Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
We are using our POW reversal script for this trade.
This is a reversal strategy working the 15M time frame on EURGBP.
Trade details can be found on chart and the label details all the info.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trade can be seen on chart which...
In EURGBP the price keeps forming a bullish pattern .
After the first breakout from the "Inverse Head and Shoulders ," the price completed also two "Falling Wedges".
If the price will move in an aggressive way we can see it test the top
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This is by far my favourite setup of the morning.
I am not taking any trade until we get a shift (BOS) because EUR is extremely bullish and could take out the high.
I will keep the team updated.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
We consider selling this EURGBP pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
After confirming 0.8615 as resistance, EurGbp fell under 0.8550
At this moment the pair is correcting this fall and is trading in a flag pattern
A new leg down can follow once support is broken and a new visit to 0.85 important support
price broke clear S&R level which r respected 5
times in the past and MA 200 on 4h then retested
aslo price rested downtrend line on 4h then came
back below the S&R level with long wick
placed SL above the downtrend line ,S&R level and
MA 200 on 4h
targeting daily S&R level
With the continuous lower highs and lower lows forming, we should expect sells to continue on this pair.
We're keen as to what price will continue to do at this level.
We already see rejections at the level, and we're looking to pick up entries on the lower timeframes.
We're moving with the trend. It's the best we can do.
EURGBP
Short Setup
Continuation trade:
👉🏻 Price is respecting the markups. The break below 0.85000 was the biggest giveaway, further sell off could be anticipated until ~0.83500 area.
Since mid-July, EurGbp traded downwards and the pair also has broken under 0.85 important support
However, after this break, lows are marginal and without power
At this moment the pair is facing descending trend line and a break here should accelerate gains
0.8550 is a logical target for bulls. Also 0.85 is now resistance
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
![EURGBP: [EURGBP W3 Aug 2021]](https://s3.tradingview.com/v/VxshzkXh_mid.png "[EURGBP W3 Aug 2021]")
