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Eur-gbp

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
EURGBP - WEURGBP Another double bottom + TL as support! We could go further and add various other confluences but what's really important to implement your own trade plan in this idea! Double bottom, support 0.88350 areas. Drop below further than that, then I would re-think this idea. Overall stay above the support of 0.88350 and break of the key resistance that has been tested multiple times 0.88950 it's strong resistance but a break above I expect 0.89820 areas to be target. We do have ECB & BOE today... Have a great day ahead, Trade Journal
by Trade_Journal
EURGBP Potential For Bullish RiseLooking at the H4 chart, my overall bias for EURGBP is bullish due to the current price heading towards the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 0.87978, where the overlap support and 50% Fibonacci line is. Stop loss will be at 0.87624, where the recent swing low is. Take profit will be at 0.88974, where the previous swing high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
1
EURGBP Potential for Bullish Continuation | 1st February 2023Looking at the H4 chart, my overall bias for EURGBP is bullish due to the current price heading towards the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 0.87981, where the overlap support and 50% Fibonacci line is. Stop loss will be at 0.87624, where the recent swing low is. Take profit will be at 0.88974, where the overlap resistance and 61.8% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
EURGBP a turn at the 0.786 Fibonacci 🦐EURGBP currency pair on a 4-hour chart has dropped to the 0.786 Fibonacci level after experiencing resistance at a weekly level and then falling directly onto a daily support level. After the drop, the market started to move upward, breaking and retesting the 50% level of the previous impulse. This suggests that the pair may have found a new level of support and could potentially continue to move upward in the short-term. The pair has retested the 0.5 Fibonacci level and is currently approaching a minor resistance level. How can i approach this scenario? If the market breaks above this resistance level, it could be considered a bullish signal and a potential opportunity for a long order according to the Plancton's strategy rules.
by InkyGrip
12
EG to have more down side? **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!
Short
by Shadowing_The_Big_Boys
EURGBP can retest the high? 🦐EURGBP on the 4h chart after the recent high retraced perfectly at the 0.786 Fibonacci level over a daily support. The price is now testing the resistance below the 0.88 level and a possible break above can be seen. How can i approach this scenario? I will wait for the EU market open and IF the market will move above the structure i will consider a nice long order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
2
EURGBP Potential for Bullish Continuation towards recent swing hLooking at the H4 chart, my overall bias for EURGBP is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market structure. Looking for a pullback buy entry at 0.87952, where the overlap support and 38.2% Fibonacci line s. Stop loss will be at 0.87219, where the recent swing low is. Take profit will be at 0.88970, where the previous swing high was. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets