Get started

Eurgbpforecast

EURGBP H4 SHORT PRICE ACTION FORECAST Price action has struggled to break through the resistance area. This level has shown to be strong enough. However, the bullishness towards the Euro can help to break the area and finally, where a long setup could be taken only after retest. The order: P1 Type: sell-stop S/L: 24 pips - R:R | 1:3 - T/P: ascending trendline P2 Type: buy-limit S/L: 40 pips - R:R | 1:2.5 - T/P: ascending trendline -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
by OGFXTRADER
EURGBP H4 SHORT PRICE ACTION FORECAST Price action has got a rejection from a resistance level, unable to form a new high the structure created a double top pattern. The current situation allows the placement of a short entry to capturing the coming bearish momentum. The order: Type: sell-stop S/L: 42 pips - R:R | 1:2 - T/P: ascending trendline -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURGBP H4 SHORT PRICE ACTION FORECAST With the Euro under seller pressure and this pair getting reject from strong resistance level from W1, we could expect a bearish momentum. Besides, price action has also broken an ascending trendline with a strong bearish candle, looking for a pullback towards the trendline for downtrend continuation a short entry can be taken. The order: Type: sell-limit S/L: 40 pips - R:R | 1:3 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURGBP H1 SHORT PRICE ACTION FORECAST -UPDATE-Although yesterday's analysis didn't play along, it remains active, and with the Euro still under sellers pressure, and price action not able to form a new high, the bearishness in the pair continues. Now, under a small timeframe from yesterday's entry at H1, a new short order could be taken. The order: Type: sell-stop S/L: 25 pips - R:R | 1:2.7 - T/P: aiming towards a support level. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURGBP H4 SHORT PRICE ACTION FORECASTPrice action has formed LH forming a descending trendline from D1 and H4. A strong bearish pin bar signaling rejection from buyers, allows the setup for a short play, expecting a pullback to the recently broken resistance level The order: Type: sell-limit S/L: 48 pips - R:R | 1:2 - T/P: aiming towards a support trendline. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURGBP H4 SHORT PRICE ACTION FORECAST With the EUR in a bearish tone across the board, the EURGBP price action has formed an H&S pattern, currently trading below the neckline, and the 200 MA a short entry is placed. Looking for a pullback before its downtrend continuation for the following order The order: Type: sell-limit S/L: 50 pips - R:R | 1:2.4 - T/P: aiming towards the support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER