EURGBP – Daily Chart Analysis Q3 | W35 | D29 | Y25📊 EURGBP – Daily Chart Analysis
Q3 | W35 | D29 | Y25
🕯️ The previous daily candle closed bullish, and notably above the 50EMA. This is a key technical signal that shifts our short-term bias to the upside, suggesting bullish momentum is in play.
📈 Based on this close, I’ll be focusing on long opportunities from the lows, targeting areas where price may look to mitigate inefficiencies left behind.
🔍 Key Technical Breakdown:
The bullish daily candle created a 4H Order Block and left an imbalance below, both of which sit within a broader daily Point of Interest (POI).
Within this POI, there are clear 1H and 15-minute order blocks and voids, acting as refined zones of interest for potential entries.
These areas mark where I’ll be paying close attention to price reaction and structure.
🧠 Execution Plan:
I’m not entering blindly at the POI.
I’ll be monitoring lower timeframes (M15/M5) for a clean break of structure (BOS) or a liquidity sweep followed by bullish intent.
Only after confirmation will I look to enter long — risk remains capped and measured.
If price fails to hold the POI or shows strong bearish momentum, I’ll step aside and wait for clarity.
📌 Key Takeaways:
The bias is bullish only with confirmation — stay mechanical, not emotional.
Structure > impulse — don’t let a single bullish candle dictate your entry.
Maintain solid risk management — max 1% risk per trade, with clear invalidation levels.
Let the market come to you. No confirmation = no trade.
FRGNT
FX:EURGBP
