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.
Eurgbptrade
EURGBP Analysis: Going to make a LL?HTF shows there is strong bullish OB reaction so far. But price made a LH. Maybe it breaks the prev high after rejection from the current D Bullish OB.
Note: The previous BOS to the downside hit the bullish OB, and we expected a RTI. That's where the LH was made. So the likelihood of a LL to follow makes sense.
The dynamics of price flow and market sentiment at play!
We'll see.
EurGbp- New leg up?After the recent low at 0.8450 zone, EurGbp has had a first leg up, reaching my 0.86 target.
A correction followed and this seems to be over and the pair found a strong floor at 0.85
A second leg up could be underway and the pair can reach 0.8650 resistance
Buy dips is my strategy
EURGBP - Trade Idea Add this on to your watchlist.
Are we going to see the trendline hold. I am more biased to setup A as we have higher amounts of rejection from the Fib zone, we are not testing to break the lows from the sideways move.
I would like to see the pair shift direction to the downside as the GBP grows in strength.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful .
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