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EUR/GBP Wedge Breakout (06.05.2025)The EUR/GBP Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 0.8476 2nd Support – 0.8463 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
21
EUR/GBP DESCENDING TRIANGLE BEARISH PETTERNCurrent Price Action: The pair is hovering around 0.8300, with support near 0.8280. Bearish Confirmation: A sustained break below 0.8478 could target the 55-day EMA at 0.8455, reinforcing the bearish outlook. Market Sentiment: The broader trend suggests that the rise from 0.8221 may have completed, meaning further downside movement is possible. Technical Indicators: Volume contraction within the triangle indicates weakening bullish momentum, increasing the likelihood of a bearish breakout. Target Levels: If the breakdown occurs, the next major support lies near 0.8221, which was a previous low. Trading Strategy Entry Point: Consider short positions if EUR/GBP breaks below 0.8478 with strong volume confirmation. Stop Loss: Place stops above 0.8527, which is a key resistance level. Profit Target: Initial target at 0.8450, with extended downside potential toward
Short
by Zickey_11
2
EURGBP SHORT FORECAST Q2 W19 D7 Y25EURGBP SHORT FORECAST Q2 W19 D7 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W19 D6 Y25EURGBP SHORT FORECAST Q2 W19 D6 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EUR/GBP "The Chunnel" Forex Bank Heist Plan (Scalping/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/GBP "The Chunnel" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk YELLOW MA Zone. It's a Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place sell limit orders within a 15 or 30 minute timeframe most nearest or swing, low or high level for Pullback Entries. Stop Loss 🛑: 📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (0.85400) Day/Swing trade basis. 📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 0.84000 💰💵💸EUR/GBP "The Chunnel" Forex Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇 📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets and Overall outlook score..., go ahead to check 👉👉👉🔗🔗🌎🌏🗺 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
EURGBP SHORT FORECAST Q2 W19 D5 Y25EURGBP SHORT FORECAST Q2 W19 D5 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W18 D1 Y25EURGBP SHORT FORECAST Q2 W18 D1 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
Shorts for EURGBPFX:EURGBP Previously, we mentioned about the price having potential to react off the daily swap zone after falling from the daily resistance zone. However, price gave us only about 100 pips, before failing and breaking down below the daily swap zone. Since price previously reacted off the high time frame daily resistance zone, the break below of the swap zone signals continuous push towards the downside. Currently, price has reached the demand zone and price has rebounded. This zone may be seen as insignificant because, from the bearish price action, we expect it to eventually break below the demand zone and continue the downtrend towards the daily demand zone.
Short
by CandleCipher
EURGBP SHORT FORECAST Q2 W18 D30 Y25EURGBP SHORT FORECAST Q2 W18 D30 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W18 D29 Y25EURGBP SHORT FORECAST Q2 W18 D29 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅5' order blockS ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W18 D28 Y25EURGBP SHORT FORECAST Q2 W18 D28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅4 Hour order block ✅Intraday bearish breaks of structure to be created ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W18 Y25EURGBP SHORT FORECAST Q2 W18 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅4 Hour order block ✅Intraday bearish breaks of structure to be created ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
5
EURGBP LONG FORECAST Q2 W17 D25 Y25EURGBP LONG FORECAST Q2 W17 D25 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly imbalance filled ✅Tokyo ranges to be filled ✅4H order block rejection ✅intraday bullish breaks of structure 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top.
