EURGBP-SELL strategyThe EURGBP had a strong up move, and we are nearing cloud resistance 0.8467. The current candle seems a Doji or evening star.
Judging the quick move, and the number of sessions it took, I feel selling may be a good idea now.
Strategy SELL 0.8450-0.8460 and place stop-loss near 0.8487. Profit order 0.8378 for now.
Eurgbpshort
EURGBP SELLPossible sell already executed and analysed. Expecting FIB38 on reversal but please be cautious. Areas of interest are placed on the chart, please instruct either a buy or sell based on EMA and TL. Remeber, it's friday and Retail YOY has already been announced with a negative reading, EUR has to fall today and over the next week for sure. TECH AND FUND line up.
EURGBP Monthly PD ARRAYS Calling EURGBP
We Have Price So Close To The Monthly PD Arrays ( Imb/Order Blocks)
On The Monthly Timeframe We Have Price Inefficiency (Liquidity Void )
We Looking To Fill That
Considering That There Equal Lows In The DAILY
We Also Have Equal Lows On The WEEKLY
Trade Setup Framework
We Look At Bearish PD Arrays Checklist
Old High Taken ✔️
Bearish Breaker (In Progress)
Bearish OB (In Progress)
Bearish Mitigation (BB ,In Progress)
Imbalance ✔️
Type Of Trade
We Taking This Trade As A Continuation Trade
Forex Analysis and Setup on EURGBP | Smart Money ConceptPrice traded up by raiding the buy side liquidity and a turtle soup sell model was introduced into the forex market charts of EURGBP and price ran down by breaking market structure and upon it retracement up created a divergence. So we're expecting price to react off of that order block or supply zone into the lows created earlier
SUPPLY AND DEMAND - EURGBP (2-8 Jan 2022)MN Trend:
Short opportunity
D1 Chart:
Zone to short from once MN price zone is removed