price currently filling the gap,
im waiting for that one last push down before the upside retracement starts aroung 0.86929
also expecting for a sell trade above
0.87316
Potential down trend continuation on EURGBP due to a price bouncing off of a validated trend line and coming into contact with a previous support about to turn resistance.
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I want...
Just picked up a long trade on EURGBP after EU data came out better than expected by the market. I decided not to take the trade on EURUSD because of the inflation rate data coming this afternoon. EURGBP is still in a uptrend on the daily timeframe and did a nice pullback on the 4 hour to enter long.
Employment data and ZEW economic sentiment came out stronger...
Eurgbp Looks Bullish A Bearish Triangle Just Breakout And Now Market Will Move Towards Last High To Liquidate The Sellers.
Follow me and like the idea.
Price could fall to our buy entry at 0.8688, which is a pullback support level, aligning with the 61.8% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.8669, which is beyond the 78.6% fibo retracement. Take profit is at 0.8719, which is a swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high...
Price has grabbed liquidity at near equal highs.
Broke the upwards trendline and going into retracement. Fib 100% extension of impulse move to next liquidity support.
May target beyond equal lows but conservatively we can take profit at the equal lows for a 1:2 risk reward
Short : 0.87171
SL : 0.87278
TP: 0.86965
Market Structure Bullish on Higher Time Frames
Weekly and Daily AOI are pips Apart so Entry in the medium of both Weekly and Daily.
Strong Previous Weekly push AOI at the Retest of the weekly Break Reaction Candles on the Daily
Note :
Trade Safe , And Enjoy Likes and Comment And Give us Some Support
This asset is there to find sales. We can place the market order at the current price or program it in the marked area. A stoploss of 27 pips and a take profit of double 54pips.
On EUR/GBP is nice to see strong buying reaction from the price 0.87 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Strong rejection of lower prices + Uptrend...
Market Structure Bullish on Higher Time Frames
Weekly And Daily AOI are Pips Apart so
Entry in the median of both Weekly and Daily
Strong Previous Weekly push
AOI At the retest of the Weekly Break
Rejection candles on the Daily
Market is creating HLs on the Daily
Retest of the H4 Trendline
H4 EMA Retest
SL Outside of the Weekly AOI
Exit on the next Daily...
Head & Shoulders PATTERN!!! Enter SHORT in EUR/GBP.
Please do not forget to tip me after you close your position!!!
Thanks in advance.
#EURGBP #forextrader #forexsignals #forexprofit
Same plan, structure broken with a nice FVG, wait for break of buy side liquidity for safe entry or from FVG at trend line; that's my personal plan. No financial advice
