Eurgbp has broken a recent keylevel & has pullback to form a deep retracement, I'll be looking to go short on the price rejection of the trendline + close below 8 EMA
EURGBP on the monthly chart has reached a very important level around the 0.91 area where market has been always rejected.
On the weekly chart (lower left) we can see that price couldnt create new higs and close the last candle with a lower low on the break of the support structure.
Daily chart show us a price moving towards the 0.89 area with a possible minor...
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💡 EURGBP technically based idea, we can see price is bounce from bottom trend line, strong bulish candels...
After our last idea on this pair EURGBP seem to take a bearish direction.
Market respected perfectly the resistance structure and never break above it.
Currently the market is pushing to the down side and broke the acending channel between the blue trendline
IF we will see a clear break below the weekly support we can set a nice short order according with...
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 EURGBP technically based idea, we can see price is bounce from top trend line, technically indicators...
EURGBP has recently lost momentum and couldnt make new highs.
Market Is very close to a top monthly resistance level (purple) which has never been broken.
AT the moment on the daily chart we have 2 possible scenarios:
IF the price will break above the daily structure we can set a short therm long order with low risk being very careful at the monthly...
Another textbook entry Long in EUR/GBP at 0.89512, utilising our multi-timeframe strategy, combined with Wyckoff and Institutional Order Flow!
We used a slightly wider stop loss on our original position of -10 pips, however as always with our 'advanced self-review' we establishe we could have refined our entry and actually executed this position at a better...
Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Market consistently below main sr level.
4 HOUR
Great short entries following mid term trend.
DAILY
Overall sideways waving market structure, expecting to push down.
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FOREX SWING
SELL EURGBP
ENTRY LEVEL @ 0.90200
SL @ 0.90490
TP @ 0.89790
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels -...
Price is approaching our first support in line with our 78.6% fibonacci retracement and 161.8% fibonacci extension where we could see a bounce above this level. Stochastic is showing signs of bullish pressure as well.
Price is approaching our first support in line with our trend line and fibonacci confluence where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well.
Hello Fam!
The pair is inside of the range, retest of the upper boundary was not successful, so we should now go visit the mid line of the range, and then lower boundary.
Good luck to you!
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