EUR being driven down currently against USD, this is also shown on EURGBP From here we have pushed down in to a daily order block, Today we have also taken out the daily low of the week and held, currently we are looking for the 79% fib level and a reaction from the FVG. This set up looks good and i will be looking for this to hold over night break down at London open and then show bullish momentum.
If we dont get this move and we break to the down side I will be watching the 0.83800 level for the next reaction zone.
Remember we only enter if we see lower TF entry set ups in out trading times.
Will be looking for BOS in 5/15 min TF, Keep a close eye on market structure and remember key entry and price action will be needed.
Let me know what you think of this set up.
The level of 0.84000 seems to be the level of support in the H4 chart. The price has been heading towards the North with good momentum. The buyers may keep their eyes on the pair to go long from value areas.
The price has been very bullish in the H4 chart. As of writing, the price is having consolidation. A bullish breakout above consolidation’s resistance may push the price towards the North further.
The price has made a long bearish correction. The pair is traded around 0.86000 level. It had a bounce at this level earlier. Let us wait and see what the price does here.
EURGBP trending up
This pair has been steadily trading upwards, Yesterday we pushed up and set relative equal highs. I will be looking for this pair to retrace back to the FVG but not take out the low that formed.
From here will will be looking for time and price to match up over London or New York trading session.
Will be looking for BOS in 3/5 TF, Keep a close eye on market structure and remember key entry and price action will be needed.
Let me know what you think of this set up.
If we break the low continuation to the down side will be expected and trade invalid.
EURGBP FOMC ideas
This pair has been pulling up nice over the last few weeks. Still looking for the buy set ups over the 2 options but with FOMC tomorrow we may see a reaction pop up and then break back down with the news. pushing back down and dropping back in to the FVG and bullish order block recharging before we continue the up move. With Events like these we do not trade the news but wait to see where price gets driven the reaction off the news and then down to a target area.
Both of these set ups would yield around 6% account growth so looking for a good entry is important also.
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.
EURGBP seems to have found its resistance. The pair may make a bearish move. Thus, the sellers may keep an eye on the pair to go short. The price may make a bullish reversal at the marked zone. Thanks for sharing the chart.
After making a bullish breakout in the H4 chart, the pair made a strong bullish move. The price then made a bearish correction. Since the corrective move had a strong bearish momentum. The buyers may wait for a Double Bottom to go long in the pair.
EURGBP
Looking at a short term sell idea, this pair broke up strong during last weeks news events but as you can see we have started forming a bearish structure on the 4 hour TF.
We have broken the bullish trend line and taken the lows on the left. From here I will be looking for price to push back up over night back in to the premium side of the market and in to the marked out FVG looking for a move in London or New York session tomorrow.
Targeting liquidity at the 0.85000 area, then see what we do from there.
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.
I think the cause of the line breakout was just excessive volatility, not reliable in my view. What markets care about is policy lag between the ECB and the BoE and also news on Britain’s fiscal plan.
EURGBP Trade update.
This is the same set up as I was looking at last week on EURGBP.
As you can see this pair has come back up to the middle of the range an has consolidated all week. We did tip above the 50% level on 1 candle last week but no set ups formed,
I have added the news data for tomorrow and you can see there is GBP - EUR and USD news tomorrow with FOMC in the evening this could be a clear driver for points of interest and market moves.
With this in mind I will be watching the markets for set ups around this time.
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.
