After price broke structure to the downside, it impulsively retraced and retested 4h supply zone. It then reversed, breaking structure on a smaller timeframe which gave us a shift in market structure. Price has now formed liquidity which it could potentially use to push further to the downside
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are bearish from daily perspective as we have huge imbalance lower that has to be filled. I expect price to make a retracement to fill firstly the imbalance higher and then to reject from 4H bearish order block + institutional big figure 0.88000. Like, comment and subscribe to be...
EURGBP trade idea with great R/R Ratio. Another way to approach this setup would be with a slightly larger SL, below the previous bullish candle
EURGBP has taken out The Sell side Liquidity and Then made Choch , And then created Eq Lows. Now we are Expecting the Marketing to take out those Eq lows and Enter the Zone where previously Manipulated and then Sharply Move upwards to Grab the Buy side Liquiidty
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87400 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.87400 support and resistance zone. Trade safe, Joe.
Bullish divergences are formed. The harmonics pattern shows that the D point is for reversal, if only we have divergence there. Take the risk of 2% of account size. Entry Point: 0.86847 Stop Loss: 0.86718 Take Profit 1: 0.86976 Take Profit 2: 0.87104
Hello Traders, EURGBP has entered into an exciting zone, which is a weekly FVG (yellow box) and has reacted. I expected the price to retrace into the blue box which is my area of interest to look for a long setup. This happened on Friday and my long setup didn't come. However, I was expecting price to go deeper today to take out induced early buyers. Hopefully,...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at EUR/GBP INTO THE LONDON SESSION 1. LOOKING FOR ASIAS BSL TO BE TAKEN TO TRIGGER THIS SET-UP. 2. Price is currently filling some volume imbalance from friday. 3. Looking at momentum to push higher take out the bsl to continue bearish. 4. Higher time frame bias is bearish for me so looking for...
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR...
Hello,Friends! The BB lower band is nearby so EUR-GBP is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.872. ✅LIKE AND COMMENT MY IDEAS✅
Trade Idea: Selling EURGBP Reasoning: Selling into horizontal resistance on the daily chart Entry Level: 0.8709 Take Profit Level: 0.8576 Stop Loss: 0.8754 Risk/Reward: 2.9/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
UK: Labor data to keep Bank of England expectations hawkish The Bank of England has made it clear that the decision on June rate hike will be underpinned by the two sets of wage and inflation data out before the next meeting. The first of these unemployment and wage numbers will be out on Tuesday, with consensus expectations not suggesting any let up in concerns...
Waiting for a retest of 0.87588 to short EURGBP back down to prior lows at 0.86750 If you agree drop a like and if you have nay questions leave a comment :)
EURGBP daily analysis. Idea for short. 15.05.2023-19.05.2023
Hello,Traders! EUR-GBP was trading along The rising support line But then broke the support Cluster which is now a resistance And went up to retest it Recently so this week I will Be expecting a move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Traders, EURGBP last week showed a rejection from the 200 sma. It fell a bit from there. We have a potential M pattern forming on the daily time frame. So it can continue to fall until it reaches one of the FCP zones where it can bounce upward again. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a...
My dear friends , My technical analysis for EUR/GBP is below: The market is trading on 0.87150 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.86621 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous...
The price of EURGBP will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️