EURGBP set up ideas
Mar 16, 2022 at 06:42
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.
Attachments:
Member Since Apr 09, 2019
538 posts
Mar 17, 2022 at 11:17
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.
If you can't spot the liquidity then you are the liquidity.
Mar 18, 2022 at 23:52
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
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.
Attachments:
Member Since Apr 09, 2019
538 posts
Mar 24, 2022 at 14:36
As you mention I like the 79 fib level. I can see a few confluences there that lead me to think that would be a high probability long.
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 20, 2020
399 posts
Mar 25, 2022 at 08:23
In a wide range but like the look of this with some short term liquidity to target to the upside :)
Member Since Apr 09, 2019
538 posts
Mar 28, 2022 at 12:57
Well this might be a HL forming. But until we get a a HH it won't mean much. As you say could just be entering into consolidation.
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 20, 2020
399 posts
Mar 31, 2022 at 18:42
Jungle78 posted:
Really like that 78 Fib level meself theres a couple of confluences there also
The fib is such an underrated tool. These levels are gold :)
Member Since Apr 09, 2019
538 posts
Apr 04, 2022 at 12:31
Targeting 0.83688 now for another upswing.
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 20, 2020
399 posts
Apr 10, 2022 at 14:28
sebking1986 posted:
Targeting 0.83688 now for another upswing.
Agree, it is really pushing for that area. Im going to be setting some alerts close to this
Apr 21, 2022 at 18:10
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.
Member Since Jul 20, 2020
399 posts
Apr 30, 2022 at 15:15
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
