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. Let me know what you think of the idea.
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. What do you think of this pair at the moment?
Looking forward to next update. GBP sent a shockwave through the market. Glad to see it retracing though
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. Thoughts on the markets at the moment?
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. What are your thoughts on tomorrows news?
EURGBP short term set up this week. Looking for GBP to find some strength this week against the EUR. With the new PM in place and the current set up. EUR failed to make a new high so will be looking for a short term sell set up to form and break back down in to the wick low. As you can see this would fit the fib but there is also an area marked above that i will watch if we continue to drive up. 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. Thoughts on the markets at the moment?
EURGBP Looking at the current markets and the liquidity drive for this pair i can see bias for a short term buy set up. With the interest rates for GBP and USD set to come out will be a good driver for the markets. I will be looking to get in this set up for the short term looking at a 1/2 risk trade for each trade idea. This idea would break the 4 hour trending patten and take out sellers liquidity. form there we will see what the market gives us. 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. Thoughts on this pair at the moment?