EURGBP - FOREX - 03. FEB. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bullish reaction and pressure
4 HOUR
Prices at previous resistance, looking for a turn now.
DAILY
Overall Bearish market and price action with a pullback to the upside.
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FOREX SETUP
SELL EURGBP
ENTRY LEVEL @ 0.84720
SL @ 0.85090
TP @ 0.84000
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Eurgbpsell
EUR/GBP patterns on 4hrs candleFor this pattern to be valid we need a couple of more 4hrs candles to put Stoch RSI in overbought position then it is ready to break the channel since MA7 is not strong recently to break MA50.
Again, IF EVERYTHING BE NORMAL! NO STRANGE FUNDA OR NO CORONA VIRUS KILLS ANY FAMOUS PERSON!
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
Looking really good. I believe that EURGBP is going to start climbing to the upside. First I would like to see a nice pull back and a clean rejection off support giving us a good entry. Watching very closely. Definitely at the top of our watchlist.
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
Bit a push to the upside, looking really good. I am not going to rush into anything. Like gold and oil you really need to respect pound pairs as they can move very violently. Its still early in the week so we need to be patient. I would like to see a nice pull back down giving us a good opportunity for a clean entry! Definitely on the watch list. Keeping a close eye on this
EURGBP SWING SELLAs mentioned in the friday's video watchlist price restested perfectly the descedign weekly TL that lines up with previous structure retest,daily support leavign a big weekly shadow behind failing to break above the 0.8600 area so right now im shorting this pair after a 3rd wave atleast to the 0.8400 area
EurGbp to retest 0.84 figure?From the middle of August, EurGbp is in a clear downtrend. The pair reached a low at 0.83 and corrected upwards.
The correction reached 0.86, a previous consolidation zone.
As long as 0.86 zone holds we consider the downtrend still intact and a retest of 0.84 support is probable.
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
As mentioned keep in mind that we have pound news today. This pair is definitely looking good. As I said in the last video I would like to see EG push up a bit and give us a nice clean rejection off resistance then we could look to take a trade.
EURGBP - LONGReason
1.) Price reversal at 0.83 tells me that some big volume is buying at this price.
2/) SMA20 starts showing some strength in an up trend.
Note; Long term is still in a downtrend, thus trading should be cautiously monitor or SL.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
TRADE with CARE !!!
EURGBP AnalysisEURGBP Analysis
wait for breakout or rejection
*Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!
Tradewithsam
How To trade Divergence in a high Time frame Daily or Weekly , When a Price make a pullback from a Major Level, you should wait a re test for a second times on law time frame
if you see that trend on chart is up and on indicator is down that's mean a divergence
you should place your First TP on the first Support on law time frame.and finaly you need to place your Stop Loss above 20 PIPS the higher Price
Newt Time i will explain, how to place TP2 and TP3 using another indicator
EUR/GBP: MONTHLY & WEEKLY TREND ANALYSIS.In the name of Allah, the Most Gracious, the Most Merciful.
EURGBP IN MONTHLY TIME FRAM MARKET HAS hit 2009 HIGH LEVEL MORE CHANCES TO FOLLOW DOWNTREND NOW.
IN WEEKLY TIME ZONE MARKET IS FOLLOWING CHANNEL PATTERN WHICH HAS BREAK DOWNSIDE, SO IN MONTHLY
AND WEEKLY TIME ZONE MARKET IS BEARISH.
IN DAILY TIME ZONE IT LOOKS LIKE MARKET WILL DO PULLBACK TO CHANNEL SUPPORT TO RETEST AS A RESISTANCE.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example; you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.