After Marking up my charts on the Daily Time Frame I realized that Price was at the bottom of a channel at 0.85209. Price then consolidated and retraced to a Stronger Daily Supply Zone. MACD was showing strong a Divergence directly at the channel. Once i seen Momentum in the upward direction I waited for Price to Cross the 20 EMA. Entered and set the Stop Loss at 0.84971.
Chart Type : Candlestick, Monthly Chart, Pattern : Ascending Triangle Pattern. @forex Bullish View. Eurgbp Target : 0.9300, 1.30580+++ SL : 0.84900 Risk is yours and Reward is too yours totally
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...
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...
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...
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...
Hello Traders, Hope you all are doing good!! I expect EG to go Up after finishing 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...
As you can see EUR/GBP is in a down trend . It has break of structure , sweep of liquidity . We can take a short trade at the previous supply zone .
EURGBP is trading in ascending Rectangle. Resistance and Support levels are respected as shown in chart. Now price is at Resistance level. RSI showing overbought too. Full confirmation is there, setup your trade. Going to show some correction. Tell your opinion in comments!!
Wait for breakout and enter. Before entering the trade do your own research.
When it comes to the technical analysis of EURGBP, you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If the price breaks Target 1, you may keep the position till Target 2. If you are going in, better find a pullback. I have marked a good entry area on...
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. Follow for more 📊 ALL THE BEST!
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
EURGBP Long R/R: 1:4 Feel free to share your opinions in the comment!
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....
EURGBP Long R/R: 1:5 Feel free to share your opinions in the comment!