Overall I'm bearish on EG but I don't see it going lower until it takes out those EQH. There is also a 4HR OB above those EQH that took liquidity. Expecting it to then go down and take out the EQL. There is so much liquidity down there.
I see EURGBP have two doji at time frame Daily, i waiting for 3 Doji at the support side. and next Daily we can see another candle with Uptrend.
so I decide to make BUY if EURGBP break the trend line.
My Trade Ideas Today
BUY EURGBP at 0.8640
SL at 0.8570
TP1 at 0.8705
TP2 at 0.8775
TP3 at 0.8840
Lets see
Happy Trading
Smart Trading
Money Management
Disclaimer On
Fundamentals:
Brexit uncertainty may trigger a GBP sell off.
Do note that unscheduled news releases may boost Brexit and GBP optimism which may cause this trade to fail.
Keeping this risk in mind, I advise lowering your position size when taking this trade.
Technicals:
Daily bullish gartley, reaching support
SCANNER CALLS SELL
Primary
- Wait for a break of support (floor).
- Wait for a RETEST (where price closes below the previous level of support).
- Once price confirms support as a new resistance (ceiling), it is safe to enter.
- Price doing this is a continuation of a DOWN-TREND.
Secondary
- Wait for a break of resistance (ceiling).
- Wait for a RETEST...
Price has rejected off the weekly institutional candle that gives me confidence that we can see some bullishness in the future especially after the large drop we recently had. Going down time frames I have found a potential set up coming lower time frames add precision and low risk trade even if it blows past the mitigation candle....
The Euro vs. the British Pound. This pair represent a cross between the two largest economies in Europe, the Euro Zone and the Unites Kingdom. The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two. Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.
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