Preferred direction: SELL Comment: Today, especially the euro and the pound have performed well, being able to resist the dollar and recover. However, most likely this will not last long and all instruments will fall further. The entry point is currently blurred. The most conservative option would be to enter after a slight increase. The downside potential is...
Hey Traders I believe EURGBP has a good chance to continue moving up to re-test the previous area of resistance, overall market direction is bullish. Today's eur retail sales did not influence the market too much, I feel the trend will continue moving up since we had strong breaks of moving averages.
As you can see, the market structure is bearish and we looking for a sell. There is a bearish order block with liquidity that makes it even stronger. Attention please: We need LTF confirmation for entry. 💡Wait for the update! 🗓08/11/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #EURGBP. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Using the intra-day wedge to get short after we broke the Daily up trend yesterday. That candle did close bullish, but I think the intra-day wedge helps to establish the short bias. Target is perhaps optimistic but with a positive swap, I'm happy to hold overnight. Stop above high of day at 0.86882 Targeting ExMo low/Previous days low around 0.86550 Broker...
Price is hovering below our sell entry at 0.8687, which is an overlap resistance level, slightly below the 50% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.8724, which is placed beyond the swing high resistance level. Take profit is at 0.8658, which is at the swing low support level. High Risk Investment Warning Trading Forex/CFDs on...
H4 is rejecting support. M45 and h1 show engulfing bull strength. Overall bull structure.
After a beautiful rising wedge, now this is broken and the support line became a resistance one so on daily now im bearish in short term.
💬Description: According to the previous scenario, in a certain future (1-2 weeks) , we expected a temporary strengthening of the Euro , which is currently happening. In the near future, most likely, buyers will approach the level of 1.06745 , from where the “insidious” plan of buyers to “throw out” sellers from the market will begin. To do this, it is necessary...
Break of the Asian range to the downside. Trading with the #trend. Entry: R1 @ 2245 TF (Time Frame of Entry): 15M Trend (Y/N): Y L50: Bearish. EMA's: Bearish AR: Broken within momentum. ADR: Space OB/OS: No Divergence: No Grade: B, middle of run momentum could be slowing.. Result: Exit:
Here we have EUR/GBP on the 4Hr Chart in a beautiful textbook example of a Consolidation Rectangle Pattern! Clearly respecting a Resistance @ .87403 and Support @ .86829! Accompanying price on my chart is the 200 EMA with price ABOVE it showing it has been BULLISH with the dirty test prior to the pattern. Along with the Bollinger Bands showing CLEAR signs of...
Take a look at that huge rising wedge pattern on EURGBP on a daily time frame. This week, the price formed a head and shoulders formation within its boundaries. Yesterday, the price formed an imbalance bearish candle and violated both the neckline of the pattern and the support of the wedge. It signifies a change of character on a pair and a highly probable...
Massive bear Weekly Close breaking a 4 week support Next week we'll be looking for a price pull back to test the resistance and if rejected then we're all set for to short eurgbp Support trend line also broken. Next week look for validaton of those support lines becoming now resistance levels
Preferred direction: SELL Comment: The previous trading idea for the British currency also worked out and at the moment a short position is being considered again. At the level 1.22370 there is pressure resistance, at which a downward reversal is expected. Most likely, the instrument will try to grow slightly beyond this boundary, and then fall to local...
Preferred direction: SELL Comment: The previously published trading idea for the Euro remains valid; we are right at the area considered for sale. Tomorrow the long-awaited non-farm is expected, which could serve as a trigger for a fall to the current lows. Thank you for like and share your views!
EURGBP previouisly broke above this level and now wants to retest this. If it fails then it could go down to at least "0.86131" to take more orders
Yellow: Open Position Red: Stop Loss Green: Take Profit I am not responsible for your loss! Thanks for visiting. Happy Trading!