Long
by JCFRGNT
1
EURGBP SHORT FORECAST Q2 W17 D3 Y25EURGBP SHORT FORECAST Q2 W17 D23 Y25 Summary - Weekly Orderblock - 15' Orderblock Requirements - Setup A) Await 15' breaks of structure - Pull back short from created 15' order block - Setup B) Lowertime frame break of structure via current available 15' order block - Setup C) Break and retest via 15' order block created upon the break of structure. 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W16 D18 Y25EURGBP SHORT FORECAST Q2 W16 D18 Y25 Fun Coupon Friday ! SUMMARY - Trading areas identified - Long position via 4H order block + weekly wick imbalance fill alignment. 15' breaks of structure required prior. 15' order block to be created post 15' break of structure. B set up. - Short position via weekly order block 15' order block identified.15' breaks of structure required prior & lower time frame break of structure + turn around in price actions. A Set up FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W16 D16 Y25EURGBP SHORT FORECAST Q2 W16 D16 Y25 Morning All, A short forecast to begin a monday morning! Weekly order block rejection to start the week. Bullish pressure visible therefore as always, we await confluences prior making an assumption. In addition, we accept another reason for the trade to play against us - the weekly wick high, there is always a chance this is filled prior the turn around in price action however, if a break of 15' structure is presented, that risk will be accepted. Happy to get involved in either of the set ups illustrated- set up 2 is clearly the "risky" trade of the two BUT did we ever forget our role is to manage risk. Set up two however have an added confluence of Tokyo range to be filled, pulling price action short. I trust the chart analysis is becoming self explanatory. Let's see how EURGBP plays! FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W15 D11 Y25EURGBP SHORT FORECAST Q2 W15 D11 Y25 Good day Traders! Take a look at this potential short setup on EURGBP! It has indeed been a slow week, perhaps we can capitalise on some price action to gain Fun coupons on Friday ! Price action currently sat in the higher time frame order block. For us that means our directional bias is against current trends however, as always if we see shifts and signs in that bullish pressure. Our management skills come into play. We are currently forecasting a rejection form the weekly order block that was created Christmas week of 2023 of which shifted price action below 0.86607 until now. Let's see if we price will come to us in a way of bearish price action. More info on this setup later. FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 D9 W15 Y25EURGBP SHORT FORECAST Q2 D9 W15 Y25 Welcome back Traders! Here's my take. We have two points of interest here. As always you know how we look into every play. It is imperative we have a turn around of price action prior getting involved even more so when the point of interest is not an order block. My reasoning behind selection of the weekly/daily highs is simply due to how it aligns with market structure. IF we break the most recent Asia lows from that point of interest followed by a pull back into an order block that would have been created and left behind as a result. The short position will be entertained. With the above said, in reflection I am already having second thoughts but feel free ti dive into the way I chart and analysis. Would I risk capital from simply a high? It does not seem "smart". The above is scrapped and we must wait for price action to enter into the daily order block. Let us await a reaction from the area and again, show signs of a turn around. Await for 1'/5' break of structure and lower time frame order block creation. THEN! We arm our capital and take the short position for what I can foresee will be a worthwhile risk to reward. Trade well! FRGNT X
Short
by JCFRGNT
EURGBP: A Potential Short Opportunity Amidst ConsolidationEUR/GBP daily chart reveals a compelling narrative of consolidation followed by a potential bearish reversal. The pair has been trading within a defined range, bounded by key horizontal support and resistance zones (highlighted in blue). The recent price action suggests a rejection from the upper resistance zone, setting the stage for a possible short trade. Key Observations: Range-Bound Consolidation: The chart clearly shows EUR/GBP oscillating within a well-defined range. This pattern indicates a period of indecision, where neither buyers nor sellers have established a clear dominant trend. Resistance Zone Test and Rejection: The price recently revisited the upper resistance zone. The subsequent price action, characterized by a sharp downward move, suggests a strong rejection from this level. This rejection is a critical signal that sellers are stepping in, potentially reversing the recent upward momentum. Bearish Engulfing/Pin Bar Formation (Possible): While the chart doesn't explicitly highlight a candlestick pattern, the sharp rejection from the resistance zone suggests the formation of a bearish engulfing or a pin bar on a lower timeframe. This pattern reinforces the bearish bias. Retracement and Entry Opportunity: The price has retraced a portion of the recent decline. This retracement presents a potential opportunity to enter a short position, capitalizing on the anticipated continuation of the bearish move. Support Zones as Targets: The lower support zone serves as a primary target for the potential short trade. The intermediate support level (around 0.83727) can act as a partial profit-taking zone or a point to trail the stop loss. Pattern Identification: The dominant pattern observed is a range-bound consolidation followed by a potential bearish reversal triggered by a rejection from a key resistance zone. Trade Setup: Entry: A short entry can be considered at the current price level (around 0.85021-0.85129) or on a break below the immediate support level (0.84772). A more conservative approach would be to wait for a clear bearish candlestick pattern confirmation on a lower timeframe (e.g., H4 or H1). Stop Loss: The stop loss should be placed above the recent swing high (around 0.85867) to protect the trade from unexpected price reversals. Take Profit: The primary target is the lower support zone (around 0.82537-0.82218). An intermediate target can be set at the 0.83727 level. Risk-Reward Ratio: The potential trade offers a favorable risk-reward ratio, with a relatively small stop loss and a significant profit target.
