The price from EG should go very soon to the upside but we have a chance that it will drop lower first.
Not sure what will occur and therefore there is currently no trade opportunity but very soon the price will decide for one direction and we can rock than the market.
What do you think?
It is good to keep a long-term outlook and at the same time, zoom in on the details.
My top chart shows a little over a week in 30m candles. All of that is condensed in only two columns on Point & Figure chart.
Then, when it comes to forex, it is important to compare volume (proxy-volume to be exact) only with relevant sessions today, or in the previous...
Dear Traders , From weekly perspective you can see the struggling of this pair to rally . On Nov 7th weekly candle closes with Clear Bullish Engulfing Candle . This movement already stopped out buyers liquidity few weeks ago and then this bullish candle.....The trade is 1: 2.55 RR with 80pips loss Risk and 210pips profit . Profit Exit of trade on breaking weekly...
Reading price, we can see EURGBP has shifted up it is evident to see by the new higher highs and higher lows being formed. This shift in momentum has also cleared previous areas of interest and is now retesting as support. Price has reacted in the past and we are anticipating that same reaction to .88300, in confluence with the double bottom formation. If price...
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EURGBP is presently bullish on the Daily and rejecting the 50 % fib. If the current daily support holds, price action should push upward back to previous resistance for the bullish continuation.
Be sure to follow the entry criteria rules for your strategy and keep this...
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.
EURGBP / 4H
EURGBP has broken from the consolidation recently with a valid breakout.
we are preparing two scenarios for this pair, and it all depends on how the price
react to the temporary rising channel.
Trade safe,
Trader Leo.
#TradeWithMky
1. short signals in h1 time frame (confirmed signals)
2. short signals in h4 time frame ( approving signals )
actually its better to wait and find good opportunity to enter
but I Guess Can go short right here
✅EUR_GBP is making a local correction
But a support cluster of the rising
And horizontal support levels is ahead
From where I am expecting a rebound
And a local move up to retest the falling resistance
LONG🚀
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EURGBP DAILY CHART
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If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
