EURGBP set up ideas
Oct 04, 2022 at 20:33
EURGBP
Looking at a short term sell idea, this pair broke up strong during last weeks news events but as you can see we have started forming a bearish structure on the 4 hour TF.
We have broken the bullish trend line and taken the lows on the left. From here I will be looking for price to push back up over night back in to the premium side of the market and in to the marked out FVG looking for a move in London or New York session tomorrow.
Targeting liquidity at the 0.85000 area, then see what we do from there.
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.
Thoughts on the markets at the moment?
Looking at a short term sell idea, this pair broke up strong during last weeks news events but as you can see we have started forming a bearish structure on the 4 hour TF.
We have broken the bullish trend line and taken the lows on the left. From here I will be looking for price to push back up over night back in to the premium side of the market and in to the marked out FVG looking for a move in London or New York session tomorrow.
Targeting liquidity at the 0.85000 area, then see what we do from there.
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.
Thoughts on the markets at the moment?
Anhänge:
Oct 11, 2022 at 06:38
The pair reacted at 0.86500 several times. It had a bounce at that level last week as well. However, the buyers are not confident to push the price towards the North with good momentum. The price may come back to that level again. Watch our for the price action around the level to find its next route.
Oct 11, 2022 at 19:05
EURGBP Trade update.
This is the same set up as I was looking at last week on EURGBP.
As you can see this pair has come back up to the middle of the range an has consolidated all week. We did tip above the 50% level on 1 candle last week but no set ups formed,
I have added the news data for tomorrow and you can see there is GBP - EUR and USD news tomorrow with FOMC in the evening this could be a clear driver for points of interest and market moves.
With this in mind I will be watching the markets for set ups around this time.
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.
What are your thoughts on tomorrows news?
This is the same set up as I was looking at last week on EURGBP.
As you can see this pair has come back up to the middle of the range an has consolidated all week. We did tip above the 50% level on 1 candle last week but no set ups formed,
I have added the news data for tomorrow and you can see there is GBP - EUR and USD news tomorrow with FOMC in the evening this could be a clear driver for points of interest and market moves.
With this in mind I will be watching the markets for set ups around this time.
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.
What are your thoughts on tomorrows news?
Anhänge:
Mitglied seit Jul 20, 2020
399 Posts
Oct 17, 2022 at 15:53
Looked like a classic break and retest to me, will be keeping an eye to see if it comes into a sell model down to the last area of support
Oct 18, 2022 at 09:12
The pair seems to have found its support around 0.86000. It may end up producing a Double Bottom if it makes a breakout at 0.87100. A Double Bottom and the neckline breakout may attract the buyers to go long and push the price towards the North with good momentum.
Mitglied seit Mar 31, 2021
229 Posts
Oct 21, 2022 at 16:10
The EURGBP has fallen heavily over these days. But I expect a reversal next week. It has already begun, but it is unlikely that the situation will change much a few hours before the end of this trading week.
Think thrice before opening an order
Mitglied seit Jul 20, 2020
399 Posts
Oct 23, 2022 at 12:24
Rococo_XVII posted:
The EURGBP has fallen heavily over these days. But I expect a reversal next week. It has already begun, but it is unlikely that the situation will change much a few hours before the end of this trading week.
I do too, its just about the next PM and if that will provide some stability going forward. Really hope it gives a clear direction
Mitglied seit Apr 09, 2019
538 Posts
Oct 25, 2022 at 13:20
You'd want to see a proper breakout though as it is likely to get manipulated before hand before showing true direction.
If you can't spot the liquidity then you are the liquidity.
Oct 25, 2022 at 19:28
EURGBP short term set up this week.
Looking for GBP to find some strength this week against the EUR.
With the new PM in place and the current set up. EUR failed to make a new high so will be looking for a short term sell set up to form and break back down in to the wick low.
As you can see this would fit the fib but there is also an area marked above that i will watch if we continue to drive up.
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.
Thoughts on the markets at the moment?
