Eurgbptrend
EURGBP SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on EG as price takes out all the buy side liquidity above the old highs after ECB bullish news about a possible rate hike this year. Price takes out weekly stops and quickly reverses with a high bearish momentum that could potentially start the selloff, we have also a lot of bullish imbalances that should be filled and those areas can act as a MAGNET for the price to go down.
What do you think about this currency pair ? Comment below..
EURGBP LONG#EURGBP LONG (nr1)
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The pair is currently in a bullish trend and i expect to see bullish continuation and price to settle above 0.84700 resistance.
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I am going long on EURGBP
My open position
ENTRY: @ 083832
TP: @ 0.84740
SL: @ 0.83600
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Please use small lots if you gonna trade on this idea.
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Please like, comment and share if you like my idea.
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This is a repost as my first one was removed because i break the rules by posting links
EURGBP SHORTS 📉📉📉📉 Expecting bearish price action on this pair as we are in a bearish market structure on a HTF premise, price takes out the last point of liquidity above the old high and institutional figure 0.84500. I think we have CLEAN AREA for the selloff, my targets are going to the IMBALANCE area somewhere around 0.83500 / 0.82500.
What do you think ? Comment below..
EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURGBP: ASCENDING TRIANGLE PATTERN.Welcome members, old and new ones to this EURGBP hourly update.
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Let's get back to the chart.
EURGBP is under the ascending triangle and technically these patterns are a bullish formation that anticipates an upside breakout. So, here's the deal, once EURGBP breaks out of this ascending triangle that is above £0.843, we can enter long. That will be a clear-cut confirmation. Exit the trade if it breaks down below £0.837.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
Wait for a Reversal Impulse to go long!Hi Traders,
Looking at the HTF we are coming approaching the bottom boundary of a Bullish Continuation structure. Price is moving within a descending channel with a potential double bottom that could add confluence to this set up. I will be watching out for a strong Reversal Impulse with a LTF correction for a buy opportunity.
Whats your view on this pair? Share a comment and click the like button if you agree!
Follow your trading plan at all times.
Good luck!