Selling EURGBP for 100 pips at the start of the year First of all, a very happy new year to all the followers. Hope the pips will be with you in 2023 just like it has been with us in 2022.
We ended 8 months with a neat profit of 26.3% despite the market being in turmoil. The main reason for this is because we follow the trend and trade accordingly with tight stop losses. We took a break from posting in the last one month but hope to bring you good ideas in 2023 as well.
The first trade is the EURGBP sell. It is at a high and ended quite close to the December 2022 high of 0.8869.
We have placed a short based on the harmonic pattern with a 50 pip stop loss and targeting 100 pips. We will have to wait for the market to open up tomorrow to see a good movement here.
Good luck!
Eurgbpshort
SELL [EURGBP]EURGBP Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's SHORT
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What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
- Orderblocks
EURGBP - MEGA PUMP in spring - summer 2023📈I used a system of triangles, I selected several zones, yellow, green and white.
The green zone is an uptrend.
Yellow global consolidation.
White intermediate consolidation in front of the green zone.
the fractal that I highlighted in purple can be viewed in more detail on 1d and superimposed on the weekly chart of what is happening now.
about the numbers that I described on the chart, 113, 911/116 / 999, etc., look for the answer on your own, it all depends on your intelligence
EURGBPEURGBP is moving exactly according my previous analysis and beautifully achieved our targets ( tagged here we can see market is at strong resistance level and also overbought in h4 and small time frames.
Here I expect some retracment back or bearish move before continuing uptrend.
If market reject from resistance ( marked) then sell for good target with small risk.
Please trade safe and must use stop loss
EURGBP - SHORTWill 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
eurgbppotential nice set up for a Quick scalping rejection 10-30 pips seems like a decent scalp set up.. remember this is for educational and demo purposes please feel free to drop any questions comments or anything regarding my analysis!! i beleive as a community we can all do better to help one another grow!
information is shared for educational and demo purposes only, if you decide to trade in the financial markets please use proper risk management and NEVER trade in with money you cant afford to loose 100% off!
EURGBP. Forgot to publish, but this trade is LIVE!Forgot to do this last night, but this tagged me in and I am active. Didn't have a great week last week, and with not many trades taken this week, this will probably be my last trade and analysis for the week.
You can see target level but will trail stop with supertrend...
EURGBP, one more leg higher.Hi Traders,
Price has bounced off the 0.857 level multiple times failing to break lower which we saw a strong impulse breakout of a descending channel followed by a bullish continuation pattern.
Looking for Euro to continue to upwards to a strong area of interest around 0.875
Trade Safe
Thanks
EURGBP - Bearish continuation ✅Hello traders!
‼️ This is my analysis on USOIL .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue bearish price action after mitigation bearish orderblock. My target is sell side liquidity below equal lows.
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EUR/GBP Running In 80 Pips 0Drawdown As Usual ,New Entry Added This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/GBP Running In 50 Pips 0Drawdown As Usual ,New Entry Added This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Attention! SHORT EUR GBPGood morning, I leave a forecast of what could happen in eur gbp in the next few hours after the market opens.
Possible retracement to 61% fibonacci levels to then continue its downtrend.
1H charts
Intra-Day Bearish Trade
ECONOMIC CALENDAR (GMT -3) PLEASE CHANGE TO YOUR SCHEDULE
IMPORTANT - 16:30 EUR Appearance of Lagarde, president of the ECB