EURGBP ANALYSISEURGBP ANALYSIS
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Eurgbpshort
EURGBP - Trapped YouThis pair trapped sellers as expected and is now making a strong bullish move to wipe stop losses. If we remain above the key structure marked we can target the prior highs, If we managed to piere through the key structure once again, we can look to target the bearish key level marked.
EURGBP SHORT a very simple concept a correction then go short
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EURGBP Short Trade IdeaIn this Trade Idea we have set up here on EURGBP we see a clear "M" pattern forming. However, because of the weekend and Holidays this is just a trade idea that is set up. When the market opens we could see some crazy Gaps either up or down.
EURGBP SHORTHello traders
EURGBP is under a bit of selling pressure and I believe we might see it go down a bit more.
If we break the 0.898 mark and go down, then the short is more likely. Wait for price return to return to around 0.9 to validate the short. After both requirements have been met, enter a sell.
We might see price going as low as 0.88, however, the path of least resistance is to 0.89 first. Have your take profit targets at 0.89 and probably at 0.88 if price continues going down. Place your stop loss at 0.908.
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EURGBP Yet To Break The Supply Zone!!! As we can see, I have identified a supply zone for EURGBP. (Red Zone) Looking at daily candle, we can see several candles managed to close within this supply zone with no signs of breakout yet. For now, I am expecting a rejection from this level bringing price level back to the demand zone or 50.0% -61.8% fib level. For that to happen, we have to look out for a breakout at an important support level @0.9085. This will be a confirmation for our trade.
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GBP/AUD Possible bearish momentum to 1.74773 LevelWe could expect a possible pullback to Price 1.77818 , before a strong bearish pressure to at least 1.74773 level.
EURGBP 0.90262 +0.02 % SHORT IDEA * BREAKOUT & PRICE ACTIONHey everyone
Here's a look at the EURO / POUND one choppy chart perfect opportunity for aggressive traders and intra-day traders hope everyone is good and you're having yourself a good one, now the EURO / POUND has had some nice volatility coming from all fundamental aspects but the structure was the and the pair was trading in a ascending channel which saw a break and the retest of structure now looking for a continuation of this move, currently trading in a bear flag possibly signalling continuation with the bears,.
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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EURGBP M15 S&R ShortEURGBP is bearish on higher timeframes.
We have broken through minor support and retested major support.
Since overall momentum is bearish, I thought of this idea for a short into the previous low.
~1:2.5 RRR
