EURGBP SETUP
It looks bearish to me but since its a quick scalp, price could go up b4 falling
Another quick setup on EURGBP
Second setup TP smashed
Trade now running in profits.
First TP smashed
1:8 RR bagged.
Unto the next
The Big Picture (Daily Chart)
Price hit a major resistance zone think of it as a ceiling the market has struggled to break through before. At that exact ceiling, a specific pattern called a CRT formed. That's basically the market faking a move, trapping buyers, then reversing. That's your first warning sign that price wants to come down
The Big Picture (Daily Chart)
Price hit a major resistance zone think of it as a ceiling the market has struggled to break through before. At that exact ceiling, a specific pattern called a CRT formed. That's basically the market faking a move, trapping buyers, then reversing. That's your first warning sign that price wants to come down
Zooming In (2-Hour Chart)
Once you dropped to the 2H, three things confirmed the story:
- Market Structure Shift — Price broke a key low, signaling the trend flipped from up to down. The market "changed its mind."
- Liquidity — Before that shift, there were stop losses and orders sitting below. The market swept those, fueling the move down. Smart money fed off that.
- POI (Point of Interest) — After dropping, price needs to pull back up to refill that zone before continuing lower. That pullback zone is your entry area marked by that pink/red shaded box on the chart.
