Eurgbpshort
Trade Analysis - EUR/GBP - ShortPrice pushed to our key area, and held below. We then saw price create lower lows and lower highs indicating the pair is moving in a downtrend.We are now ranging between support and resistance levels. I would like to see price move closer to our trend line, and give us clear rejections before entering a short position.
EURGBP Short Very simple strategy.
Retesting the resistance very clearly as seen above.
As we can see al the other levels are being tested almost perfect, and although I use the 200 EMA most of the time for 4h and swing trades, look at it''s position right now on the 1H
My SL: 0.90410 ( slightly above the wicks )
1st TP: around 0.89900
2nd TP: around 0.84300
Trade safe!
EURGBP BearishEURGBP seems bearish at the moment,
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EURGBP: Another Rejection To The Supply Zone...Recently, we managed to see price level rejected off the resistance level @0.9085 price level, also a rejection off the ichimoku cloud . I will be expecting price to move the 161.8% fib identified from the shooting star candle stick. That will be the 1st target for this trade. If we see a breakout from the ichi cloud we can determine that price will be heading for the supply zone .
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EURGBP - Trapped YouThis pair trapped sellers as expected and is now making a strong bullish move to wipe stop losses. If we remain above the key structure marked we can target the prior highs, If we managed to piere through the key structure once again, we can look to target the bearish key level marked.
EURGBP SHORT a very simple concept a correction then go short
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