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Eur-gbp

EURGBP can move higher 🦐EURGBP on the 4h chart after the test of the daily support at the 0.87400 area has created an impulse that broke the previous lower highs of the downtrend. The price moved above a weekly structure and retest it a few times. Is also interesting to see how the weekly structures lays exactly over the 0.618 Fibonacci area and the 0.5 is a 4h resistance. I will wait for a potential break of the structure and IF the price will break above i will set a nice long order according to the Plancton's strategy rules.
by InkyGrip
4
Levels discussed during the webinar 21st March21st March (might not be alot of trading opportunities) DXY consolidating possible breakout down to 103 NZDUSD: too late, no trade AUDUSD: buy above 0.67 SL 20 TP 20 (small trade) USDJPY: break 131.50 SL 40 TP 80 GBPUSD: retrace down to 1.22 EURUSD: likely to up to 1.0760 but not great RR trade USDCHF: sell below 0.9280 SL 20 TP 40 USDCAD: watch video for the setup with upside & downside potential GBPJPY: buy from bounce of support 159.00 SL 50 TP 300 GOLD: retest of support, look for buying potential
TVC:DXY
by JinDao_Tai
1
EURGBPEURGBP has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
Long
by HamidRamezani1992
Charting 8 Currencies: A Weekly Forex Analysis and CPI PreviewIn this week's Tradingview analysis, I've examined eight individual currencies and marked off key levels, support/resistance, and trendlines. These charts help me gauge the strengths and weaknesses of different pairs, which I'll be keeping an eye on for the week. However, the fundamental landscape is also worth watching, especially with the upcoming CPI event. Last week's NFP data was mixed, with some numbers beating expectations while others missed. Traders are now looking to Tuesday's CPI data to get a clearer sense of the market's direction. If the CPI data is a miss, we may see upside in risk assets and downside in the dollar. On the other hand, a beat in CPI could trigger the opposite response. Here's a brief rundown of each currency: USD: The 4H chart suggests an uptrend, but a break of the support level could lead to further downside. Reclaiming the key level could signal a continuation of the upside move. GBP: Recent price action hit a resistance zone, and I expect a pullback. I'll be watching the key level around the 50% fib for a potential bounce or downside move. EURUSD: The current uptrend may continue, but breaking the trendline and key level could trigger a downside move. JPY: Price is at an interesting juncture. Breaking the pattern and key level could give it more momentum to the upside, but failing to do so could push price down to the second key level. Watching the US10Y for further downside momentum is also important because it can add strength to the JPY. CHF: Recent price movements seem stretched, and I'll be watching for any pullback or price action at the prior resistance level. AUD: The 4H candle just broke and closed below the prior support level, indicating potential downside. A reclaim of the prior support level could indicate a false break. NZDUSD: Our support level is currently holding. If it breaks, we may see a downward move. However, a breakout above our trendline and key level would suggest a possible bullish move. CAD: There's currently downside pressure on the CAD. Watching the key level 2 for a potential reversal or further downside move. Wishing you all the best of luck in your trades, and I hope this breakdown provides some valuable insights.
by natron
8
EURGBPEURGBP has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer:
Short
by HamidRamezani1992
EURGBP: Last sell before the long term buyThe EURGBP pair is trading inside an assymetric Channel Up on borderline bullish 1D technicals (RSI = 55.108, MACD = 0.000, ADX = 24.666). Right now the price is above the Channel's median, which keeps it a sell opportunity. Buy near its bottom, when the 1D MACD makes the 2nd Bullish Cross. TP = 0.9000, even though we can see a longer term extension of +5.00% depending on what level the bottom will be priced at. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
4
EURGBP potential reversal zoneHi; EURGBP has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
2
EURGBP a long opportunity 🦐EURGBP has recently made a new high and retraced back to the 0.786 Fibonacci level, indicating a potential support level. After bouncing off this level, the price is now heading towards a retest of the 0.89000 level. If the price breaks above this level, it could signal a bullish continuation, and traders may consider a long order based on Plancton's strategy rules. However, it's important to note that there could be potential resistance levels at the 0.89300 and 0.89800 levels, so traders should monitor the price action and use proper risk management techniques when entering a long position. In summary, based on the retracement to the 0.786 Fibonacci level and potential break of the 0.89000 level, traders may consider a long order on EURGBP according to Plancton's strategy rules.
by InkyGrip
2