Quick nugget for the people reading — peep the yellow box I highlighted. Everything inside that zone is noise to me. It’s where emotional traders react, not where smart money commits. We’re still inside a bullish leg overall, so buy points remain the consideration.
But — price is also boxing inside a bearish structure. That’s why I’m waiting on a clean mid-term LH break to fully lock in bullish alignment. The HTF narrative is bullish, no question. Now it’s about timing.
I want to see that LH break, a sweep, and a drop into the OB below. Once we hit that area, I’ll drop to LTF to see if the test holds.
Until then — patience is key. Tracking is the edge. Let smart money lead.
EURGBP 📈 Idea Overview: EUR/GBP is showing a strong bullish structure following a Moving Average Pullback and a Triangular Moving Average Breakout Retest. This is a high-probability day trade setup with clear levels. "The Chunnel" is poised for a ride north! 🚂📊
⚙️ Trade Plan (Bullish Confirmation): Pattern: MA Pullback + Triangle MA Breakout Retest Entry: You can enter at any price level during confirmation — ideal on a small retest of support or bullish candle close above MA. 🟢
Stop Loss (Risk Management): Suggested protective stop @ 0.87650. 👉 Note: Dear Traders (Thief OGs) — adjust your SL based on YOUR strategy & risk. I don’t recommend using only my SL. Your trade, your rules! ⚠️
Take Profit: Target @ 0.88200 (strong resistance, overbought zone, possible correction trap — escape with profits!). 👉 Reminder: This is my TP level — you decide when to take profits based on your plan. Trade responsibly! 🧠
📊 Related Pairs to Watch & Correlation Insights: EURUSD 💶💵: Positive correlation with EUR/GBP. If EUR strengthens vs USD, it may boost EUR/GBP. GBPUSD 💷💵: Inverse watch — GBP strength could limit EUR/GBP upside. GBPJPY & EURJPY 🇯🇵: Risk sentiment pairs; JPY weakness can indirectly support both EUR & GBP. DXY (US Dollar Index) 📉: DXY down = potential EUR support = bullish for EUR/GBP.
Still tracking price behavior and respecting structure. Overall bullish trend, but the higher-timeframe objective has not been met yet, so the tracking process remains active.
We’ve already seen mitigation into a stronger HTF order block following the major sweep, which tells me patience is required here. No rushing this phase. Patience is the edge — and every great trader echoes that. One of the ones I truly respect is Jesse Livermore: the market rewards those who wait.
At this stage, price can form any lower-timeframe buy points within this bullish leg as it works toward breaching the lower high. Once that proper breach occurs, I’ll then look to position around a mid-term order block.
If price instead delivers a strong bearish push, that likely opens the door for deeper mitigation into discounted HTF levels, potentially fully mitigating the highlighted zone while structure remains intact.
Until alignment shows up: • No forcing • No early entries • Just tracking and observing price behavior
Patience is the key. Let smart money lead. Let’s go.
🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐
⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️
🙏 I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital — FRNGT 🚀
🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐
⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️
🙏 I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital — FRNGT 🚀
🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅
This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price.
💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐
⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️
🙏 I appreciate you taking the time to review my Daily Forecast.
Stay sharp, stay consistent, and protect your capital — FRNGT 🚀
EURGBP EURGBP — Speak My Mind
