Entry : 0.86772 SL : 0.86972 TP : 0.86072 RRR : 1/3.5 Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !! Support Broker with me in the Bio section
EURGBP was trading in bullish parallel channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending channel. Now the price is retesting the broken channel and broken support level. which is also the 50% fib retracement level. it seems like the sellers can attack again this bearish...
On the daily chart we have a major consiolidation represented by the purple arrows. On the 4 hour chart, we are waiting for a break an a retest thereafter we shall seek to sell targeting the liquidity or fresh order block sitting below.
Please read my previous analysis on Weekly analysis (link below) then come back to this H4 analysis! In short in H4 we see signs of a trend reversal if the price closes below the 0.8670 price mark, especially at the end of this week then there is a good chance that a journey to 0.82-0.83 has begun!
looking bearish trend in daily timeframe follow descending channel
Currently, this pair is on a down-trend structure! if the price closes below 0.87 then there is a good chance that the next zone is 0.83 which aligns with the 1.618 fib extension area!
After breaking the uptrend structure EURGBP has been trapped in a ranging market structure for quite a while now! The market structure is in a downtrend; if this weekly timeframe analysis holds, the next target is the 0.83 price range!
Hello Traders In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EURGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
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Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental analysis: Tomorrow will be released yearly CPI on GBP and on...
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Hello Traders In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EURGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How...
Pair : EURGBP ( Euro / British Pound ) Description : Rejection from the Daily Descending Trendline at Fibonacci Level - 61.80%. It has completed " ABC " Corrective Wave. Bullish Channel as an Corrective Pattern in Short Time Frame and it has Breakout the Lower Trend Line and Completed its Retest
Daily IRL taken Strong H1 bearish MSS Target Daily ERL
Pair : EURGBP ( Euro / British Pound ) Description : Bullish Channel in Short Time Frame and Rejection from Upper Trend Line or Fibonacci Level - 61.80% , It has Breakout the Lower Trend Line and Completed the Retracement. Impulse and Correction Completed it will make its Impulse Again
looking bearish trend in daily timeframe after compalte 50% retracement
We have been monitoring this pair for a while now. We have a CHOCH and BOS on the 4 hour that led to the bearish slide to the demand zone below. Currently we are witnessing a bullish correction targeting our sell orders at 0.8901, our intended profit target is 0.86 region where we have unmitigated demand zone.
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...