I had my analysis, market seems to break lower lows, and changes its trends to Long side, but it is not what it looks like. Price has made liquidity in h4 timeframe, and the price has approached the Supply zone. You can go short rom here and manage your stop losses accordingly. #Happy_Trading
✅ EURGBP was able to make a Bump-and-Run Top Pattern . 🔨 EURGBP Broke the support line a few hours ago, and now it is on the Run phase of the Bump-and-Run Top Pattern. 🔔I expect the EURGBP will fall at least to the 🟢Support zone🟢 in the next hours. Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your...
hi dude gbpeur is near supply zone and good short position for 1:4 even 1:8
Basic dow theory in play so my stance is bearish. All TPs are given on the chart
For the time being, the pair has just past the middle trend of its rising channel and has touched its falling trend. (+) 1.17 level will be the target for the future. Apart from that, 1.20-1.21 levels should be followed if the price wants to touch the upper point of the channel. (-) However, if prices come back from here, 1.12 will be a significant boost...
News being dropped on the eur today got back a few lower numbers than expected and a lot of countries being on quarantine in Europe because of the coronavirus we are going to short from the 4 hour structure line which is yellow to the monthly structure which is the brown line !
this pair broke major trend lines, but I think it could be an exaggeration from the pair FX_IDC:GBPEUR we could see a break on the candle we're trading just now, think there is some more consolidating to go. trade safe
Now that we know we have a bit of an extension until April 12th, but that will be extended into May if Parliament passes Prime Minister May's deal she made with the EU earlier in the month which had already lost by a staggering 150 votes. That's quite a bit to make up in 20 days. Overall, I'm now quite negative on every pound pair. Here's more words and charts on...
Looking for a tiny squeeze upwards to a major resistance zone, Then looking to place sell orders If I see a change of direction resisting that TOP & even more so if RSI is still in overbought territory. Comment below & let me know what you think!