EURGBP 4 Hour Analysis (9 June 2023)
1. Price is in strong demand area
2. Previous trend broke, but retest might be
there, so we can expect a retest (sudden
bullish move)
3. next for bearish move, we can wait
bounce from MA line.
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...
EURGBP 4 Hour Analysis (1 Jun 2023)
1. Price is in Demand area
2. MACD divergence found
3. we can see strong bear power,
so if price breaks KL2, will go bearish
4. But its the time to get a pull back, also
divergence is supporting the bullish move,
so expecting bullish,
5. Backup plan point 3
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
OANDA:EURGBP
The Analysis of EURGBP Has a potential to break and Move Further.
If it Breaks below the support it has a Potential Sells
If it Breaks Above the Trend Line it has a Potential Buys
Hello traders , 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 price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
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...
Trading involves managing both the technical and psychological aspects of the markets. While technical analysis and risk management are important, the psychological factors such as discipline, patience, and managing emotions play an equally important role in trading success. Here are some insights on each of these psychological aspects of trading:
Discipline:...
Anticipating long on eurgbp cuz dxy is in consolidation which leads us to look for crosses
And eurousd looks stronger and gbpusd is most likely to trade lower which leads me to go long on eurgbp and price is below daily open and inside the London killzone so i pulled the trigger
