Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Bearish break below main sr level. 4 HOUR Price broke our area and retesting it right now. DAILY Overall strong waving market, expecting a push to the downside. - FOREX SWING SELL EURGBP ENTRY LEVEL @ 0.90840 SL @ 0.91310 TP @ 0.90170 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels -...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.91). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.91). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
EURGBP rebounded from strong supply zone at level 0.9140 Price is based below HVN at level 0.9108 which indicates that pair is in distribution phase Below SMA 100 We r waiting price to break next support level at 0.9080 to open short trade It's expected for price going down towards key level at 0.90000 then finally target demand zone at level 0.8940
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
🔸 4H CHART EXPLANATION: . . 🔸Price is moving on an Ascending Channel. . 🔸It has broken the Resistance Zone. . 🔸Right now it is on a consolidation, which we are waiting to be broken to the upside before considering a long trade. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
EURGBP rebounded from supply zone at level 0.9125 which corresponds to 78.6% Fibonacci level MACD shows bearish momentum It's expected for coming bearish wave to first target HVN at level 0.9039 then finally target demand zone at level 0.90000
Nice short trade taken earlier today on EURGBP. The pattern is a double top with a nice break of the neckline displayed by the black trend line. Chart patterns are one of my favourite trade set ups.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9095). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9095). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!