Short
by ultreosforex
4
EUR/GBP (1H) – Rising Wedge Breakdown & Short Trade Setup1. Overview of Market Structure The EUR/GBP pair is forming a Rising Wedge Pattern, a well-known bearish reversal formation, which suggests that the current uptrend may soon reverse into a downtrend. The price has been moving within a tightening range, making higher highs and higher lows, but the upward momentum appears to be weakening. A breakdown from this wedge is a strong bearish signal, indicating that sellers are gaining control, and a significant price drop is expected. 2. Chart Pattern: Rising Wedge – Bearish Reversal A Rising Wedge is a pattern that occurs when price moves upward within a contracting range. This pattern typically forms after an uptrend and suggests that bullish momentum is slowing down. Characteristics of the Rising Wedge in This Chart: The price has tested the upper resistance zone multiple times, but each attempt has resulted in a rejection. The lower support trendline has been tested frequently, showing that buyers are losing strength. The breakdown of the wedge signals a strong bearish move, with price expected to drop toward key support levels. This pattern becomes valid once the price breaks below the lower trendline, confirming the bearish outlook. 3. Key Technical Levels & Zones A. Resistance Zone (0.84853) – Strong Supply Area Marked as a Resistance Zone, where price has struggled to break through. Sellers have stepped in around this level multiple times, preventing any further bullish movement. Acts as a major stop-loss level for bearish trades, as a breakout above this zone could invalidate the setup. B. Support Zones (Potential Take-Profit Targets) 1st Support Level (TP1) – 0.82539 This level has previously acted as strong support, where buyers have entered the market before. A short-term pullback or consolidation may occur here. 2nd Support Level (TP2) – 0.81332 This is the final bearish target, marking a key demand zone from where price has bounced in the past. If bearish momentum continues, price could reach this level, making it an ideal take-profit zone for swing traders. 4. Trading Strategy & Execution A. Entry Strategy A short trade is ideal after the price breaks below the rising wedge pattern. There are two possible entries: Aggressive Entry: Enter immediately after the breakout of the lower trendline, anticipating strong downside momentum. Higher risk as price might retest the trendline before moving down. Conservative Entry: Wait for a retest of the broken trendline before entering short. This confirms the breakdown, reducing false breakout risks. B. Stop-Loss Placement Stop-loss should be placed just above the resistance zone (0.84853). This prevents being stopped out by minor pullbacks before the actual move happens. C. Take-Profit Targets TP1: 0.82539 (First major support level – potential profit booking area) TP2: 0.81332 (Final bearish target – strong demand zone) 5. Risk Management & Trade Management Risk-to-Reward Ratio (RRR) This trade offers a high RRR, making it an attractive setup. The stop-loss is small compared to the potential downside move. Trailing Stop Strategy A trailing stop can be used to lock in profits as price moves lower. If price reaches TP1, move stop-loss to breakeven to secure capital. If price reaches TP2, close the trade for maximum profit. Exit Strategy Exit early if price fails to break key support zones. Monitor price action around TP1 & TP2 for signs of reversal. 6. Sentiment Analysis & Market Context Bearish Confirmation: Breakdown from the wedge signals bearish sentiment in the market. If price fails to sustain above support zones, further downside is likely. News & Fundamentals: Major economic events or interest rate decisions could impact EUR/GBP volatility. Traders should check for UK & Eurozone news before entering the trade. 7. Conclusion – Bearish Outlook The Rising Wedge breakdown is a strong short-selling opportunity. Confirmation is key: Enter short after the breakdown, use proper risk management, and aim for TP1 & TP2. If price invalidates the pattern by breaking above 0.84853, the trade setup should be reconsidered. This setup provides a high-probability bearish trade with a well-defined stop-loss and risk-to-reward ratio.
