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Eurgbpanalysis

EURGBP LONGEURGBP bounced from the support level on the WEEKLY time frame, Also there is a breakout on the upper trend line on the H4. we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
EURGBP Monthly PD ARRAYS Calling EURGBP We Have Price So Close To The Monthly PD Arrays ( Imb/Order Blocks) On The Monthly Timeframe We Have Price Inefficiency (Liquidity Void ) We Looking To Fill That Considering That There Equal Lows In The DAILY We Also Have Equal Lows On The WEEKLY Trade Setup Framework We Look At Bearish PD Arrays Checklist Old High Taken ✔️ Bearish Breaker (In Progress) Bearish OB (In Progress) Bearish Mitigation (BB ,In Progress) Imbalance ✔️ Type Of Trade We Taking This Trade As A Continuation Trade
Short
by Prof_Invests_ZA
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 🎯🎯
Long
by Prof_Invests_ZA
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.
Long
by HayeTrading
21