Based on Simple Technical Analysis ( Trendline + Support & Resistance )
POW reversal strategy in use here for this trade. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trades can be seen on chart also. As with every idea trade history...
It's late on but I thought I would end the night sharing some trades I still find myself in come end of the day. POW EDGE trend strategy in use for this EURGBP trade. Entry details are shown on the chart the trade has been live since 20:00 UK time. Working the H1 time frame here and we're only looking for TP3. Previous trades can also be seen on chart and...
Currently price is sitting at the bottom of a channel. It's likely we'll see a rally before further decline in which I'll be looking to hop in short.
Shorting eurgbp will be huge profit,dont miss it thank you.
Hello,Traders! EUR-GBP is trading in a downtrend And the pair broke anothere horizontal key level recently Then we saw a retest of the broken level And a nice bearish reaction Now, I am expecting bearish continuation And a move down towards the local target below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
sell short can continue if trend has a continuation be active about that have a good weekend
Possible Roller Coaster on EURGBP Bullish 1hr candle leads me to believe WE ARE GOING UPP wait for price to retrace to .5 and catch that roller coaster ride later (" -LarenzoYouDork
Sell eurgbp should continue to push down sell now! Small risk bigger reward
The pair has been falling since the 12 of November 2021. The price managed to break critical support levels like 0..85355, 0.84725 and 0.84202. Even thought the price managed to close below level 0.84202 on the 17th I’ve been expecting buyers to act. I don’t see the price continuing with a further downward movement. Looking at the picture below we can see that the...
The first target: the middle of the channel The second target: the top of the channel
Price at a strong demand zone with a clear bullish pattern, we looking to the upside.
➡️ The EURGBP currency pair will most likely continue its downward path. Fundamentally, the Pound is supported by expectations of a rise in interest rates, prices in the UK are rising and people are more willing to spend. One of the reasons the key rate is still at its lowest is because of the risk to the labor market. The rate hike will lead to a rise in the cost...
#simplepriceaction, #MSB, #expansion, #order block, #reversal, #risk-reward, #money management .... only for practice
#simplepriceaction, #MSB, #expansion, #order block, #reversal, #risk-reward, #money management .... only for practice
> Price below the cloud > Price below baseline and 200EMA > ADX showing short > QQE showing short
Daily Sell stop liquidity taken which is an institutional level, then another minor sell stop taken in 1hr which confirms we should expect a bullish move. However, a w pattern was created in the 15mins time frame which broke structure and retested the 15mins Orderblock and confirmed the long setup
It is expected that the price will move up to the specified resistance level while maintaining the specified support range, and then a correction will be formed in the trend, and the continuation of the trend needs to be re-examined.