EURGBP Short idea

I can see the EUR/GBP having a sale off next week.

Entry 15min time frame, need to see a bearish candle close below the last bullish candle. (A bullish entry)

Alternatively you could wait for the 4hr bearish close to add more confluence to the trade.

Trend break.
Rsi break
Overbought
triple top in an area of confluence on the 4hr chart
Divergence on most charts

Kommentar:

This pair has went in the direction as predicted but failed to break through a support zone.

At the support zone you can see a double bottom with divergence telling you that you need to get out and wait for the pull back or scalp the pullback.

I can still see this trade hitting TP2, Remember when trading a long move like this through multiple support and resistance levels always keep and eye for price being overbought or sold with divergence.

Kommentar:

trade closed in profit 2/1

So the pair jumped back 200 pips clearing out most people (not me) and trapping others, a big liquidity move so the pair can continue its move.

Its late on a Friday and I don't like to hold trades over the weekend so closing this out now in profit 2/1

Kommentar:

Week one of sharing my trades and analysis on the platform!

Three trades

Three profitable trades

plus 7%


# always monitor price action # never give up

If you have found this analysis beneficial please like and follow for many more great setups