EURGBP Short

[bigbax699]

Good morning all. Our sell trade on EURGBP has taken an AGE to reach TP zone. After that very impulsive bearish candle we had near the beginning it has just been up and down daily. Perfect for intra day scalping. But very boring for a one positions holder. I am closing the long term position now and I will watch price and look for the next setup. I still think it will come down some more so I will look for the buys most likely from the demand below. I will update with a couple of options next time. Profit is profit so take it and move onto the next setup. GLIYF

 

[bigbax699]

Good afternoon, hope everyone has had a good trading week. Today's post is back on EURGBP . The original TP zone has been hit, I did exit early as it was taking soooo long, but none the less the setup came true and TP zone was hit, so well done if you held it. Now what is next for this pair. Well if this demand zone we are almost at hold's id like to see a nice buy back up to that supply zone . If the demand zone breaks then there is a little risky sell down to the weekly demand zone , I would not prefer this trade as its small in return and we could possible be selling the bottom. The ideal trade is the buy from the big weekly demand zone right at the bottom. IT looks big and strong so we could see a nice reversal from there. Mark them all up and wait for the one that comes. Have a good weekend GLIYF

 

[JimmyRozza]

Good afternoon, hope everyone has had a good trading week. Today's post is back on EURGBP . The original TP zone has been hit, I did exit early as it was taking soooo long, but none the less the setup came true and TP zone was hit, so well done if you held it. Now what is next for this pair. Well if this demand zone we are almost at hold's id like to see a nice buy back up to that supply zone . If the demand zone breaks then there is a little risky sell down to the weekly demand zone , I would not prefer this trade as its small in return and we could possible be selling the bottom. The ideal trade is the buy from the big weekly demand zone right at the bottom. IT looks big and strong so we could see a nice reversal from there. Mark them all up and wait for the one that comes. Have a good weekend GLIYF
View attachment 66895

Will be keeping my eye on this pair next week

 

[bigbax699]

Good morning all, Looking at a couple of setups for EURGBP today. Last post on this pair I was looking to buy from the demand zone but it didn't re visit. It basically reversed from the first touch and as we can now see has moved some 150 pips north. It's possible we could see a little pullback to get a nice buy in from that zone broken (1). Or we could wait to sell from the supply zone from what has happened previously (2). If the bull continues we could look to buy in from the beak and retests of those zones (3). My favored trades would be the sell's from the supply zones. But I will take what ever comes to the table. GLIYF

 

[bigbax699]

Good morning all. Today I am entering a buy on EURGBP . Last time price touched this demand area we got a nice move north of 150 + pips. I was looking to buy possibly from the zone above but price has dropped all the way back. Obviously better to buy in lower and also this could be a double bottom at this demand area. Aiming for the supply zone at the top of the range. Moving SL to entry as we move into profits to secure the bag. Nice easy setup just reacting to what has happened to the left. Hopefully history repeats itself. GLIYF

 

[Amina El Mehdi]

Yep. At least history rhymes.

 

[bigbax699]

Markets open again this evening, so always nice to analyze the charts when they're frozen in time. The buy I took on EURGBP has got stopped out an entry. Price failed to make a higher high and a 50% candle supply zone was formed causing price to push down. Now I am thinking that the overall weekly bearish bias is continuing and that we will see price go to the weekly demand zone below. So that's what ill be waiting for on this pair next before buying again. Mark your charts up and wait for the move to come to you. GLIYF

 

[bigbax699]

Since I last looked at EURGBP price has continued to to drop further and we have officially broken the demand zone from the left. Price has closed below and the current daily candle looks like it could possible be a retest of the broker level. Now I was waiting for price to come down to the demand to buy which is still my ideal trade. But if there's some intraday trader's out there that just cant wait. This little sell looks like a good one down to demand. 1:2 R:R on offer. Ill still be watching for the big demand zone buy. GLIYF

 

[bigbax699]

Good evening all markets open again soon. Taking a look back on EURGBP . I was waiting for price to come down to the big weekly demand level at the bottom (1). We saw price break the daily demand and i posted a possible sell (2) if resistance of the break was found. But as we can see it didnt hold and price has moved back bullish for a couple of weeks now. But long term we are still bearish trend . So my idea is hopefully if price reaches the supply zone (3) we can sell back down if price makes a lower high. Super easy setup wait for resistance at supply to form before entering. GLIYF

 

[JimmyRozza]

I'm still following this thread. Will eye up that short this week