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EURGBP set up ideas
Mar 16, 2022 at 06:42
Anggota Sejak Oct 17, 2018
103 pos
EURGBP has taken the daily highs last week and made a clear change in the overall structure
With the current news line up tomorrow London session could see this set up form. on the daily we have a clear gap in the wick that needs filling before the next big leg up. also on the 4 hour we have a FVG and area of reaction.
The news line up for tomorrow is EUR first and then GBP so looking for this to react at this level and then break back up for lower TF market structure before the GBP news.
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.
Let me know how you get on.
With the current news line up tomorrow London session could see this set up form. on the daily we have a clear gap in the wick that needs filling before the next big leg up. also on the 4 hour we have a FVG and area of reaction.
The news line up for tomorrow is EUR first and then GBP so looking for this to react at this level and then break back up for lower TF market structure before the GBP news.
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.
Let me know how you get on.
Anggota Sejak Apr 09, 2019
538 pos
Mar 18, 2022 at 23:52
Anggota Sejak Mar 15, 2019
82 pos
sebking1986 posted:
I still think this looks like it's heading down to me so would be looking to catch the short after this long set up. But good luck with this one.
Do you think the Russia situation will push the Euro down more?
All or nothing
Mar 22, 2022 at 19:30
Anggota Sejak Oct 17, 2018
103 pos
EURGBP London set up idea
With EURGBP dropping down over the last few days we could be seeing a retrace from the bullish move last week back below the 50% area ready to move up again.
We have seen the strength in GBP with the interest rate rise pushing this pair back down.
I will be looking out for a mid week move and a break in lower TF structure to show some bullish momentum before I look to enter.
Bear in mind there is another level at the 79% on the fib that we could push on down to and then break to the upside from there longer term. with both ideas I am still looking for buys to come in to play by the end of the week.
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.
Let me know how you get on.
With EURGBP dropping down over the last few days we could be seeing a retrace from the bullish move last week back below the 50% area ready to move up again.
We have seen the strength in GBP with the interest rate rise pushing this pair back down.
I will be looking out for a mid week move and a break in lower TF structure to show some bullish momentum before I look to enter.
Bear in mind there is another level at the 79% on the fib that we could push on down to and then break to the upside from there longer term. with both ideas I am still looking for buys to come in to play by the end of the week.
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.
Let me know how you get on.
Anggota Sejak Apr 09, 2019
538 pos
Anggota Sejak Jul 20, 2020
399 pos
Anggota Sejak Apr 09, 2019
538 pos
Anggota Sejak Jul 20, 2020
399 pos
Anggota Sejak Apr 09, 2019
538 pos
Anggota Sejak Jul 20, 2020
399 pos
Apr 21, 2022 at 18:10
Anggota Sejak Dec 09, 2013
139 pos
The daily chart suggests that the price found its support. It produced a Spinning Top and some bullish candles afterwards. We may see bull's dominance. The level of 0.83800 may work as a level of resistance here though. A breakout above may generate more bullish momentum.
Anggota Sejak Jul 20, 2020
399 pos
Apr 30, 2022 at 15:15
Anggota Sejak Jul 20, 2020
399 pos
sharabela posted:
The daily chart suggests that the price found its support. It produced a Spinning Top and some bullish candles afterwards. We may see bull's dominance. The level of 0.83800 may work as a level of resistance here though. A breakout above may generate more bullish momentum.
Would you say 'spinning tops' and other candle formations are a big part of your strategy? ive never used any of that personally
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