Considering the failure to cross the previous peak and the decrease in momentum in the EURGBP currency, the price will probably enter the corrective phase. TIME : 4H SIDE : SELL BUY 0r SELL ZONE : .864 TAKE PROFIT : 0.86 STOP LOSS : .867 R/R = 1.5 MIDTERM SIGNAL #FOREX #EURJBP
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
9th September daily inside bar, while 10th September daily key reversal bar made a new high off the low. supply zone 0.8675. Preliminary support 0.8620 from where price may retrace again upside. need to break 0.8620 for target 0.8550. stop loss 0.8735. target 0.8550.
Since the 0.8350 low made at the beginning of August, EurGbp has a few good with and the pair has risen more than 300 pips in this period. Last week the pair reached daily resistance in the 0.87 zone and has started to fall. Yesterday a strong reversal bearish Pin Bar is visible on the daily chart and this can be the signal that a reversal could follow. I'm...
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...
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!
Euro (EUR) / British Pound (GBP) short on 1-month timeframe This biased is formed on the following basis: 1 Shooting Star at New LH 2 Indication of downward price movement 3 Currently the price is testing the resistance level 4 Downtrend Continuation 5 Formation of new LL 6 Price has retraced up to 0.5 Fib however, it can still go down further up to 0.618...
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...
EURGBP has Grabed The Liquidity Above Equal Highs And Getting Strong Rejection From The Supply Zone. So We Are Expecting The Market To Fall From Here
I’m selling eurgbp from the 50 fib of weekly trend. Pair has already rejected nicely once. This retest should give the liquidity needed for a lower low. As well if you consider the pairs individually gbpusd has hit a floor for now likely to retrace where as EURUSD has a lot more it COULD go down to add cross pair confluence.
Looks like the resistance has held strong again so I will be looking to enter for a sell position once the 4hr candle closes as a confirmed inverted hammer
EURGBP is currently at the key level, and nice bearish tailed bar has formed, showing us the reasonnn to short it. Bias: Sell
230 PIPS COMING UP THURSDAY 8th SEPTEMBER 2022 12-13:30 No nonsense approach simple clean price action trading all info in picture apart from the strategy (use your own SL according to your OWN risk management) THIS IS NOT FINANCIAL ADVICE, MY OWN ANALYSIS FOR PERSONAL USE) FOLLOW SHARE LIKE IF YOU WANT MORE clean ideas 82FX
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.
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...