Hi Traders, here is my analysis for this pair, Comment your thoughts or like if you agree. All feedbacks are welcomed. An entry will be taken only if all rules of my strategy are satisfied. Add pair to your watchlist and see if the rules of your strategy provides an entry.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8975). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
EURGBP Short Direction: - The pair is in a Bearish Order Flow and had Bearish Momentum. - The pair was in a Bearish Cycle and respected the H4 OB's (Order Blocks). Entry: - M (Double Top) Pattern Formation. - Divergence occurred on the M15. - RSI crossed volatility bands (Shark-fin), indicating a rise in the pair. - RSI above the 68 indicating the pair was...
PAIR IN FOCUS: EURGBP ACTION: SHORT HORIZON: SHORT TO MEDIUM-TERM Price has broken down of a strong structure level and currently hovering under it. Price is under the 50 EMA and the 8 & 14 EMA crossovers signal a short-term price downtrend. We could see GBP strength continue, which would drive this pair downwards towards the next structure level. Price could...
Since EURGBP has been showing that it bearish and respecting resistance levels I am bearish for the time being. The market has respected the first bearish OB on a daily TF and has closed under it. Also creating another Bearish OB near the first one. I would originally like to see the market make the Tuesday high of the week and continue to drop. Maybe that won't...
Have to be patient here and let .9000 price action play out midweek here London / NY session
Pair: FX:EURGBP Bias: Short Head and shoulders (Knees and toes) pattern forming on the one hour with price pushing back up to heavy resistance zone. looking for nice rejection of said zone before taking aggressive entry on right shoulder. Once we see break and retest of neckline we will enter second position with target of as many pips from neck line to tip of...
EUR GBP - Short Flashcard - Pair presented with double top formation off of 200 ema (which later became triple) - First leg came in with a sharkfin off of the 200 ema and RSI cross under signal line - Second leg came in with RSI cross under market base line (yellow) and market baseline flattened out after bullish movement ...
Hey, I am back with anothe Forex setup. Entry 0.90080 - 0.90220 Take profit ( 35 - 62 pips) 0.90570 - 0.90700 Good luck with trading! Make sure follow me, in order to not miss out on my trading ideas. Each Like is very much appreciated! 🙌
Wait for a clear drop and then joining the action
Wait for a clear drop and then joining the action
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Ascending Channel. . 🔸 It has also broken the Support Zone. . 🔸 At this moment, it is on a consolidation that can be better appreciated on a lower timeframe. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
📍 The following position comes after a temporary concession break of 0.90x strong support. After sellers came crumbs away the first time, buyers felt at liberty to allow the breach and trap more on the counterplay. The mysterious trap is coming and buyers wish to occupy the 0.90xx handle rather fast to rule out any cheap entries. At the right moment, we can...
Good Morning, As you can see from the chart price has reached an important support turned resistance level here as well as price approaching the descending trend line which could potentially shape up for a short position. HOWEVER: We need confirmation of this first because price has entered back into the channel so we need to work out first off whether price is...
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!
E/G ANALYSIS 7/7 Check out the original update here (I update my pairs frequently, NOT on tradingview) We may now see a pullback anywhere in the regions above test a few levels above before considering short potential price has made a lower low, now looking for a LH TO STAY UPDATED REGARDING THIS PAIR... 🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
The market after an upward move is now losing momentum and testing the important level around 0.90. If the market will manage to break and close below the ema and consequently below the yellow structure we can set a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you...