EURGBP set up ideas

Mar 16, 2022 at 06:42
5,294 Views
109 Replies
Member Since Jul 20, 2020   399 posts
Nov 24, 2022 at 18:15
I like the low resistance run too to your orange line. Ill be keeping a close eye on it for sure
Member Since Apr 09, 2019   538 posts
Nov 28, 2022 at 12:39
Interesting to see some weakness creeping into GBP vs EUR based on their respective moves against USD today.
If you can't spot the liquidity then you are the liquidity.
Member Since Dec 09, 2013   139 posts
Dec 01, 2022 at 08:53
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.
Member Since Feb 08, 2019   57 posts
Dec 04, 2022 at 19:56
A very nice double bottom to go long this week, looking for a continuation next week
Member Since Dec 09, 2013   139 posts
Dec 08, 2022 at 17:05
The price has been heading towards the North with a moderate pace in the H4 chart. The price had multiple bounces at the level of 0.85700. It may continue its bullish move to end the week.
Member Since Oct 17, 2018   103 posts
Dec 20, 2022 at 02:05
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.

Attachments:

Member Since Mar 17, 2022   47 posts
Dec 22, 2022 at 05:54
Did it actually rise high on Tuesday?
Member Since Jan 21, 2022   57 posts
Dec 22, 2022 at 08:17
Pezza posted:
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.
keeping an eye on the market is the first step to creating the best risk management strategies to reduce the loss on each trade.
Member Since Mar 31, 2021   229 posts
Dec 23, 2022 at 15:48
I'd say there is a false fall right now. Most of all will be a good rise next week.
Think thrice before opening an order
Member Since Dec 09, 2013   139 posts
Dec 30, 2022 at 08:11
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.

Attachments:

Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.