking for sell opportunities to enter in the market. The pair ranged between 0.89200 - 0.88680 and now was able to breakdown and is currently retesting the new resistance, if the resistance gets clearly rejected and we can see a possible down continuation i will open a sell position, until the formation of a new lower low.
Bearish Shark PatternEURGBP BEARISH SHARK PATTERN
Market Sell Order Set Up.
Sell Entry: (0.89158)
Min Take-Profit: (0.88876)
Max Take-Profit: (0.88687)
Stop-Loss: (0.89402)
Max Risk-Reward: (1.93)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURGBP 1H👋 Hello and welcome traders to another trade
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EURGBP / LONGPrice has broken structure, we are awaiting a retest of the trendline before going long
