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Eurgbpshort

EUR / GBP 0.84738 + 0.81% SHORT IDEA * PRICE ACTION & CONTINUATIHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE EUR/GBP . - In the past week the pair played to the T into the bias of retracing before continuation - Here's where we where last week. - now we are currently trading at 61.8 % fib upon close on Friday. * looking for trend continuation with the bears on this pair. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
EURGBP SHORT / SELL $MART-MONEYWe broke structure on a Daily timeframe to a downtrend. Currently mitigating toward the sell orders in a 4H timeframe. Price is failing to create Higher Highs. On the 1H we broke structure to the down side and are currently retracing towards our institutional candle. Confirmations in this trade: Fib Retracement leveles 78.6% - 88.6% (Red area) Institutional move / candle Mitigation 50% of entire push up prior to the drop. (POI) Higher time-frame structure Break of structure in 1H Risk to Reward over 1:3 Setting sell limits and have alert around area for a sniper entry within a 5m/15m Break of structure. Eyes on distribution in that area
Short
by nonstopkev888
EURGBP - Bearish BiasEURO - Weak Bearish 1️⃣ Lack of raw material supply in the European Zone could cause disruption to economic recovery. 2️⃣ Germany’s IFO Business Climate declined to 97.7 in October, the lowest level since April 2021, lower than market expectations of 97.9. 3️⃣ The ECB is expected to maintain its dovish stance in its October meeting, but investors will be monitoring the latest statements on Tapering and forward guidance on the economy and inflation. GBP - Strong Bullish 1️⃣ BoE Governor Andrew Bailey said that the central bank needs to act not as quickly as possible amid increased risks to medium-term inflation expectations. 2️⃣ Investors are now predicting that the BOE will raise interest rates by 25 basis points in the next meeting with a probability of 62%. ===== Technical ===== EURGBP has broken the support levels. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Short
by MonsunAsia
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