EURGBP
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After we've seen the huge push towards trhe upside from the rate hike on pound sterling last week, it would be nice to catch a retracement on the Key Level and fib level in order to continue going up where liquidity lies on the Daily and Weekly supply.
On EURGBP we just broke the lowest low in a downtrend, creating Sow (sign of weakness). We I believe we will retrace back up soon, leaving buyers and sellers in a trapped market. Price could use the liquidity taken to take price higher, Hoping for a mitigation to at the bearish Breaker. The breaker lines up with Equilibrium / Premium of the PDA Matrix. Could see...
Trade Idea (Intraday)
+Looking for any SELL opportunities
+Market phase still on BEARISH mode
+If there any strong rejection near the zone I'll go for SELL
this is the chart of eurgbp you can take advantage of these easy pips make sure it creates 3rd touch on trand line and doesn't break the support area that's why I am taking a small sl
Good luck mate 🥰🥰
On the 1H timeframe, price seems to have made a pattern that resembles an ascending triangle. This is after the bullish run it had about 2 weeks ago. This could be a good indication that there’s still bullish momentum in this pair.
EURGBP was showing a continuous upward movement. But before the close of last week's trading session, it broke a low and retraced successfully.
So we are continuing the downward movement that's been created. Therefore, we'll be looking to take scalp sell positions. Whilst expectingbita to react to out 4H POI.
I've been monitoring this from around 6am UK time and now we have seen the liquidity filled and seen a nice pull back i'm now entering.
If you follow. Use your own risk management but my advise would be no more than 1% risk... Keep your capital safe!
Happy trading :)
Hello Traders! This is the full analysis for this pair! It will include key areas of SUPPORT/RESISTANCE & SUPPLY/DEMAND ZONES. This trade will not be taken if all the entry requirements are not valid. If you have any questions, just comment below. I'd be more than happy to help. Please leave a Like and Comment below if you found this analysis useful.
