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Eur-gbp

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
EURGBP IDEAThe currency pair EURGBP appears to be following a pattern where it retraces off a trendline to create a price reversal. The pattern has been observed in the past where the pair had one touch and then dropped, followed by another touch and another drop. Currently, the pattern seems to be repeating itself where the pair has touched the trendline and is expected to retest down to the level of 0.88638. There are two possible outcomes after this retracement, one where the pair breaks below to continue the bear trend, and another where there is a major price reversal, creating a big buying opportunity up to the level of 0.89723.
Short
by OfficialKieranTrewick
Going Long on EUR/GBP: Trading the UptrendHey Traders! 👉EURGBP @0.8890~ BUY 📍 SL - 0.8810 💰 TP1 - 0.8910 💰 TP2 - 0.8950 💰 TP3 - 0.9050 👨‍💻🎯 Reason & Technicals : Monthly resistance level has not yet been reached, this is a good target to aim for. Weekly timeframe has been developing a up-wards channel since February of last year, this likely suggests a continuation. Daily top level is about 70-80 pips that's a fairly strong resistance, could have a stronger pullback after this touches, once broken its heading to the monthy top. 4h timeframe a nice trend up & 1h timeframe has broken important moving averages, which suggest further bullish momentum. 💹✅
Long
by FX-TradingLions
1
Eurgbp still not yet to turn for longEurgbp was mentioned last week to wait for long...meanwhile i did short this pair as no turning upwards was "visible" last week... Let's wait if u are still having upwards bias for this on higher timeframe. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
EURGBP - I'm seeing nothing but a continuation to the upsideEuro Pound has been super messy of late, but after last week's respective Central Bank news and immediate future stance, I think it'll be a clean bullish continuation from here. ECB hiked rates by 0.50% last week and said there will likely be the same next time out. BoE also hiked by 0.50% but were much more dovish in their statement. I think it's pretty clear (if you live in the UK) that our economy is under enough pressure (cost of living, output, retail sales, you name it) without another 0.50% hike, I just don't think the BoE would / could do it (regardless of inflation). Current price is above all of my MA's, I think we'll see a continuation close to testing last September highs in the coming week or so.
Long
by Finchcliffe
3
EURGBP Channel Up but be ready to trade the break-outsThe EURGBP pair has been trading within a Channel Up since the December 01 Low. This is leading the price to Higher Highs, supported by the 1D MA50 (blue trend-line), with the next one projected to be around 0.9020. The 2 year pattern is a Bullish Megaphone, so a break above the Channel Up would be a buy break-out for us, targeting the 3.5 Fibonacci extension level (0.92835), where we expect the next Higher High as per the previous two Megaphone rallies. A break below the Channel Up, would be a sell break-out for us targeting not just the 1D MA200 (orange trend-line) but the 1W MA100 (red trend-line) which has made 4 contacts and has successfully held as a Support since September 06 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2