EURGBP push lower to 0.90000 handleHi,
I used to waste time, explaining my trades but then people would get them taken down as I self promoted (I've been put on the naughty stairs lmao)
So now, I just publish trades without explaining myself, so good luck trying to figure it out. ;-)
30 pips stop loss.
(This isn't financial advise)
Saif
Eurgbpshort
EURGBP short trade ideaPlan: wait for the price to bounce off from trendline or 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
EURGBP: Retracement Movement Occurring... High Resistance Zone!!Looking at EURGBP, I will be expecting a BEARISH movement occurring soon from this area. Previously, we managed to see several rejections off the resistance zone (red area). Looking at 2 diff fib level, we can see that the first retracement will be to the 0.5 fib level while the other shows a potential 1.68 fib retracement. There is also an area of support at that level. Therefore, if BULLs continue i will see a minimal retracement till the level before further bullish movement. If BEARISH continues, it could be a good R:R trade.
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EURGBP short trade ideaPlan: 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
EURGBP - SWING - 01. DECE. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bearish market pressure..
4 HOUR
Overall bearish waving market structure, good short entries!
DAILY
Pullback in a midterm downtrend.
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FOREX SWING
SELL EURGBP
ENTRY LEVEL @ 0.89480
SL @ 0.89920
TP @ 0.88820
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
EUR/GBP Technical Analysis
The counter has been in a steady decline for the last 3 months.
Now, it has hit a strong support level which could trigger some profit booking.
Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.
Hence, we expect the pair to be bullish in the short-term.