Short
by GoldMasterTrades
EUR/GBP Triangle Pattern - Bearish Breakdown SetupProfessional Analysis of the EUR/GBP Chart This EUR/GBP (Euro/British Pound) daily chart from OANDA, published on April 3, 2025, highlights a key technical setup based on price action analysis, chart patterns, and support/resistance levels. 1. Market Context: Accumulation & Transition to a Triangle Pattern Curve Zone Formation (Rounded Bottom): The market initially exhibited a rounded bottom structure (curve zone) from July 2024 to February 2025, indicating a gradual accumulation phase. This phase often signals a shift in market sentiment, where sellers lose dominance, and buyers start stepping in. Breakout from Accumulation: After reaching the support zone (~0.8250 - 0.8300), price rebounded sharply in March 2025, confirming strong buyer interest. However, it failed to sustain upward momentum near the resistance zone (~0.8470 - 0.8500), leading to consolidation. 2. Formation of a Symmetrical Triangle Pattern Lower Highs & Higher Lows: Price action began forming a symmetrical triangle, a classic consolidation pattern that typically precedes a strong breakout. The market is currently trading near the apex of the triangle, indicating that a breakout is imminent. Potential Breakout Direction: Symmetrical triangles are neutral patterns, meaning they can break either upward or downward. However, the price structure and resistance rejection suggest a higher probability of a bearish breakdown. 3. Key Levels & Trading Setup Resistance & Support Zones: 🔴 Resistance Zone (~0.8470 - 0.8500): This area has repeatedly acted as strong resistance, where sellers have consistently pushed prices lower. A breakout above this zone would indicate a bullish invalidation of the current bearish bias. 🟢 Support Zone (~0.8250 - 0.8300): This level has held price multiple times, acting as key support. A break below this zone would confirm bearish momentum, targeting lower price levels. 4. Bearish Trade Setup 📉 Entry Strategy (Short Position): Wait for a confirmed breakout below the triangle’s lower trendline (~0.8320 - 0.8350). A retest of the broken support turning into resistance would provide the best short entry. 📌 Stop-Loss Placement (~0.84764): Positioned above recent highs and the resistance zone to minimize risk. This ensures the trade is protected against potential false breakouts. 🎯 Profit Target (~0.81190 - 0.81134): The projected move aligns with historical support levels, making it a logical target. This level represents a previous market structure where buyers stepped in. 5. Conclusion & Trade Considerations ✅ Bearish Bias: The price action and pattern suggest a higher probability of a downside breakout. ✅ Defined Risk & Reward: A well-structured stop-loss and target level ensures a solid risk management strategy. ✅ Watch for Confirmation: Traders should wait for a confirmed breakout before entering a trade to avoid false moves. 📊 Overall Verdict: A high-probability short setup is forming, with a clear entry, stop-loss, and take-profit strategy. If the market respects the triangle breakdown scenario, this could lead to a significant bearish move toward the 0.81190 target.
Short
by GoldMasterTrades