EUR GBP - Quick Take Series 5
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G'day Traders and Analysts,
Breakdown:
1. Note
2. Contents/Warnings
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. EUR GBP is an investment, so here is the technical and logical analysis behind the long term investment.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Currently on a correctional play, but overall still short.
Master Key for zones
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Quick analysis, shorting due to monthly and weekly timeframes
The Monthly Imbalances are set:
Add positions upon the following, clear directional sell hedges
Confirmation upon the daily
Higher timeframes provide a clearer image.
Look for a three box setup, whereby draw your imbalance, a upper and lower confidence correctional move and set alerts, limits.
Box 1 being imbalance
Box 2 being correctional pullback to retest an imbalance.
Box 3 Target profit at an imbalance
Monthly
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of 0.95 whereby the Euro Failed to overcome, this however was the pivotal imbalance to sell from a Fibonacci extension perspective.
A large zone formed here on a monthly as previous historical monthly wicks have shown immediate whipsaw effects, revert to the daily chart in to see three examples of a trading week immediately 'tailing off' [see fig 1.0]
During February, March 2020 - the price surge accelerated growth but instantly rejected, the timeframe is sped up, but imbalance method still applies here as the zone failed to hold. GBP still holds a resounding power over the EU to prevent parity.
The Monthly lower high upon the chart formed in September and December respectively, both coincide with
Fig 1.0
Long term imbalance pathways
It's clear, either sell upon confirmation with current positions
Await the buying opportunity to reach a weekly 'resistance', but in reality is a pivot imbalance where price will form a sell opportunity.
Weekly Imbalances
Upon the weekly chart price has created a short opportunity which extended out of the previous weekly imbalance and has been previously tested twice. Subsequently creating two lower highs.
Price had corrected upon an engulfing breakout candle after a consolidation wave which adopted the next move.
Upon the breakout of this zone, price now walks up to the monthly imbalance and once the zone is breached, price is expected to retrace to build on the order block as a reversion pivot [bullish]
Selling imbalance, the breakout and retest is a strong reset upon the imbalance zone, however, the price channel is still forming overall selling trends, so waiting for the confirmation upon a daily will show sell as the engulfing bullish candle will indicate a push for short buyers, but long term, sellers are in control.
Daily Imbalance
Here is the daily logical trendlines which show where price can break in the short term - before the next swing is prominent.
Note the imbalance here (upper) is strong in terms of failing to be breached, whereby the wick of the high failed to nett off, meaning the selling imbalance is >95% confidence of selling.
EUR USD overlay
Something of interest, showing a stronger USD in conjunction with the SPX - again this correlated but not causative.
Denote the lows of the SPX has followed with EUR USD creating lower highs.
Review USD JPY, SPX
Do you enjoy the setups?
*Professional analyst with 5+ years experience in the capital markets
*Focus on technical output not fundamentals
*Position and swing trades
*Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
Breakdown:
1. Note
2. Contents/Warnings
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. EUR GBP is an investment, so here is the technical and logical analysis behind the long term investment.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Currently on a correctional play, but overall still short.
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Scarlet [Red] - Four day
- Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Quick analysis, shorting due to monthly and weekly timeframes
The Monthly Imbalances are set:
Add positions upon the following, clear directional sell hedges
Confirmation upon the daily
Higher timeframes provide a clearer image.
Look for a three box setup, whereby draw your imbalance, a upper and lower confidence correctional move and set alerts, limits.
Box 1 being imbalance
Box 2 being correctional pullback to retest an imbalance.
Box 3 Target profit at an imbalance
Monthly
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of 0.95 whereby the Euro Failed to overcome, this however was the pivotal imbalance to sell from a Fibonacci extension perspective.
A large zone formed here on a monthly as previous historical monthly wicks have shown immediate whipsaw effects, revert to the daily chart in to see three examples of a trading week immediately 'tailing off' [see fig 1.0]
During February, March 2020 - the price surge accelerated growth but instantly rejected, the timeframe is sped up, but imbalance method still applies here as the zone failed to hold. GBP still holds a resounding power over the EU to prevent parity.
The Monthly lower high upon the chart formed in September and December respectively, both coincide with
Fig 1.0
Long term imbalance pathways
It's clear, either sell upon confirmation with current positions
Await the buying opportunity to reach a weekly 'resistance', but in reality is a pivot imbalance where price will form a sell opportunity.
Weekly Imbalances
Upon the weekly chart price has created a short opportunity which extended out of the previous weekly imbalance and has been previously tested twice. Subsequently creating two lower highs.
Price had corrected upon an engulfing breakout candle after a consolidation wave which adopted the next move.
Upon the breakout of this zone, price now walks up to the monthly imbalance and once the zone is breached, price is expected to retrace to build on the order block as a reversion pivot [bullish]
Selling imbalance, the breakout and retest is a strong reset upon the imbalance zone, however, the price channel is still forming overall selling trends, so waiting for the confirmation upon a daily will show sell as the engulfing bullish candle will indicate a push for short buyers, but long term, sellers are in control.
Daily Imbalance
Here is the daily logical trendlines which show where price can break in the short term - before the next swing is prominent.
Note the imbalance here (upper) is strong in terms of failing to be breached, whereby the wick of the high failed to nett off, meaning the selling imbalance is >95% confidence of selling.
EUR USD overlay
Something of interest, showing a stronger USD in conjunction with the SPX - again this correlated but not causative.
Denote the lows of the SPX has followed with EUR USD creating lower highs.
Review USD JPY, SPX
Do you enjoy the setups?
*Professional analyst with 5+ years experience in the capital markets
*Focus on technical output not fundamentals
*Position and swing trades
*Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
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