EUR/GBP: Locked in & Waiting for the Perfect FlipWeโre sitting pretty inside a refined 30M order block, but patience is key. The game plan is setโwaiting on a clean CHoCH flip to confirm bullish intent.
What I Need to See:
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Inducement takenโweak hands swept.
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30M OB mitigationโprice needs to respect structure.
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5M confirmation entryโonce the market tips its hand, I strike.
No guessing, no forcingโjust letting the market show its cards. If it all lines up, Iโm catching this move with precision.
#Forex #EURGBP #SmartMoney #CHoCH #Inducements #PrecisionTrading
Bless Trading!
EURGBP trade ideas
EUR/GBP: Smart Money at Play - Ready for the Upside?The market just did its thingโswept liquidity, induced early sellers, and now weโre parked inside a clean 4H order block. Thatโs where the real game begins.
Breakdown:
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Major HH broken, clearing minor liquidity + inducement.
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4H order block in playโwatching for bullish momentum.
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30M TF will confirm the executionโwaiting for the market to tip its hand.
No chasing, no FOMOโjust precision. If the market respects structure, Iโll be taking this ride to the upside.
#Forex #EURGBP #SmartMoney #Inducements #TradeWithPatience
Bless Trading!
EUR: watch for a single word that could change everything The European Central Bank (ECB) is set to cut interest rates by 25 basis points at its March 6 meeting, lowering the deposit rate to 2.5%. All 82 economists surveyed by Reuters expect the cut.
So, with this in the bag, the focus shifts to what comes next. Markets see a 60% chance of another cut in April, but hawkish policymakers like Isabel Schnabel are pushing back.
According to ING, a key signal will be whether the ECB drops the term โrestrictiveโ from its stance. If it does, a pause could follow; if not, further cuts may be likely.
Overall, though, the ECB is unlikely to provide detailed forward guidance. Factors like U.S. tariffs and developments in Ukraine could significantly impact the eurozone economy, making it difficult to set a long-term policy path.
EUR/GBP Breakdown โ More Downside Ahead? Local Short! SellAnalysis & Description:
The EUR/GBP pair is showing bearish momentum, having broken below a key horizontal resistance zone, confirming a potential downtrend continuation.
Key Observations:
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Break & Retest Pattern: The price has broken below the previous support (now resistance) and is retesting it before further downside.
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Bearish Structure: Lower highs and lower lows indicate a continuation of the downtrend.
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Target Level: The next bearish target is marked around 0.82441, aligning with previous support.
Trading Plan:
๐ Bearish Bias:
A successful rejection from the resistance zone could provide a selling opportunity targeting 0.82441 and lower.
โ ๏ธ Bullish Invalidations:
If the price reclaims 0.82760, it could signal a fakeout and potential bullish reversal.
Final Thought:
EUR/GBP is in a clear bearish trend, and a rejection from the resistance zone could trigger a further decline toward the 0.82441 level. Stay cautious of any false breakouts! ๐๐ฅ
EUR/GBP Bearish Retest โ Downtrend Continuation Below 0.8300Chart Analysis & Trade Setup:
The EUR/GBP 2-hour chart highlights a strong downtrend with a descending trendline acting as resistance. The price recently tested a key horizontal resistance zone near 0.8300, rejecting it for a potential continuation lower.
Technical Breakdown:
๐ Descending Trendline: The price has respected the trendline resistance, marked by two key rejection points (black and red arrows).
๐ Support Turned Resistance: The previous support near 0.8300 has now flipped into resistance after a breakdown.
๐ Bearish Retest Formation: Price is expected to retest 0.8300 before continuing the downtrend.
๐ Bearish Outlook: If the price holds below 0.8300, we can expect further downside toward new lows.
Trade Plan:
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Entry: Consider a short position near 0.8290 - 0.8300 on bearish confirmation.
๐ฏ Target 1: 0.8220 (Previous low).
๐ฏ Target 2: 0.8180 (Next key support zone).
๐ Stop Loss: Above 0.8325, to protect against an invalidation of the bearish setup.
Conclusion:
EUR/GBP remains in a clear downtrend, with a bearish rejection at 0.8300 acting as a key trigger for further downside. Traders should watch for a clean retest before entering short positions.
๐ Bearish Retest in Play โ EUR/GBP Targets Lower Levels! ๐
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.82900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82900 support and resistance area.
Trade safe, Joe.
DeGRAM | EURGBP retest of the demand zoneEURGBP is in a descending channel, in the demand zone between the trend lines.
The price is moving from the lower boundary of the channel and dynamic support, which has previously become a rebound point.
The chart has formed a harmonic pattern.
Indicators on the 1H Timeframe point to a bullish convergence.
We expect growth after the retest of the lower boundary of the demand zone.
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