EURGBP on the 4h chart is moving over a daily chart .
The price after a first bounce has moved back to the support and according to Plancton's strategy if the market will break below we will set a nice short order.
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🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
We have Bearish momentum following a major trendline correction break. We now have a clear bear flag on the lower timeframe, not far from the original entry.
Enter on the break of this flag, stop loss just above the correction.
Don't miss out - this is a beautiful safe entry!
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EURGBP short from the four-hour range high.
If the pair reacts from the four-hour range high or the order block below, presenting a clear opportunity to short the pair, this will be a good opportunity to scale into a position and follow the overall bearish market.
H4 time frame.
The short-term downtrend structure was broken when the price increased strongly and formed a symmetrical triangle consolidation pattern on the key level.
Price just broke out of this triangle consolidation pattern. Here, you can wait for a buy setup with a 1-hour time frame to trigger.
The profit target is the old resistance zone at...
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EUR/GBP Analysis - We expect price to pull back to previous support for a corrective wave and continuation to the upside. Support zone would be the best zone for KiSS 2.0 scalp and intraday. Potential short zone for KiSS would be 8613 area. WAIT FOR IT! :)
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AUD, NZD & CAD:
The fact that the AUD is now the second largest net-short position among the majors does not really surprise given the recent string of negative factors such as the virus situation, slowing economic data in China and falling Iron Ore prices. This week we have the RBA policy decision coming up and markets want to know how stressed the bank has...
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As we can see, the price is inside its DESCENDING CHANNEL and close to SUPPORT.
Let us know your views on this in the comment section. Thank you all.
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I was monitoring 0.85 key level on EURGBP for quite a while.
Being a strong recent structure, I was looking for a pullback trade.
The confirmation that I got is a bullish breakout of a falling wedge pattern on 1H.
Now the price is retesting a demand area.
I expect a bounce to 0.8524
❤️Please, support this...
Price is facing bearish pressure as it continues to hold below the descending trendline, moving average and Ichimoku cloud resistances. We could see a reversal at 1st resistance, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension, descending trendline resistance and horizontal pullback resistance, and further downside towards 1st support, in line...
EURGBP has been on a wild ride of price action through a downtrend in the past couple days. However, it appears to have done a breakout as a buy position. Therefore with the downtrend retracement that hit support levels, we could be seeing EURGBP going for a buy.
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There is no clear trend in the chart review and the price moves in the range of 0.8540 to 0.8610 without trend. In the chart, you can see that the price reacted to the resistance line several times and each time after reaching the resistance line, it could not cross it and moved back to 0.8540. But it is possible that this time it...