As per our previous analyses:
EURGBP is ready for a nice short opportunity. As stated multiple times, the medium term structure on the daily timeframe indicates that the price is going to test the 0.8054 area to complete said structure.
As of Friday's market closing, the price was breaking out of a small 60min upside trend, making an ideal opportunity to short, for those who did not have a sell order in coincidence with the -0.27 Fib. If you aren't in the sell from the top or from the break and prefer to use a more conservative trading approach, wait for a first impulsive movement to the downside, wait for it's correction, and sell the break of said correction.
Trade with care and only with a backtested strategy that works for your trading style.
Please don’t forget to like and follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
EURGBP is ready for a nice short opportunity. As stated multiple times, the medium term structure on the daily timeframe indicates that the price is going to test the 0.8054 area to complete said structure.
As of Friday's market closing, the price was breaking out of a small 60min upside trend, making an ideal opportunity to short, for those who did not have a sell order in coincidence with the -0.27 Fib. If you aren't in the sell from the top or from the break and prefer to use a more conservative trading approach, wait for a first impulsive movement to the downside, wait for it's correction, and sell the break of said correction.
Trade with care and only with a backtested strategy that works for your trading style.
Please don’t forget to like and follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
Note
Note
Sell the break of the flag, stop above flag structure. Target in the 0.8054 area: excellent R/R ratio.Note
It is breaking all structures. We hope this one is the one that goes.Note
If you aren't yet in the sell, watch for the break of this trend line, in the 4hr or 60min timeframe (minimum). Wait for the break to happen on an impulse to the downside, let the impulse complete itself, allow for a small 60min upside flag/correction of said impulse, and sell the break of the correction. Trade with care and only with a backtested strategy that works for your trading style.
Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.