EURGBP set up ideas

EURGBP Sell Opportunity

Currently this pair is still trading bearish on the daily and 4 hour set ups. We have taken profit from our last trade and now looking to see what price will do. Currently apart for a small FVG marked out in the sell entry and market structure these are the many confirmations to the sell idea. There are no news drivers for EUR or GBP today there for a continuation move would make sense.

With this idea I would suggest a 1/2 risk trade and move SL early.
Let me know if you catch this trade and your set ups in the next week.

Really nice trade and hopefully we get some news to back it up

EURGBP

EUR being driven down currently against USD, this is also shown on EURGBP From here we have pushed down in to a daily order block, Today we have also taken out the daily low of the week and held, currently we are looking for the 79% fib level and a reaction from the FVG. This set up looks good and i will be looking for this to hold over night break down at London open and then show bullish momentum.

If we dont get this move and we break to the down side I will be watching the 0.83800 level for the next reaction zone.
Remember we only enter if we see lower TF entry set ups in out trading times.
Will be looking for BOS in 5/15 min TF, Keep a close eye on market structure and remember key entry and price action will be needed.
Let me know what you think of this set up.

Pezza posted:
EURGBP

EUR being driven down currently against USD, this is also shown on EURGBP From here we have pushed down in to a daily order block, Today we have also taken out the daily low of the week and held, currently we are looking for the 79% fib level and a reaction from the FVG. This set up looks good and i will be looking for this to hold over night break down at London open and then show bullish momentum.

If we dont get this move and we break to the down side I will be watching the 0.83800 level for the next reaction zone.
Remember we only enter if we see lower TF entry set ups in out trading times.
Will be looking for BOS in 5/15 min TF, Keep a close eye on market structure and remember key entry and price action will be needed.
Let me know what you think of this set up.

Looks like a nice trade, imbalance is nicely filled and a solid area for TP with the liquidity resting above them highs

The pair has been very bullish in the H4 chart. The buyers may wait for the price to consolidate and produce a bullish reversal candle to go long above the swing high.

Needs to make a HH for me to confirm bullishness. Otherwise it's stuck in a range for now.

sebking1986 posted:
Needs to make a HH for me to confirm bullishness. Otherwise it's stuck in a range for now.

It has been on a the higher timeframes for a while now. Really hard to see where it will go from here but ill be looking at the HTFs to guide me for sure

The pair made a bearish breakout at 0.86100. The sellers may wait for the price to consolidate around the breakout level followed by a bearish reversal candle to go short in the pair.

Be interesting to see how it goes with hiking interest rates again. Surely something has to give with this pair soon

EURGBP trending up
This pair has been steadily trading upwards, Yesterday we pushed up and set relative equal highs. I will be looking for this pair to retrace back to the FVG but not take out the low that formed.
From here will will be looking for time and price to match up over London or New York trading session.
Will be looking for BOS in 3/5 TF, Keep a close eye on market structure and remember key entry and price action will be needed.
Let me know what you think of this set up.
If we break the low continuation to the down side will be expected and trade invalid.

Let me know what you think of the idea.

The pair seems to be bearish upon finding its resistance at 0.86800. The sellers may look to go short in the pair. The level of 0.87700 may hold the price as a level of next support in the H4 chart.

sharabela posted:
The pair seems to be bearish upon finding its resistance at 0.86800. The sellers may look to go short in the pair. The level of 0.87700 may hold the price as a level of next support in the H4 chart.

Ive been looking at this area too. Its just in such a range i cant enter until i have more confirmations

Break of structure this week could indicate some bullishness on this pair.

EURGBP FOMC ideas
This pair has been pulling up nice over the last few weeks. Still looking for the buy set ups over the 2 options but with FOMC tomorrow we may see a reaction pop up and then break back down with the news. pushing back down and dropping back in to the FVG and bullish order block recharging before we continue the up move. With Events like these we do not trade the news but wait to see where price gets driven the reaction off the news and then down to a target area.
Both of these set ups would yield around 6% account growth so looking for a good entry is important also.

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 do you think of this pair at the moment?

The pair seems to have found its resistance. It has been bearish. It may end up making a long bearish move and find its support at the last lower low.

I would say quite the opposite. Recent high broken so it is now retracing. Zoom out on daily and you will see HH and HL forming on this pair.

sebking1986 posted:
I would say quite the opposite. Recent high broken so it is now retracing. Zoom out on daily and you will see HH and HL forming on this pair.

Higher time frames are like the secret sauce, really gives such a good insight into bias and that can lead to good trades

The pair after being very bullish made a strong bearish correction. It is now having a consolidation. The buyers may wait for a bullish breakout at consolidation resistance to go long in the pair.

Some massive volume came in he last week or so