Structure CHoCH on H2 Occurred. Market Induced Early Buyer to Build Internal Structure Liquidity. Lets Expect Price to Come to Tap Our POI Zone. Wait for MSS (Market Structure Shift) on M5/M15 Then Enter!
As EURGBP is Ranging between Support and Resistance in 1 hour TF. If our Entries are filled, we will have good Risk to Reward Trades.
📈 EURGBP Sideways Trading Strategy! 📉 #Forex #TradingStrategy #EURGBP #TechnicalAnalysis Hey traders! 📊 Here's an exciting trade idea for EURGBP based on the 1-hour chart! 🌐 The currency pair seems to be moving sideways, without a clear bearish or bullish trend. To capitalize on this situation, I have devised two potential trade plans using buy stop and sell...
I am expecting a continuous rise for EURGBP has it has tested support already, there is a breakdown trendline and a pullback is made already. So till Monday to see it play out l.
Preferred direction: SELL Comment: The last trading idea in euro long has fully worked out, and it will be risky to continue holding long to 1.11221, as we noted earlier. Here, one can use partial fixation and transfer to breakeven, who is directly confident in the further upward movement. Now the optimal solution would be to take a break, since the instrument...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85800 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85800 support and resistance zone. Trade safe, Joe.
I will be looking for more discount price with some rejection towards @0.8540-0.8560 to retest demand zone and trendline break out. An entry at the Demand zone will create triple bottom formation and confirmation of a bullish move.
Hey fans i hope you doing well just watch the bottom for price action and take the long position thanks
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85900 support and resistance zone. Trade safe, Joe.
Preferred direction: BUY Comment: After yesterday's macroeconomic statistics, the currency pair dropped sharply to the support level of 1.09623. Such a rather aggressive approach favors a rebound from the level, thereby generating growth for the instrument. Growth from this level is expected in the very near future, as long-term accumulation will already...
Analysis: Breakout of downwards trend (bullish confluence factor) Break and retest of previous resistance (bullish confluence factor) Fib "golden zone" level (bullish confluence factor) Break and retest of downwards trendline (bullish confluence factor) EUR strongest major currency (bullish confluence factor) GBP 2nd strongest major currency (bearish...
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
The price has reached the end of its long-term correction and is expected to rise to at least half of its previous wave
Dear colleagues, yesterday there was a strong movement that broke the entire strategy. Today, I anticipate that the price will experience a strong correction towards the area of the 50% Fibonacci retracement level at 0.86121. Then, it is possible that short positions will continue. Manage your capital correctly and competently! Only enter trades based on reliable...
Hi Guys Hope you well. According to the previous analysis, the price was able to move up from the support zone. According to the chart, I expect such a move. The analysis is in the high time frame and only shows the way. For trading, you must have your strategy in the low time. SecondChanceCrypto ⏰25/JULY/23 ⛔️DYOR Always do your research . If you have any...
Price is hovering above our buy entry at 0.8599, and this is at the key support level, in alignment with the 50% fibo retracement and 61.8% fibo projection level. Take profit is at the previous multi-swing high level, at 0.8685. Stop loss is at 0.8540, at the overlap support level and right below the 78.6% fibo retracement level. Please be advised that the...
EURGBP is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.85975 Why we like it: There is a pullback support that aligns with a confluence of Fibonacci levels, namely the 50.0% retracement and 61.8% projection Stop Loss: 0.85351 Why we like it: There is a pullback support...
EURGBP is falling towards a pullback support that aligns with a confluence of Fibonacci levels i.e. the 50.0% retracement and 61.8% projection. Price could hit the buy entry at 0.85976 and potentially reverse to bounce higher. Take profit is at 0.86848 which is a recent swing-high resistance. Stop loss is at 0.85415 which is a pullback support that aligns under...