Daily Forex trading with Price action strategies, pivots,fibos & supply and demand zones

Eur/GBP Analysis


Price getting closer to important level at 0.815X area. Looking to short at this level with the PA confirmation. But PA indicating much higher.Longs may be a good option once price broke above this important ressistance level. Lets see


View attachment 7584
 
robertrfx said:
View attachment 7583


Yesterday got the trade on UJ. Banked 50+ and rest running. SL at b.e. Seems like price will move minimum to 82.7X area
Click to expand...


Exited with 75+ pips on both trades eur1.gif
 
After the retracement, EUR once again pointing upside. ECB minimum bid rate on the way along with conference. Any positive news on EUR may drive to higher levels 1.32XX - 1.33XX. TO the downside we have 1.3000 , 1.295X & 1.287X levels.


eur1.gif
 
robertrfx said:
After the retracement, EUR once again pointing upside. ECB minimum bid rate on the way along with conference. Any positive news on EUR may drive to higher levels 1.32XX - 1.33XX. TO the downside we have 1.3000 , 1.295X & 1.287X levels.


View attachment 7601
Click to expand...



However I am planning to buy EUR at 1.3000 area if price reach there. Atm price at 1.3076
 
I took a short on GJ. Risking 40 pips. IMO it failed to broker above and rejected several times. 1:3 Risk reward ratio


eur1.gif
 
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