Sell EURGBP at current levels. Very weak EUR Daily
EUR GBP and the pound looks to have the upper hand.
It's at a double bottom and not much beneath.
Eurgbpshortsetup
EURGBP 0.87109 0% SHORT IDEA 🐻📈💡HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD.
* Looking at EUR/GBP INTO THE LONDON SESSION
1. LOOKING FOR ASIAS BSL TO BE TAKEN TO TRIGGER THIS SET-UP.
2. Price is currently filling some volume imbalance from friday.
3. Looking at momentum to push higher take out the bsl to continue bearish.
4. Higher time frame bias is bearish for me so looking for continuation.
5. TARGET would be the the SSL & THE DAILY +OB.
lets see how it goes.
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EURGBP Continuation of the uptrendI am expecting to see a continuation of the uptrend , to break the level of 0.89288 which was the previous high and a possible take profit at the price of 0.89415
EURGBP SELL SETUPI am interested in this 15 minute Order Block tucked away in the middle of a 1 hour Order Block. I would wait for confirmation if price reaches the level. Price might rally to clear the PDH and liquidity resting through it in a slanted angle. I don't believe price will drop much further below the Previous Day Low (PDL). If it does, it will be retracing a daily range, which will be a much more significant drop. Too bad I'll be asleep when this happens. I'd be watching it.
EURGBP | Steep Downtrend. Go Short!When it comes to the technical analysis of EURGBP , considering the current market structure, this currency pair is still in downtrend. On chart, we can clearly see the steep downtrend and price also managed to break the previous support area S1. That means price is likely to continue moving downwards. So the best approach would be to wait until the price tests the S1trend line. If you find a strong rejection with bear candles, go short. Targets T1 & T2 are marked on the chart.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EURGBP Short Trade SetupA bearish opportunity recently presented itself on the euro-pound trading chart. This follows from the bearish harami candlestick pattern which printed just below the 0.87500 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 0.83401 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
Rooting for you!
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FX:EURGBP
EURGBP SellsAnalysis done on HTF based on break of current support and expecting price to come down to lower OB on H1
EURGBP IdeaG'day guys.
Here is Idea for EG. As expected this pair heading to wide range sideways. I am will position myself on Sell position with 40pips Stop Loss
Let's see what happen next..
Cheers
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
EUR/GBP Technical Analysis.Currently, EUR/GBP is trading at 0.9057. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in an up trend in resistance and support wedges. There is a great possibility that the pair will rebound back from its support level. If the price breaks the support level at 0.9045, then it may start a new down trend, its first target price will be at 0.9003 and the second target price will be at 0.8946.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Rishikesh Lilawat
