Looks like a massive imbalance to the upside. Once again just so tough to tell and i only trade on high probability so i will be keeping an eye on this but from the sidelines
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The horizontal level of 0.86000 has been working as a level of resistance and the up trending trend line has been working as a level of support. Traders might as well wait for the price to make a breakout to find their next direction.
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A big resistance level indeed, would definately take profit here and wait for the next entry
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The price gets caught within a range. It may make a bearish breakout at the up trending trendline. If that happens, the sellers may get opportunity to go short in the pair. On the other hand, if the trendline works as a level of support, it may push the price towards the last swing high.
Thats such a wise move. There are always more entries and trades to take as long as taking profit is within your trading plan itll all work out in the end
The pair reached at the consolidation resistance. The sellers may wait for the price to produce a bearish reversal pattern to go short in the H4 chart. A bullish breakout above the level may push the price towards the North and opens the gate for the buyers again.
Good morning all, happy to report today that our patience has paid off on our EURGBP trade. The runner that was left open has now hit TP3 zone. It did take a little longer to come to fruition, but the trend was always being respected so that’s why we left the remainder of the trade open. If you managed to hold the entire original position then congratulations. Currently we are 400+ pips in profit! As you can see I have now moved up the SL on the position to the last swing low on this current trend. Let’s see how far we can take it!! If you want to take all profits then that is also fine, enjoy the pips. Will update again next week upon more movement. GLIYF
Might be time to rename the thread! 
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It looks bullish to me as far the daily chart is concerned. The pair may continue its bullish journey and make new higher high. The level of 0.87000 looks to be a strong resistance. If that gets broken, the pair may go towards the level of 0.89000 in a hurry.
I like the 0.87 level too. Itll be a good area to check and re assess
The H4 chart shows that the level of 0.86480 has been working as a level of resistance. The price has had rejections twice at that level. A breakout at the last swing low may make the pair bearish.
The daily chart shows that the price has been up trending by obeying an up trending trend line. The pair is traded around the support of that trend line. A bullish reversal candle may push the price towards the last swing high.
Hahaha, it does indeed, the upside is strong now
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Good morning all, if you have been following my setups I have closed my runner on EURGBP . Swaps were building up so thought it was time to take the profits. now onto the next setup. we have seen some bearish action over the past few daily candles. So this setup for the next trade looks to be good, a little more downwards movement price could give us a multiple confluence trade at the demand zone below along with the moving average. This trade setup might be the catalyst to break above the supply zone above where price has previously failed. Keep watch over the next few days to see if price gets to the demand zone . Wait for support for entry. GLIYF
Do you mean when price drops down into the large vertical rectangle, or even the narrow horizontal green one too?
BTW, where are you trading from?
I am going to keep an eye on the chart to go long from that marked support zone as well. If things go well, I may take a partial profit at the down trending trend line’s resistance. Let us wait and watch what happens next.
Extraordinarly GBP motered on ,I was waiting for some sort of reversal but it was relentless.That market sentiment for you !
As I understand, the line separating the green and red zone is the entry point.
The bottom of the red is the stop-loss
The top of the green is the take profit.
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That’s what i see too