EURGBP Bearish Trading Idea
Updated
Disclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice.
https://www.tradingview.com/x/3gDvlLxh/
On the weakly timeframe, the pair was going lower steadily without leaving any supply zone unmitigated. The only imbalance the market left was at the start of 2024, which was later mitigated on May.
https://www.tradingview.com/x/D3opAloC/
On the daily timeframe, we are bearish, shown by the recently created change of character (CHoCH).
https://www.tradingview.com/x/7ElFXP0E/
On the 4 hour timeframe, we made a new CHoCH leaving an imbalance to be mitigated.
https://www.tradingview.com/x/7ElFXP0E/
On the 1 hour timeframe, I've highlighted a demand zone to be mitigated, I'll be buying in this area up until the highlighted area of interest above, from which I'll be looking for sells.
https://www.tradingview.com/x/3gDvlLxh/
On the weakly timeframe, the pair was going lower steadily without leaving any supply zone unmitigated. The only imbalance the market left was at the start of 2024, which was later mitigated on May.
https://www.tradingview.com/x/D3opAloC/
On the daily timeframe, we are bearish, shown by the recently created change of character (CHoCH).
https://www.tradingview.com/x/7ElFXP0E/
On the 4 hour timeframe, we made a new CHoCH leaving an imbalance to be mitigated.
https://www.tradingview.com/x/7ElFXP0E/
On the 1 hour timeframe, I've highlighted a demand zone to be mitigated, I'll be buying in this area up until the highlighted area of interest above, from which I'll be looking for sells.
Note
I forgot to add the 1 hour timeframe.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.