Eurgpb
EURGBP - Short after break of structure ✅Hello traders!
‼️ This is my analysis on EURGBP .
Here we are bearish from H1 timeframe perspective after the price broke the market structure, so I am looking for shorts. I expect price to make a retracement to fill the imbalance above and then to reject from bearish orderblock.
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EURGBP | Only A Break Out Above 0.87600 Will Increase EURGBPEURGBP | Only A Break Out Above 0.87600 Will Increase EURGBP
EURGBP is moving in a well-defined bullish trend.
The bullish patterns are a bit ugly but the price may rise again
In the actual pattern, the price should increase above 0.8760 to confirm
the bullish movement.
The opposite scenario is that hte price will stay below the pattern and it can
move down without activating the buy signal:)
Thank you and Good Luck!
EUR/GBP 4HR SELL SET UP DOUBLE TOPHi TRADERS this is my trade set up for the EUR/GBP
EUR/GBP Formed double top take sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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LONG ON EUR/GBPOn the weekly timeframe we have a downward channel and price is currently bouncing off a support/demand zone as well as the trendline.
The overall trend for this pair has been down, so if price decides to break support and fall it would actually be (expected) because of the trend (even though I am taking a buy on this trade)
If price breaks and retest the support level I will look to exit my buy position and enter a short position.
Here is the play I will be taking on this trade:
PAIR = EUR/GBP
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.83899
STOP LOSS = 0.82966 - 93 PIPS
TAKE PROFIT = 0.85440 - 154 PIPS