Eurgbpshort
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 shorts. I expect price to continue the retracement to take buy stop liquidity and to fill the imbalance after that to reject from bearish order block.
Fundamental analysis: We have news events on GBP on Wednesday 19th of April, will be released CPI. Pay attention to the results in order to validate the analysis.
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EURGBP - Re-entry on sell for a RRR of 4.75:1Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
FX:EURGBP been moving quite tricky within our preferred structure. Seeing a great opportunity for re-entry and continue towards our plan.
Risking 2% for 9.5% (I open two 1% risk positions where each is RRR 4.75), I always take amount invested as partial and let rest run.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
EURGBP - Sell idea for a RRR of 4.2:1Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
FX:EURGBP been moving quite nicely within SMC structure. Seeing also a great opportunity for sell from this area to continue its move.
Risking 1% for 4%, I always take amount invested as partial and let rest run.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
EURGBP - SHORT - BEARISHStill on a bearish bias although my SL was hit in my previous order.
If the pair breaks below 0.879, a bearish breakout is likely, followed by a small correction and continued downward momentum to the next major support level.
Will be looking at short positions for this pair for the following reasons.
It has approaching a point of Major resistance in the ranging pattern looking back 3 months.
This is a long-term short swing for me looking forward at least 2-3 months.
Looking to catch a short trade of the rejection from the resistance zone .
I would need to zoom in to get a better entry point, once price rejects from the resistance zone .
Of course this is purely a technical approach.
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management
EURGBP - Short active ✅Hello traders!
‼️ This is my perspective of GBPAUD .
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish order block. We have 2 imbalances lower that have to be filled, so I am targeting those zones.
Fundamental analysis: Tomorrow we have news event on GBP, the release of yearly CPI, the result of this news could invalidate my analysis. As well on Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action.
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EURGBP - Bullish price action ✅Hello traders!
‼️ This is my perspective on EURGBP.
Here I have already opened a long position as price took liquidity below previous daily low and mitigated bullish order block. My target is previous daily high and bearish order block.
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EURGBPEURGBP has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer: