Hello Traders,
Hope you all are doing good!!
I expect EURGBP to go Down.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always...
The retest of the Last support and nice pullback towards Orderblock can be seen hopefully by next week...stop loss in place for the best. Break Out of nice wedge.
As we can see that EURGBP is bullish over D1 TF and this has taken a proper correction in H4 TF, so the zone is very good demand zone for this pair.
Stoploss is also mentioned there.
Hello Traders,
Hope you all are doing good!!
I expect EG to go UP after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime,...
EXPLANATION : This is a 15 min time frame chart of EURGBP . It has formed Descending triangle pattern , after seeing this formation I take it early entry and Sl kissed me . Price moves in opposite direction of my Analysis , Now what can I do ?? Respect your SL , No revenge trading , No over trading , Find another opportunity , No gambling . This all things keep in...
1. Based on historical price movement the new price action is forming just same pattern it made few weeks ago. So same following pattern can be seen this time!
2. Also double bottom was spotted on weekly chart.
3. Supply Demand / Flag formation / Wedge formation.
4. Stay tuned for sniper entry.
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ALL THE BEST!
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8563).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Condition:-
1. Daily Channel Formation
2. W formation
3. COT data - 1. EUR ⬆️ 2. GBP ↕️
4. Bullish Momentum
Entry/SL/TP:-
1. Enter the market when price drops back to the entry level
2. Enter on 4hr for better entry
What a awesome trendline breakout and price made new HH structure now price retraced to a major level SNR demand .... Wait for price to make trend reversal pattern and take the entry and SL will be 5-10 pips below demand area....
