This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
If you are looking for a buy or a sell I feel price will use these prior zones to find its way through structure in price movement .
Price is facing bearish pressure from our descending trend line where we could see a further drop below this level.
Price is facing bearish pressure from our descending trend line where we could see a further drop below this level.
EURGBP is approaching resistance at 0.89572 where it could potentially drop further to 0.89090. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Eurgbp has broken a recent keylevel & has pullback to form a deep retracement, I'll be looking to go short on the price rejection of the trendline + close below 8 EMA
EURGBP on the monthly chart has reached a very important level around the 0.91 area where market has been always rejected. On the weekly chart (lower left) we can see that price couldnt create new higs and close the last candle with a lower low on the break of the support structure. Daily chart show us a price moving towards the 0.89 area with a possible minor...
After our last idea on this pair EURGBP seem to take a bearish direction. Market respected perfectly the resistance structure and never break above it. Currently the market is pushing to the down side and broke the acending channel between the blue trendline IF we will see a clear break below the weekly support we can set a nice short order according with...
EURGBP has recently lost momentum and couldnt make new highs. Market Is very close to a top monthly resistance level (purple) which has never been broken. AT the moment on the daily chart we have 2 possible scenarios: IF the price will break above the daily structure we can set a short therm long order with low risk being very careful at the monthly...
Another textbook entry Long in EUR/GBP at 0.89512, utilising our multi-timeframe strategy, combined with Wyckoff and Institutional Order Flow! We used a slightly wider stop loss on our original position of -10 pips, however as always with our 'advanced self-review' we establishe we could have refined our entry and actually executed this position at a better...
Am looking forward to a probable 540pips move to the downside before a reversal to the upper side to make an over 1k pips move.
EURGBP WAITING SELL POSITION FOLLOWING THE MARKET STRUCTURE
Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Market consistently below main sr level. 4 HOUR Great short entries following mid term trend. DAILY Overall sideways waving market structure, expecting to push down. - FOREX SWING SELL EURGBP ENTRY LEVEL @ 0.90200 SL @ 0.90490 TP @ 0.89790 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels -...
Price is approaching our first support in line with our 78.6% fibonacci retracement and 161.8% fibonacci extension where we could see a bounce above this level. Stochastic is showing signs of bullish pressure as well.
Price is approaching our first support in line with our trend line and fibonacci confluence where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well.