EURGBP Formed head and shoulder pattern. you can open sell on break of neckline and Retest..
** JUST AN IDEA. NOT A SIGNAL ** It seems like there is a multi time frame forming where if the trades breaks out of 0.90150 then the trade will look to go long. However from the weekly patterns and the current 4h graph we can assume that the bears will push down the trade significantly. Three spots of take profit are set with a somewhat tight SL at the...
EURGBP - Trading Plan on breakout
Hi Guys, I have updated Entry and Take profit levels on this trade.
low chances for EURGBP to continue up ward direction, Strong resistance formed with price rejecting the level confirming entry.
The counter has kicked off a short-term bear cycle and it is now at its wave 4. Further, the wave 4 correction could be interpreted as an expanding triangle pattern. It hit the top of the triangle and is now cooling off which we believe is a new bear cycle in the near-term. And a head and shoulder pattern has formed as well and hence we expect the pair to be...
Nice and easy setup this. After a decent downtrend we have seen some pullback followed by a nice bearish cande which suggest we should see more downside movement. I have gone short on this and marked the tp and sl for you as well. Let me know your toughts as well. Trade safe and good luck.
Price is currently showing minor bullish momentum in the form of a retracement. We may see price re-test our entry point before advancing lower to our target levels. Entry, Stop loss and take profit levels have been marked. Should price move in our favour, you should be looking to scale out the majority of your position at TP1 , move the stop loss of your...
I expect that the price will grow up till our SELL AREA. SL at 0.90025 TP at 0.88780 How about SELL NOW..? I don't recommend it. Have a safe trade, bro..! 'Negeri di Atas Awan'
Looking for potential continuation sell on this pair. Price broke thru the inner trendline and is currently in the 38.2% fib zone for the move down. If price respects this level, I anticipate a roughly 178 pip move to the down side to complete the entire move. Price could potentially go back to .862XX area. Will hold and trail SL if we make the move to the downside.
I believe price is currently in a down retracement and has some ways to travel before going back into the buy trend. While waiting on price to reach the level for a buy, I am looking to sell. I am looking for price to break 1 hour support and retest before entering into a sell.
The Two Day Play or The Famous Setup Suppose Market Stays like this Sideways within a tight range Then at Frankfurt Open We will have what we call the 2 Day Play or The Famous Setup For further explanation of this Setup check the link in description.
Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Bearish market open and price action below main sr zone. 4 HOUR Bullish waving market structure took out previous highs. DAILY Strong reaction after overpricing and taking out short holders. - FOREX SWING SELL EURGBP ENTRY LEVEL @ 0.89860 SL @ 0.90450 TP @ 0.89010 Max Risk. 0.5% - 1%! (Remember to add a...
EURGBP is approaching SELL AREA D1: We can see that the price is entering the resistance area, but this is WEAK RESISTANCE. Buying or Selling Now in this area is not recommended, because the price is likely to go up or down, means that we do not have a high probability to get profit. I prefer to wait until the price entered the selling area. SL: 0.91080 TP...
EUR/GBP closed below the key level on Friday, which for me is a bearish sign. I remain bearish on this pair until we are below the area on daily closing basis