Euro / British PoundShort
Sell opportunity
EUR/GBP Short Signal
Entry Price: 0.84492
Target Price: 0.83277 (-1.44%)
Stop Loss: 0.84781 (-0.34%)
Risk/Reward Ratio: 4.2
Analysis:
Technical Indicators:
The price is consolidating below the resistance level of 0.84781, indicating potential rejection.
EMA (252) and EMA (756) suggest a bearish trend in the medium term.
Volume Profile:
A high-volume node around the entry area strengthens the case for a short trade, as it represents significant price action.
Setup:
Downside target aligns with a strong support level around 0.83277, where buyers are expected to re-enter.
The tight stop-loss ensures limited risk with an excellent risk/reward ratio.
Context:
Fundamental pressure on the Euro and a relatively stronger GBP may drive the price lower in the short term.
Entry Price: 0.84492
Target Price: 0.83277 (-1.44%)
Stop Loss: 0.84781 (-0.34%)
Risk/Reward Ratio: 4.2
Analysis:
Technical Indicators:
The price is consolidating below the resistance level of 0.84781, indicating potential rejection.
EMA (252) and EMA (756) suggest a bearish trend in the medium term.
Volume Profile:
A high-volume node around the entry area strengthens the case for a short trade, as it represents significant price action.
Setup:
Downside target aligns with a strong support level around 0.83277, where buyers are expected to re-enter.
The tight stop-loss ensures limited risk with an excellent risk/reward ratio.
Context:
Fundamental pressure on the Euro and a relatively stronger GBP may drive the price lower in the short term.
GODO Capital Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
GODO Capital Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.