EUR/GBP : ENTRY OPPORTUNITY|SWING TRADING| SELL SETUP 🔔Hello Everyone, I hope you'll Appreciate our Entry opportunity !
Our strategy is based on Swing trading.
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Eurgbpsell
EURGBP - Breakout TrapBefore breaking out we created a smooth support level for breakout buyers to place their stops at.
This of course got purged before continuing higher.
Now that the majority of liquidity has been taken from this area we should see the next fluid move to the upside.
I want to see how price rejects at this current level, my only concern is the weekly low nearby that may want to be taken out.
I will keep you all updated.
EURGBPHello Traders Welcome back to another profit day
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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 chance for a sell
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys
EUR/GBP Trying To Close Below Our Res And Short Setup HereThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/GBP Full Analysis And 2 Short Setups Available To CATCH ! This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/GBP Finally Will Close Below Our Supp, New Short Setup HereThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURGBP sell in progress🤞🙏Morning traders.
We start the day with a EURGBP short trade that has started overnight.
Entry details are shown on the chart.
In slight draw down as we speak but lets see how this plays out.
We're only looking for TP3.
Strategy is slightly above 1:1 RR but coupled to a great win percentage which has equalled nice consistent gains.
The scripts built in strategy tester shows this is the most effective way to trade this pair on H1 time frame.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
EURGBP, Sellers Doesn't Seem To Have Given UpPrice appears to be face struggles to recover from the 2 week low.
While the break from the ascending trendline could help sellers to attack the monthly bottom at around 0.856 price level
Key Factors:
-Price had broken out the ascending trendline with a relatively strong bearish momentum
-Consolidating at two-week low
-Rejections at the previously broken out support ~ current resistance near the 0.382 Fib
Entry Conditions:
-Selling at Resistance Zone near the 0.382 Fib level when further rejections are presented with a more prominent confirmation
-Short Term Buy if price breaks Resistance Zone and 0.5 Fib level with retest and direction confirmation at new support
Potential Targets & Important Levels to Look at:
-Downside movements towards and around 0.856 level
-Cautions at 0.5 Fib level, as a bullish break could change the short term bias
GBP/JPY - Pound Bullish on BoE Rate Hike Expectations
Fundamentals
Key Points:
1. Markets are expecting UK Inflation to overshoot the central banks' 2% target and reach 3.35% in the coming years.
2. UK 10 Year Bond yields have been rising as a result of high inflation expectations.
3. Against countries like Japan, Switzerland & Germany the UK 10 Year Government Bond Yield is more attractive for investors causing money to move into the UK from these countries and the pound has been getting stronger against all three currencies as a result of the UK's Bond Yield rising.
4. The Bank of England said on May 27th that if people are moved off furlough back into work at a faster pace than previously expected, The Bank of England may be forced to withdraw some of its monetary stimulus and potentially raise interest rates as inflation will rise as the demand for goods and services rise from employment and the re-opening of the economy.
5. High levels of employment will boost price pressures at a time when inflation is already expected to be high from supply shortages caused by the pandemic.
6. This scenario means the central bank will be forced to act and withdraw its monetary support to curb inflation by reducing its bond-buying program, causing the price of bonds to decline and pushing up the Yield due to their inverse correlation.
7. A rate hike would also cause UK short-term rates to move into a profitable carry trade against currencies like the Japanese Yen & CHF & EUR.
What To Watch
Employment Data
Rate Hike Expectations
UK Bond Yield’s
Trade Idea’s
EUR/GBP - SELL
GBP/JPY - BUY
GBP/CHF - BUY
Technicals
GBP/JPY - Key Resistance ¥160.00
GBP/CHF - Key Resistance 131.000
EUR/GBP - Key Support €183.500
ATR Volatility
GBP/JPY - 4.76%
GBP/CHF - 4.06%
EUR/GBP - 3.72%
EURGBO: very profitable short on 4hHi Traders,
This is my view on this pair for the next few days
#EURGBP
SELL 0.868
SL 0.8711
TP 0.851
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen