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.
Eurgbptrend
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..
EURGBP SHORTS 📉📉📉📉 Expecting bearish price action on EG as price takes out buy side liquidity aka retail resistance, the move was very inefficient i call this a bubble move and price should retrace lower to fill those imbalances 0.83688 and 0.83507.
There is also a possibility that price will take out weekly highs and fill d1 imbalance before moving to the downside and this is why i moved my stop way higher.
What do you think ? Comment below..
EurGbp- Bullish Engulfing to mark reversalIn my previous EurGbp analysis I said that 0.83 should be strong support for the pair and, after a very short dip under this level, EurGbp has reversed strongly, leaving a large Bullish Engulfing on our daily chart.
This very well can be the start of a medium-term uptrend for the pair and 0.87 can be bulls target.
Dips under 0.84 should be bought and only EurGbp under yesterday's low would negate this scenario
EURGBP LONG EURGBP forming a great channel and bouncing back from the important support zone.
Great time to go long in this pair with a R:R of approx. 1:6.5+.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.