Break out the trendline. Bearish in handif you look at the movement of EUR/Gbp on the H4 time frame. then the price has broken the trendline and there is a big possibility that the bearish trend will continue to support. We are looking for a retrace area that occurs in the red area to enlarge the profit ratio.
Eurgbpsell
Jamie Gun2Head - Selling EURGBPTrade Idea: Selling EURGBP
Reasoning: At a previous resistance level - just needs to hold until 9:00pm!!
Entry Level: 0.8581
Take Profit Level: 0.8494
Stop Loss: 0.8602
Risk/Reward: 4.41:1
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DeGRAM | EURGBP sideways resistanceEURGBP is basically consolidating. There are no clear HHs or LLs.
It will be logical to take a short trade at the resistance zone of 0.85250 - 0.85300.
IF price shows signals like a false break or any weakness at that zone, THEN we can sell EURGBP.
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EURGBP-SEL strategyNo change in view.
The stochastic RSI is high and suggesting it will turn and this was the case since 0.8465-70 area. The strategy is still the same SELL current or already short, and place stop-loss above 0.8535 for now. We could add slightly @ 0.8495-0.8500.
Profit target somewhere 0.8367 for now.
EURGBP-SELL strategyI will abort the BUY strategy @ 0.8470 and take small loss on it at current 0.8464. This is also my entry SELL.
The stochastic is negative again, even we are at a low level, but think we may re-test 0.8400-0.8370. The parallel channel is a continuation pattern and this suggest we see lower first. For now as stated SELL @ 0.8464 and take profit @ 0.8370 or lower. Stop-loss @ 0.8537.
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.
EURGBPThe euro is approaching a very important region on the longer-term charts as far as support is concerned. The 0.82 level being tested is a big deal, and if we were to break down below that level, the bottom will follow out of this pair. More likely than not, we will get a short-term bounce, but I would be a seller of that move because without a doubt the euro is one of the weakest currencies that we currently deal with. If we do get that breakdown, it will become a longer-term position.
EURGBP LONGS📉📉📉📉 Expecting bullish price action on EG as price takes out weekly lows liquidity and closing bullish above. We had a strong bearish movement without correction and i expect the price to retrace in the upcoming days, a lot of bearish imbalances were formed around 0.84200 / 0.84700 price area.
What do you think ? Comment below..
EURGBP SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on EG as price takes out all the buy side liquidity above the old highs after ECB bullish news about a possible rate hike this year. Price takes out weekly stops and quickly reverses with a high bearish momentum that could potentially start the selloff, we have also a lot of bullish imbalances that should be filled and those areas can act as a MAGNET for the price to go down.
What do you think about this currency pair ? Comment below..