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Welcome traders.
By choosing to "Follow", you can stay updated with the latest information promptly. Kindly consider clicking "Boost" as well.
Wishing you a pleasant day.
SEPT #4
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...
FX:EURGBP
As you can see that, EURGBP has created a Trendline resistance in 1Hr Time frame and if it gives breakout then we can plan for buy side. Take retest entry and it is for monday ( 31-07-2023) Plan your trade accordingly...
EUR/GBP has rallied on the one hour timeframe after forming a bullish divergence on the chart. It is now back to a very strong resistance zone. The pair is already looking quite stretched and with a strong resistance nearby it is quite likely to retrace from here for a decent trade.
EURGBP Expectations: UK Inflation and BoE's Decision this Week
On Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps...
FOREXCOM:EURGBP
...............here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more SMC to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules...
The current market price of EURGBP is sitting at support area.
Considering the previous Daily price action, the price is forming lower highs into the support area which means buyers are not strong enough and sellers are rejecting any jump in price.
The current price actions is forming a DESCENDING TRIANGLE, which is a bearish pattern. But it will be activated only...
EURGBP testing the trendline while it has already broken in OCTAFX broker , check it out with focus
Take a long postion with a risk/reward ration of 1:3 .
Also COT data is in favor:-
EUR - 163,338 Net positions
GBP - 2,398 Net positions
While many short positions has been closed in GBP , but it still may go long before a reversal
Hey Traders, hope you all are enjoying our ideas and analysis. Let us discuss EURGBP here.
We can observe Breakout from the parallel channel in 30 minutes timeframe.
We came up with Sell Trade with Risk:Reward ratio is 2.6 .
Sell at 0.87947, with SL 0.88196 and Target 0.87330.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own...
market after filling the 4h supply selloff heavily broken some significant structures downside left open heavy imbalance above so my idea is just to buy from a point of interest to fill those imbalance then to sell with confirmation.
as you can see from the picture that market after filling the 4h imbalance below hold it and show some nice rejection but it is not...
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