Looking for GBP to find some strength this week against the EUR.
With the new PM in place and the current set up. EUR failed to make a new high so will be looking for a short term sell set up to form and break back down in to the wick low.
As you can see this would fit the fib but there is also an area marked above that i will watch if we continue to drive up.
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.
Thoughts on the markets at the moment?
Anhänge:
Oct 28, 2022 at 12:29
The pair made a good bearish move and found its support around 0.86000. If it makes a bearish breakout at this level, the pair may get very bearish and make a stronger move. However, a bullish reversal pattern may attract the buyers to go long.
Mitglied seit Mar 31, 2021
229 Posts
Oct 31, 2022 at 12:34
I'm looking at the D1 chart now and I see a wave-like movement. It looks like a bearish trend. Therefore, I expect the EURGBP pair to fall even lower in the coming days.
Think thrice before opening an order
Nov 01, 2022 at 13:51
EURGBP
Looking at the current markets and the liquidity drive for this pair i can see bias for a short term buy set up.
With the interest rates for GBP and USD set to come out will be a good driver for the markets.
I will be looking to get in this set up for the short term looking at a 1/2 risk trade for each trade idea.
This idea would break the 4 hour trending patten and take out sellers liquidity. form there we will see what the market gives us.
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.
Thoughts on this pair at the moment?
Looking at the current markets and the liquidity drive for this pair i can see bias for a short term buy set up.
With the interest rates for GBP and USD set to come out will be a good driver for the markets.
I will be looking to get in this set up for the short term looking at a 1/2 risk trade for each trade idea.
This idea would break the 4 hour trending patten and take out sellers liquidity. form there we will see what the market gives us.
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.
Thoughts on this pair at the moment?
Anhänge:
Nov 08, 2022 at 11:53
EURGBP
Looks like this pair came up nicely and cleared out the sellers from the previous highs, form here i am not looking for this pair to come back down to the discount side and back in to the FVG gap.
as you can see we are looking to sweep the previous range and on to an area of interest along with 79% of the fib level.
If this comes in to play at the right trading session we will have 3 confluences to enter the set up.
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.
Looks like this pair came up nicely and cleared out the sellers from the previous highs, form here i am not looking for this pair to come back down to the discount side and back in to the FVG gap.
as you can see we are looking to sweep the previous range and on to an area of interest along with 79% of the fib level.
If this comes in to play at the right trading session we will have 3 confluences to enter the set up.
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.
Anhänge:
Nov 15, 2022 at 11:58
EURGBP
This pair is pulling back and slowing down, coming up and cleared out the sellers from the previous highs, I feel with the low resistance area marked up we could see this pair target higher liquidity before coming back down to the FVG and taking out the internal liquidity.
As you can see we are looking to sweep the previous range and on to an area of interest.
If this comes in to play at the right trading session I will be looking for a lower TF break of structure.
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.
How is your trading going?
This pair is pulling back and slowing down, coming up and cleared out the sellers from the previous highs, I feel with the low resistance area marked up we could see this pair target higher liquidity before coming back down to the FVG and taking out the internal liquidity.
As you can see we are looking to sweep the previous range and on to an area of interest.
If this comes in to play at the right trading session I will be looking for a lower TF break of structure.
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.
How is your trading going?
Anhänge:
Nov 22, 2022 at 12:37
EURGBP
This pair has push down well over the last few weeks from the area originally marked out.
We have come down to a key discount level and am looking at the 70% and 79% fib levels for a short term buy option.As you can see there is an imbalance that has been marked out and am looking for this to be filled before we make a short term drive up.
If this comes in to play at the right trading session I will be looking for a lower TF break of structure.
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.
This pair has push down well over the last few weeks from the area originally marked out.
We have come down to a key discount level and am looking at the 70% and 79% fib levels for a short term buy option.As you can see there is an imbalance that has been marked out and am looking for this to be filled before we make a short term drive up.
If this comes in to play at the right trading session I will be looking for a lower TF break of structure.
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.
Anhänge:
