Eurgbptrend
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.
EURGBP: ASCENDING TRIANGLE PATTERN.Welcome members, old and new ones to this EURGBP hourly update.
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Let's get back to the chart.
EURGBP is under the ascending triangle and technically these patterns are a bullish formation that anticipates an upside breakout. So, here's the deal, once EURGBP breaks out of this ascending triangle that is above £0.843, we can enter long. That will be a clear-cut confirmation. Exit the trade if it breaks down below £0.837.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
Wait for a Reversal Impulse to go long!Hi Traders,
Looking at the HTF we are coming approaching the bottom boundary of a Bullish Continuation structure. Price is moving within a descending channel with a potential double bottom that could add confluence to this set up. I will be watching out for a strong Reversal Impulse with a LTF correction for a buy opportunity.
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Follow your trading plan at all times.
Good luck!
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.
EURGBP SHORTS 📉📉📉📉 Expecting bearish price action on this pair as price takes out weekly highs liquidity + d1 imbalance and rejected it with bearish candlestick closure, on the LTF(lowertimeframe) we can clearly see that price is making a bearish market strucutre with lower lows and higher lows bulls lost the momentum and bears are getting it, we have also a lot of inefficient price action aka PRICE IMBALANCES and we should go lower to fill those areas.
What do you think ? Comment below..