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Eurshorttrade

EURGBP SHORT @ ResistanceEURGBP on the 30-minute chart has ascended to the supply / resistance zone marked by the LuxAlgo indicator. It is far extended in the overvalued zone two standard deviations above the mean anchored VWAP. There is confluence in the volume profile which shows price far above the POC line and also above the top margin of the high-volume area of the profile. Finally, the stochastic RSI is showing bearish divergence. Accordingly, I will take a short position and also check the EURUSD pair and GBPUSD pair for analysis.
Short
by AwesomeAvani
Probable Demand ZoneEURUSD has been going through an extended complex pullback pattern on higher TFs. It seems another bear leg to 1.1175, the FIB 61.80% retracement level, is becoming a probable scenario. Selling short to 1.1175-1.1250, covering and flipping long is the potential setup. As always, managing risk is the most important part. Fractional risk of 1.5-3% approach is the default approach. The size of a trade decreases as the risked price range increases. In another words, trading higher TFs requires a longer wait and a smaller size. Extremely boring.
Short
by Zoen_Trieste
EURGBP Short - Hammer the price down!!!!!!!!!!!!!!!Price action at daily resistance. ALSOOOO, the RSI is Overbought @ over 80. (TECHNICALS ARE NOW ALIGNED) Brexit woesss!! - Too much negativity so far from the negotiations UK government are producing to EUR Sellers should enter the market by friday. Expecting some positive fundamentals for GBP this week and next week. $$ Take profit at a psychological number $$ but could reach previous support SL: 0.93030 Entry: 0.92285 TP: 0.91000
Short
by AADEDIJI