EURGBP set up and ideas.

Discussion in 'Journals' started by Pezza, Mar 15, 2022.

  1. Pezza

    Pezza

    EURGBP
    Looks like this pair came up nicely and cleared out the sellers from the previous highs, form here i am not looking for this pair to come back down to the discount side and back in to the FVG gap.
    as you can see we are looking to sweep the previous range and on to an area of interest along with 79% of the fib level.
    If this comes in to play at the right trading session we will have 3 confluences to enter the set 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. EURGBP sell idea.png
     
    #61     Nov 8, 2022
  2. Pezza

    Pezza

    EURGBP Set up for the week.png EURGBP
    This pair is pulling back and slowing down, coming up and cleared out the sellers from the previous highs, I feel with the low resistance area marked up we could see this pair target higher liquidity before coming back down to the FVG and taking out the internal liquidity.
    As you can see we are looking to sweep the previous range and on to an area of interest.
    If this comes in to play at the right trading session I will be looking for a lower TF break of structure.

    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.

    How is your trading going?
     
    #62     Nov 15, 2022
    RachEB likes this.
  3. RachEB

    RachEB

    Quite messy this price action but would like to see the downside play out.
     
    #63     Nov 19, 2022
  4. Pezza

    Pezza

    EURGBP
    This pair has push down well over the last few weeks from the area originally marked out.
    We have come down to a key discount level and am looking at the 70% and 79% fib levels for a short term buy option.As you can see there is an imbalance that has been marked out and am looking for this to be filled before we make a short term drive up.
    If this comes in to play at the right trading session I will be looking for a lower TF break of structure.

    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 sort term but idea.png
     
    #64     Nov 22, 2022
  5. LuckyMac

    LuckyMac

    Solid area for a bounce, i think you're orange line is a good target
     
    #65     Nov 24, 2022
  6. Overnight

    Overnight

    Maybe he should loosen up a bit?

     
    #66     Nov 25, 2022
  7. RachEB

    RachEB

    A lovely double bottom pattern on this pair for the long entry this week, gutted I missed it. Still got some way to go though, so looking for another entry as we start the new week.
     
    #67     Dec 4, 2022
  8. Pezza

    Pezza

    EURGBP
    Last set up on this pair for the year i think.
    Looking for a Tuesday high to reach above the relative equal highs but for the November high to stay intact. This is the Yellow box i have marked out, form here i will be looking for and sell opportunity to fill in the imbalanced area that formed with the news last week.
    Only after intraday moves being the last trading week of the year and all closed out by Friday.
    As always 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 Short set up.png
     
    #68     Dec 19, 2022