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Eurgbpsell

EUR/GBP Trade AnalysisHello guys! Hope you are well. I spend a few hours to get a better picture of possible movement coming this week. First of all, we are in selling pressure (correction) already 9 days and around 600 pips. Probably this or next week we will complete correction and probably we will have another impulse UP. We have to keep that in mind to avoid bad trades and mistakes. My current situation is 2 open SHORT trades with around 150 pips profit. I'm preparing myself for 3 possible movements in the coming few days: 1. (Red) Price reacted to 0,89 level and this is completely fine, I was expecting to see such a movement. This level is in the middle between two strong levels 0,90 and 0,88. I think we will see now a small correction and the price will continue to drop. 2. (Green) We can see a bigger correction from 0,89 level up to 0,90 for retest that level. That's why I moved my second position SL to BE, to avoid negative positions. My first position will stay the same, looks like if this movement will happen I will be in a safe area. After all, if the price will reach 0,90 level I will change my TP to 0,89 area to avoid a double bottom pattern. 3. (Yellow) This movement has less probability to happen, but if it will the price has to brake 0,90 strong level and I want to see how it will brake. So basically everything depends on momentum. If it happens I want to see how it will happen. There is a chance that buyers coming. Let's see what this week can give us! If you have any questions don't hesitate to contact me. ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
EUR/GBP SHORTThis is the perfect time to SELL this pair. The chart retested the support level. I'm in this position right now! DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
1
EUR/GBP SHORTOk. Looks like we have on more impulse to down. I will wait for some mini bounce back to retest previous support level and from there I will open SELL position with 5:1 risk ratio. Let's see what chart sign will give us. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
EUR/GBP SELLHello! Ok, so what I'm expecting right now? There is my opinion on this pair. You can see clearly in the chart what I'm expecting, just need some confirmation. There are 2 ways how it can work: Pattern: Ascending channel and after it will brake trend line we can sell it. Price can reach 0.93 level and then it will go down. Let's how it works and be patient till chart will give you a perfect sign when to open position. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
EUR/GBP SHORTThis chart looks really good! Be patient and let the chart form a pattern. I will try to find an entry for a SHORT position. Actually everything you can see in the chart. Please make sure you will wait for a good signal. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
2
EUR/GBP SELLHello again! So after a retest (marked black), I took one more trade, so now we are with 3 trades in profit! I'm pretty sure that all positions will take TP, if not I already move SL to breakeven to save my profit. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
1
EUR/GBP Retest 0.92Hello again! We can see clearly that price retested 0.92 level (marked blue) and i open another sell position with 5:1 risk ratio. Previous position break-even SL was moved to 70 pip profit, so if the price will go against us we will be in profit anyway. Let's see how it will develop. Have a great evening guys! ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
EUR/GBP Break even and SELL again Hello, Quick update. We already in 100 pips profit, the perfect time to move SL to break even and wait another confirmation to sell. You can see in the chart what move I'm waiting for. If it will repeat my analysis I will open another SELL position 5:1. Wait for confirmation! Be patient and remember the long term situation in the chart. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
EUR/GBP SELL Opportunity for quick tradeHello, There is a good opportunity to SELL this pair. At least 3:1 risk management. Good trend line structure and how momentum reacts. If it brakes structure we will start looking for BUY opportunities. Don't forget it's a risky entry because in long term EUR should reach 1.10 price, the chart can go against you, follow the trend. But if you like me, you can have that risk by thinking about the possible reverse. Keep that in mind. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
2