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Eurgbpsell

SHORT EUR/JPY from .8642Since the middle of last week we have seen all GB P pairs selling off. GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south. Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these at the start of week and plan for when/if the price hits. In the last few hours we can see GBP is rising. WS1 has been hit across several GBP pairs and its clear that there is some BULLISH momentum around. Obviously, if GBP is rising then EUR/GBP will fall. The price has just failed to reach WR1 and its not impossible EUR/GBP BULLS may try to take the price to this level but its also possible that EUR/GBP BEARS will jump on this pair and drive the price south. RSI was as high as 88 a couple of candles ago but now is reading 73. MACD on the lower timeframes is signalling SHORT and the Andean Oscillator sees the red SELL line reading over zero having been flat. The path of least resistance is south and the BULLS have it all to do to push back into overbought to move the price higher. STOP for this is a hard stop at .8650 (8 pips) and the target initially is .8583 which is WPP mid pivot though the I'll close the trade if there are signs of any BULLISH recovery.
Short
by forextraplaces
EURGBP: Exploring a Potential Sell OpportunityCurrently, EURGBP is exhibiting bearish institutional order flow , leading me to anticipate a continuation from the current H1 Bearish Order Block. The objective is for price to reach the Daily Bullish Order Block, our current Draw On Liquidity. This sell opportunity holds a high probability due to the presence of low resistance liquidity towards the downside, facilitating smooth movement through inefficiencies such as Liquidity Voids and Fair Value Gaps towards the Order Block. I have considered taking a Risk Entry Trade off the H1 Order Block, with the Stop Loss positioned at the high of the Order Block. Kind Regards, The_Architect
Short
by The_Archi-tect
3
EURGBP Trade Idea - VideoRegarding the previously posted EURGBP trade idea, this video provides an explanation of the thought process behind considering this trade opportunity. On the 1-hour timeframe for the EURGBP currency pair, the price has broken through the established structure to the downside. We can observe the formation of lower highs and lower lows, indicating a potential bearish trend. The plan is to look for a short entry on a retracement, targeting the previous low levels as indicated by the chart markup. This information is presented for educational purposes only and should not be considered financial advice.
Short
by fxtraderanthony
EURGBP - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, as price started to form lower lows and lower highs, so I look for a short. I want price to continue the retracement to fill the imbalance and then to reject from bearish order block. Fundamental news: On Thursday we have news with high impact on EUR, we will see results of Interest Rate. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EURGBP - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.86000. Fundamental news: On Thursday will see results of Interest Rate on EUR. News with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EURGBP - Time for distribution lower ✅Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: As we can see here price was in a range for the last couple of days and now it manipulated buy side liquidity and rejected from bearish order block. I expect we can see distribution lower for taking sell side liquidity Fundamental news: On Thursday we will see the results of Interest Rate on GBP and EUR. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
EURGBP - Long active ✅Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as price filled the imbalance and took liquidity below equal lows. Fundamental news: Tomorrow will be released yearly CPI on GBP. News with impact on GBP, so pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EURGBP - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement and then to reject from bullish order block. Fundamental analysis: On Thursday will be released Interest Rate on EUR followed by ECB Conference, based on the result and the speech we will see direction for the next couple of weeks. Like, comment and subscribe to be in touch with my content
Long
by Snick3rSD
6