You can see in the chart that the pressure on the buyers has been limited, and since two days ago, the price has not been able to cross the range of 0.8755. Therefore, if the buyers do not succeed in taking control of the market again, it is possible that the price will return to the range of 0.8700 and 0.8686.
EURGBP Short (Analysis at 1 hour) 1)Short trigger at 0.87201 if price come at LH (Horizontal , trendline Resistance) TP , SL mention in chart ,RR 1:1.15 For confirmation of short , see bearish candles at 30 min timeframe 2)Also we can Short at 0.86957 if price break support ,retest and make LH
i must admit ,if you traded my prev analysis. price hit my sl . but thats the game . im sorry to those who traded that analysis. if it gives you any consolation im willing to show my loss private .if interested. now the update im focusing on the bullish momentum but also willing to take bear retracement down to the unmitigated zone
looking for sells back down to daily support entry triggered on a 4hr orderblock
Price tapped into our order block and shifted structure on the lower timeframe. Price also took liquidity and creating a strong supply zone to sell at.
The trend is clearly upwards and prices are close to support. Under these conditions, theory would suggest a bullish continuation. This is precisely the strategy I have in mind for the pair.
EURGBP exhibits a valid bearish market structure in the 1-hour timeframe, as illustrated in the chart. This structure begins after the price tested an important daily resistance and was subsequently rejected. With this ongoing bearish move, we are inclined to take sell positions in this pair as long as the current structure persists. Upon closer examination, the...
sell rentry if you had missed the first one . please if you have a query regarding my post. i will be happy to have a discussion. but im waiting for price to drop so it can fill up that gap 0.86892
It is expected that a corrective and fluctuating trend will be formed, and after the completion of the corrective pattern, we will witness the beginning of an upward trend If the price can cross the level of 78.6%, the correction process will continue
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.
Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want...
Eurgbp might go for sell for short time. its trade against daily trend. treat it cautiously.
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...