Overall I believe we should see 0.8530 again as the rise has been like three climbing mountain tops, and it created a kind of strong rising wedge so the speak. This will not bode well short-term and perhaps GBPUSD will move upwards sharply due to the larger fall of USDJPY affecting GBPJPY as a thought. Strategy is SELL 0.8730-0.8780 and take profit 0.8578 for now.
Just a quick update on my earlier trade idea for today received a SELL signal and have entered the market and will target areas mentioned in previous post Happy trading
EUR/GBP ::: At this moment, it has broken the blue channel, if it stabilizes in the range and the ceiling of the blue channel is supported, the price will grow well .
Last week the EURGBP broke out of a weekly resistance area and closed thee week well above it , the pair has also been on an 8 week up leg which looks to be targeting the weekly SUPPLY/SELL zone that starts around 0.89 before we hit that i expect a small pull back down towards the resistance that was broken last week. So today I will be looking to SELL this pair...
Based on technical factors there is a Short position in : 📊 EURGBP 🔴 Short Now 0.8633 🧯 Stop loss 0.8731 🏹 Target 1 0.8562 🏹 Target 2 0.8452 🏹 Target 3 0.8343 We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
2 Year High - 1.4bn @ 0.86 - SM 80/20 - UK Inflation Data will be a major Trigger
EURGBP looking bearish! Reached near the strong resistance zone and the wicks clearly shows sellers don't want the price to go up
We should create a move down either for just a retracement of maybe a longer term reversal. Still pushing up so I'm looking for a right shoulder move on the 4 hour to confirm price to make a push down. I will update target areas if I take a position!
A bearish opportunity recently presented itself on the euro-pound trading chart. This follows from the bearish harami candlestick pattern which printed just below the 0.87500 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 0.83401 could give you a reward-to-risk ratio as high...
Looking for a right shoulder to form giving a nice opportunity for a long term short position. Look for 4 hr rejection from the sell zone to confirm entry, we may not see the move this week but ill definitely be on the look out as this resistance level to hold strong and create if not a long term position another easy opportunity for a quick move down.
Technical indicators are turning bearish. The pair has slipped below 5-DMA and is on track to test daily cloud support at 0.8533
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. Press like button if you enjoy this content 😊
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
To open up the week, I see the pair EURGBP selling. It has rejected the supply, with two impulsive moves. It will head towards the 4h demand zone. I would wait for another clear move, however these moves have been significant enough to take upon the shorting move. This is just an idea.
EURGBP has now entered the supply zone. The suggestion would be to waait it for setup and what where it next breaks to - I am expecting a short to the 30 minute demand. If it breaks downwards, we could be entering a trade with RR of 3. Enter at your own discretion.
Here is my view for EURGBP on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This pair has been playing for the last few hours however it is now ready to sell. It has not cleanly broke upwards, therefore after a number of rejections, it will look to end up selling, especially once the upper order block will stay respected. (Price may return, as there is a bit of imbalance left)
Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:EURGBP We can see a market break its strong support in...