POW Reversal in use for this trade idea.
We are working EURGBP but this time on our H1 strategy.
We have had a trade alert this morning.
Green printed label shows the trade details.
Chart also shows the previous trades for the strategy.
Green lines are TP and Purple lines are SL.
Stats for the strategy as always can be found at the base of the idea....
- The EUR FEATURE currently stands at 1.0425 LEVEL. We can see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE.
- Its price is above EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2222 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a...
POW reversal in use on this trade idea.
Working EURGBP on the hourly chart here.
Share fair bit on this pair over two separate strategies work POW reversal.
This one is hourly chart and my other shares have been on a 15M strategy.
This strategy is set up mainly to find short trades.
Chart shows one live trade which has been in some draw down but is still...
POW Reversal script in use for this idea
We are working EURGBP on the 15M chart.
Strategy has been covered fair bit of late.
Chart shows one live trade and previous trades.
The script went through a small losing run but all strategies do.
Trade label shows all trade details
Stats at bottom of this idea for this strategy.
Lets see how this latest trade...
Price HTF broke structure and retracing now, trading into an unmitigated, imbalanced demand zone. I like this OB, as it is the origin of the bullish impulse that led to a BOS.
Looking for bullish PA on LTFs at this level to see if there is a CE (Confirmation Entry) made available.
EUR/GBP extends downside after rejection at channel top, slips into daily cloud
EUR/GBP is trading with a bearish bias. The pair is holding support at 200H MA and 21-EMA. Break below to plummet prices further.
Welcome members, old and new ones to this EURGBP hourly update.
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Price is in a downtrend but don't be fooled, many retail orders are stacked up the top ready to be purged. Expect price to reverse in one of the two zones, I vouch for the lower one as institutions have open shorts there and need to be closed first before going up. Trend reversal confirmations needed within the indicated zones before entry. GL