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.
OANDA:EURGBP With this big opportunity BIG REJECTION PULL BACK BREAK OUT OF DESIRE STRUCTURE
EURGBP is in the sideways market, I see a potential trade to take a long trade because there is a correction happening.
The current correction is expected to be completed within the specified support range and then we will see the continuation of the upward trend.
The price from EG should go very soon to the upside but we have a chance that it will drop lower first. Not sure what will occur and therefore there is currently no trade opportunity but very soon the price will decide for one direction and we can rock than the market. What do you think?
It is good to keep a long-term outlook and at the same time, zoom in on the details. My top chart shows a little over a week in 30m candles. All of that is condensed in only two columns on Point & Figure chart. Then, when it comes to forex, it is important to compare volume (proxy-volume to be exact) only with relevant sessions today, or in the previous...
Dear Traders , From weekly perspective you can see the struggling of this pair to rally . On Nov 7th weekly candle closes with Clear Bullish Engulfing Candle . This movement already stopped out buyers liquidity few weeks ago and then this bullish candle.....The trade is 1: 2.55 RR with 80pips loss Risk and 210pips profit . Profit Exit of trade on breaking weekly...
Reading price, we can see EURGBP has shifted up it is evident to see by the new higher highs and higher lows being formed. This shift in momentum has also cleared previous areas of interest and is now retesting as support. Price has reacted in the past and we are anticipating that same reaction to .88300, in confluence with the double bottom formation. If price...
Welcome back! Please support this idea with a LIKE and COMMENT if you find it useful. ***** EURGBP is presently bullish on the Daily and rejecting the 50 % fib. If the current daily support holds, price action should push upward back to previous resistance for the bullish continuation. Be sure to follow the entry criteria rules for your strategy and keep this...
I'm waiting for price to drop lil and just shoot/continue going up.
Looking to sell EG to daily demand and then buy from there. Structure has been broken. Time to sell Selling off from the last mitigation candle.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURGBP / 4H EURGBP has broken from the consolidation recently with a valid breakout. we are preparing two scenarios for this pair, and it all depends on how the price react to the temporary rising channel. Trade safe, Trader Leo.