Trade Idea - EURGBPEURGBP rallied to just shy of its 200-day SMA. Better risk sentiment today has led to some selling toward the 0.85 round number.
The 200-day SMA resistance as well as the upper trend line of the descending channel has been a key line in the sand which has seen rallies stumble.
If EURGBP pushes higher above the 200-day SMA it could move towards 0.86-0.865 as stops are triggered placed above the 200-day SMA. If omicron turns out to be less important than feared, EURGBP could move lower towards 0.84. Ben Broadbent’s neutral speech today didn’t drop any hints on what the BoE may do at their December meeting.
Eurgbpanalysis
EURGBP SHORTS 📉📉📉We are in a bearish orderblock area on a daily TF, price took out liquidity above buy side liquidity(retail trendline area) rejecting nicely before. This currency pair has a lot of un-filled bullish imbalances that tend to magnetize price back into those areas expect to see bearish price action till 0.84500 / 0.84000
What do you think ? Comment below..
Idea for EURGBP with video with any timeframes still Dropping ?Hi Guys This is my idea for now please press the like button and leave your comment if my idea will be the same as yours and if you like my idea as well please dont hestitate to press like and leave comments ;)
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EURGBP SHORTS 📉📉📉Price should retrace lower after rejecting an important bearish orderblock on h4, price filled all bearish imbalances and right now should be magnetize back above bullish imbalances around 0.84000, best case scenario target is around sell stop liquidity 0.83800 where a lot of buyers hold their stops.
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EURGBP BUY 1000+ PIPS?!!Looking at a long term swing trade for eurgbp.
We have played into a nice weekly orderblock and are showing signs of accumulation on the lower timeframes.
We are at discounted levels right now hence I believe it is a good place to long.
Potential take profits are shown through purple lines.
Risk 1-2%
Potential risk:reward => 1:10+
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
EUR / GBP 0.84733 -0.01 % SHPRT IDEA * CONTINUATION PATTERNS P/AHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE EUR/GBP .
* looking for trend continuation on this pair.
Here is where we started with this one.
- while significant moves with the bulls may change the plan, looking for a break below of structure on this on & continuation.
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURGBP SHORT / SELL $MART-MONEYWe broke structure on a Daily timeframe to a downtrend. Currently mitigating toward the sell orders in a 4H timeframe. Price is failing to create Higher Highs. On the 1H we broke structure to the down side and are currently retracing towards our institutional candle.
Confirmations in this trade:
Fib Retracement leveles 78.6% - 88.6% (Red area)
Institutional move / candle
Mitigation
50% of entire push up prior to the drop. (POI)
Higher time-frame structure
Break of structure in 1H
Risk to Reward over 1:3
Setting sell limits and have alert around area for a sniper entry within a 5m/15m Break of structure. Eyes on distribution in that area
EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EUR/GBP:DOWNTREND| PRICE ACTION| NEW SHORT OPPORTUNITY...Welcome back Traders, Investors, and Community!
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