📌 Potential SELL setup for: EUR/GBP👩🏽💻Technical: Taking a look at the EURO, it's shown some weakness recently, unable to break the 0.88650 level despite several attempts. With daily support now broken, and a completed push > exhaustion cycle that also includes a rejection of the MA 200.
🎯 For an ideal entry: The price is currently within the channel. You could consider entering now, targeting a decent gain of approximately 20 pips before a potential re-test of the previous bottom. Alternatively, you might prefer to wait for the H1 closure for further confirmation.
Eurgbpshort
EURGBP Buy for scalpers and sell for day traders?EURGBP looks good for sellers, however we would not want to sell at the first POI as price would still be cheap (In the discounted area) from the swing high that created that BOS. Otherwise, the second OB should definitely give us opportunities to go short.
All the best!!!
EURGBP Short Term Sell IdeaH4 - Bearish divergence.
Lower lows.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
eurgbp long welcome
here is my eurgbp long idea
its based on
market lost levels dramaticly from 27th to 1st may, no retest of lost levels happened
on 1st may we created a higher high / low and it seems we magnatified by the weekly pivot (currently trading under)
in order to retest lost levels we will get in the area of broken weekly pivot of last week where alot of pa happened
market is bearish on higher tf like m, w, d
if the retest would not accour i will look because of bearish higher tf´s for good short trades to swing down
im thankful to see how this setup plays out
EURGBP - Bearish Trend Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
EURGBP - Short active ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: As I said in my previous analysis, I was looking for a short if price takes buy stop liquidity, fills the imbalance and rejects from bearish order block. All of these aspects were confirmed, so I opened a short position.
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W9.1-31 EURGBP BEARISH IDEA (HARMONICS BEARISH PATTERN)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of Harmonic Bearish reversal Patte coupled with bearish divergence at potential reversal zone (PZR)
Entry at LL on the basis of harmonic reversal pattern and support and resistance.
SL & TP Levels are defined
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly SELL until the 0.8810 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
EURGBP - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to take buy stop liquidity and to fill the imbalance after that to reject from bearish order block.
Fundamental analysis: We have news events on GBP on Wednesday 19th of April, will be released CPI. Pay attention to the results in order to validate the analysis.
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EURGBP - Re-entry on sell for a RRR of 4.75:1Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
FX:EURGBP been moving quite tricky within our preferred structure. Seeing a great opportunity for re-entry and continue towards our plan.
Risking 2% for 9.5% (I open two 1% risk positions where each is RRR 4.75), I always take amount invested as partial and let rest run.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
EURGBP - Sell idea for a RRR of 4.2:1Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
FX:EURGBP been moving quite nicely within SMC structure. Seeing also a great opportunity for sell from this area to continue its move.
Risking 1% for 4%, I always take amount invested as partial and let rest run.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo