Eurgbpanalysis
EURGBP SetupEURGBP is taking support from channel bottom. We are expecting bulls to be active from here and push the price to near resistance zone.
A buy on dip strategy should be adopted with stoploss below the channel support. Trade your levels accordingly.
Don't forget to share your valuable feedback in comment section.
Check our other Forex and Crypto Setup on Profile.
EURGBP UpdateIt's A Classic Asian-London-New York Session Trade
DAY 1 ( Wednesday)
It Starts With Asian Box Consolidation
London Session = M- Formation , Creating A Liquidity Pool (Reversing Downwards)
New York Session = W- Formation , Retracting Upside
Stop Loss : -15 PIps
Target : +50 PIps 🎯
R:R = 1 : 3.33
DAY 2 (Thursday)
It Starts With Asian Box Consolidation
London Session = M- Formation , Creating A Liquidity Pool (Reversing To The Upside), Formed A Trencl-line Phantom
New York Session = W- Formation , Retracting Upside (Expectation)
Stop Loss : -15 PIps
Target : +50 PIps 🎯
R:R = 1 : 3
DAY 3 (Friday)
It Starts With Asian Box Consolidation
London Session = Retesting A Bullish Breaker Block (Showing Willingness To Continue Upside)
New York Session = Continuation To The Upside
Max Stop Loss (For The Two Trades : -30 PIps
MaxTarget : +100 PIps 🎯
Total R:R = 1 : 3.3
Trade Update : TP HIT 🎯🎯
Forex Analysis and Setup on EURGBP | Smart Money ConceptPrice traded up by raiding the buy side liquidity and a turtle soup sell model was introduced into the forex market charts of EURGBP and price ran down by breaking market structure and upon it retracement up created a divergence. So we're expecting price to react off of that order block or supply zone into the lows created earlier
EURGBP REVERSAL ?Hi guys
As you can see , here my analysis for eurgbp as well
we see that area @0.83239 as a strong level since 2016
and also we can see the sideways trend since 2016
and the bullish divergence on stochastic was very clear
i expect eurgbp will bullish at least to 0.85104
how ever we need the best confirmation for this trade as a bullish structure
thankyou
support level : @0.82777
EURGBP meets strong Demand ZoneIn my last 2 ideas on EURGBP here and here I was short, and we went on to see a nice prolonged drop down to almost a 2 year low.
Now that price has touched the lower trendline and 12H RSI has dropped below 30, I believe a short term reversal could be imminent.
Price has also entered a strong Demand Zone that has seen 5 significant bounces from this area in previous years.
To maximize Risk/Reward I'm looking for a small drop further to 0.83175 for an entry point long, setting a stop loss at 0.82471 (which would represent the lowest price since June 2016), and setting a take profit at 0.84834. This represents a 2.35 R trade, which would require a 29.85% success rate to break even.
Note that this is a HIGH RISK trade at 2.35 R and this is NOT financial, trading or investment advice.
EUR/GBP Pattern Trading: Short Term Long Opportunity? Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURGBP long IdeaMy view on EURGBP ist long, cause we will see in short time a break of the bearish trendline followed by
an inverted head and shoulder pattern on 4h timeframe.
We can also see that the price going sideways an build a big support for a possible trend change.
So have a eye on this pair.
Happy trading