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EURGBP set up ideas
Member Since Jul 20, 2020
399 posts
Member Since Apr 09, 2019
538 posts
Dec 01, 2022 at 08:53
Member Since Dec 09, 2013
139 posts
The pair has been choppy in the H4 chart. It may find its support around 0.85750. A bullish reversal pattern may push the price towards the North. On the other hand, a bearish breakout at that level may drive the price towards the South.
Dec 20, 2022 at 02:05
Member Since Oct 17, 2018
103 posts
EURGBP
Last set up on this pair for the year i think.
Looking for a Tuesday high to reach above the relative equal highs but for the November high to stay intact. This is the Yellow box i have marked out, form here i will be looking for and sell opportunity to fill in the imbalanced area that formed with the news last week.
Only after intraday moves being the last trading week of the year and all closed out by Friday.
As always Keep a close eye on market structure and remember key entry and price action will be needed.
Make sure you use proper risk management when trading.
Last set up on this pair for the year i think.
Looking for a Tuesday high to reach above the relative equal highs but for the November high to stay intact. This is the Yellow box i have marked out, form here i will be looking for and sell opportunity to fill in the imbalanced area that formed with the news last week.
Only after intraday moves being the last trading week of the year and all closed out by Friday.
As always Keep a close eye on market structure and remember key entry and price action will be needed.
Make sure you use proper risk management when trading.
Member Since Mar 17, 2022
47 posts
Dec 22, 2022 at 08:17
Member Since Jan 21, 2022
57 posts
Pezza posted:keeping an eye on the market is the first step to creating the best risk management strategies to reduce the loss on each trade.
EURGBP
Last set up on this pair for the year i think.
Looking for a Tuesday high to reach above the relative equal highs but for the November high to stay intact. This is the Yellow box i have marked out, form here i will be looking for and sell opportunity to fill in the imbalanced area that formed with the news last week.
Only after intraday moves being the last trading week of the year and all closed out by Friday.
As always Keep a close eye on market structure and remember key entry and price action will be needed.
Make sure you use proper risk management when trading.
Member Since Mar 31, 2021
229 posts
Dec 30, 2022 at 08:11
Member Since Dec 09, 2013
139 posts
The pair seems to have found its resistance around 0.88500. It may end up producing a Double Top there. A neckline breakout at 0.88000 may drive the price towards the south with good bearish momentum.
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