Eg
EURGBP - BEARISH?!EURGBP
WEEKLY on the left: touch of the trendline, expecting decline to key fib level + reversal zone, then rise from there.
12H on the right, evening star formation, also H4 bearish engulfing
Sell positions to kick in soon!
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me
EG - The big ShortEG has been trending downwards within a 4 hour channel for most of 2019.
We can see on the chart here and parabolic movement from the bottom to the top of the channel and momentum is slowing.
This is a long term swing trade - but the RR is huge.
Happy Trading
Big Pip Movements Coming SoonThe Daily zone is congruent with the monthly & weekly resistance zones. I am expecting price to push up into the zone and reverse, since we are in a downward trending channel. However, the possibility of a bullish breakout or overshoot is still there to consider. If this were to happen, I would look for a break of the resistance, retest, and then bullish engulfing to continue this bullish push. Overall my bias is bearish. I believe if this correction rejects big pip movements are to be expected.
Green Lines represent an APPROXIMATE Take Profit Level. Please fine tune on smaller charts preferably 4hour.
EURGBP SELL LIMIT ORDERGE GE WP
1. BALANCE remains BEARISH
2. TARGETS Below ( today and tomorrow full day of news, good time to gather some stoplosses)
3. London is on fire
Easy Trade, set your limit orders and forget about the trade
EURGBP ShortWe've been in this trade Short for a couple of days now and price is continuing to show sign's of exhaustion through strong rejection wicks to the upside. It is an obvious Break of Demand & retest as Supply so the play is as a continuation down to around the 84 threshold. Typically waited for a rejection at previous Daily close area's to signal a reversal around the area of Fibonacci confluence through the previous two drops.
EG BEARISHEG RUNNING A REVERSAL AND BOUNCING OFF MONTHLY RESISTANCE. LET THE TRADE COME TO YOU. DONT CHASE IT
EURGBP Short Weekly/DailyEG on double top weekly setup, and daily bearish triangle formation, price expected to range for some time before making its way to the lower support on the weekly range band. sl = 0.91200
about 1:6 ratio, see tp as partial exits till the end of the range support.
EURGBP short DailyEG has broken heavily to the upside and once again is testing the highs of 2017, price could still surge to 0.91000 range , but if a bearish engulfing daily candle close presents , will be seeing major push to the downside.
This market is presenting a bearish wedge on daily and could break and retest if techs present merit.
EURGBP h4 SHORTEG head and shoulder H4, this is a really choppy pair in its nature, hardly any definitive directional trend.
Price met resistance at what may be the formation of the 2nd shoulder at the same height as that of the first.
It is not a high probability setup, but may prove to be meaningful, as price moving to the upside after having broken the descending weekly channel. So a move to the downside to retest previous significant supports may be in play.
I will go light on it.
Gartley EUR/GBP (Daily chart)Gartley completion around 0.89
Order rate 0.89 but wait for confirmation.
TP 0.8795 (0.5 XA retracement)
EG Short4hr tdi showing consolidation movement
1hr tdi showing going up and OS
pull back to ema then continue the trend down
sellsssss.
39 : Stop loss trade againThis week very hard for me.
I stop this trade because it not going down as planned.
I sell because of it break trend line and lower low setup.
EURGBP hitting resistance from channelDon't see a scenario for an upwards breakout, so short or neutral here. I am short EU 2 lots at this time, so down EU is good for me!
Looking like a bearish bat on EG. It's looking to me like it's going to react to the bearish bat pattern. I am waiting for a retest before the sell.
EURGBP : Sell set up will happen soonPlease aware this
If support zone (red dot line) cannot hold this, it will fall off.
Now I wil sell only of this pair.
Still in downtrend.
EURGBP - Weekly analysisIt just broke the trendline last week.
I think now it's time to Sell. and TP at the support area.
