EURGBP : is this the time to do 1-2-3-4-5 for upside ?After a whole 1 year from march 2020 to april 2021 , the currency pair EURGBP has shown a corrective structure of three waves , Wave- a , wave-b as a triangular wave, and wave- c of impulse decline. The weekly price action suggests that there is quite bullish reversal chances from the recent bottoms. The evidence can be considered with the help of Bullish reversal candlestick pattern : THREE LINE STRIKE , a channel breakout & a higher higher highs & higher lows in the lower time frame.
One can go long on EURGBP for the targets of 0.88 to 0.9 in the coming weeks.
Forextrading
GBPUSD Where I can Enter? short or Long Position?here we all know about market move in up, down, or sideways. In GBPUSD the situation is like we can expect to move on both sides up or down. but we have to wait for both conditions. the cart analysis is very powerful but we always must use stop loss for our capital protection.
best regard
ButterflyTraders
BHARTIARTL | Range BreakoutIf we take a look at the hourly chart, we'll see that the price fell sharply from 580 levels as an impulse move and started consolidating in the 516-530 range, after which it has given a breakout. But be cautious! The Doji candlesticks indicate that there is still uncertainty. So, wait for a proper bullish indicator to enter. We can expect to see the targets of 540 and 548. Happy Trading!
EURUSD FORECASTED TRADE TAKENEURUSD AS FORECASTED ON MY TRADINGVIEW WALL. EU Ended up filling the criteria for one of my entries types after a slow long wait tonight.
We finally had a nice sweep and series of mitigations to place a limit entry at the very back of my point of interest (the best place to get the entry).
As you can see when you get it right you can have pin point accuracy and get an immediate reaction. Lets see how far we can push the trade now, partials taken to BE the trade.
Live Challenging Signal Buy EURGBP @ 0.84325Live Challenging Signal Buy EURGBP @ 0.84325
Signal Specification
Pair: EURGBP
Entry Type: Buy
Entry: 0.84325
Tp: 0.92074
Sl: 0.82462
R/R: 4.72
Our Unique Features:
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1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
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Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
EURUSD: Bearish sequenceThe poke above the neckline & an abrupt reversal suggests that the move was a corrective sequence against a downtrend. EURUSD should resume the downtrend against the high made in yesterday's session. Any rise should be taken as selling opportunity for minimum target area of 1.1800 region.