The pair has formed a corrective structure which suggests that a double three is going to unfold. One should go short on the pair with SL of 0.8589 and look for the target of 0.83900
Trading Ideas-
Long positions above 0.8393 with targets at 0.8844 & 0.8962
Alternative scenario
If price goes down 0.8393 look for 0.8203 & 0.8087 as targets.
Supports and resistances
0.8203 & 0.8087
0.8844 & 0.8962
Hello Traders,
Hope you all are doing good!!
I expect EURGBP to go Down after finishing this correction.
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...
i booked profits already from top. it could still go down to the support but can give a retrace and go back to the resistance as well use tight stop loss
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8442).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
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...
EUR/GBP
this pair we can see towards sell till 0.84065 almost 36 pips from here so sellers have advantage now for almost 36 pips wew can see buy momentum from there is the conditions meet
Setup Contents:
1. London Session
2. Buy Side Liquidity Stop Hunt
3. Wyckoff Distribution
4. Internal Break of Structure
5. Return to IMBALANCE
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