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Eur-gbp

EURGBP - 4H Short In Trend Bearish Engulfing SetupEURGBP has formed an in trend engulfing setup on the 4H time frame. The engulfing candle nearly engulfed 6 previous candles but didn't quite clear the previous candle high but the daily and weekly time frames supported this setup. Also, nearly all other EUR pairs are very bearish. The daily candle closed below a previous strong bullish engulfing. The weekly time frame has been bearish for the past 6 weeks. The 4am EUR retail sales high impact news event set up this trade. The engulfing candle closed @8am (CST) on Wednesday. Entry at 50% retracement level. SL set above engulfing candle high. TP set at 3X risk.
Short
by justinholtgrave
3
EURGBP testing a weekly support 🦐EURGBP on the daily chart is moving over a daily chart. The price after a first bounce has moved back to the support and according to Plancton's strategy if the market will break below we will set a nice short order. ––––– 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.
Short
by InkyGrip
6
EURGBP: SELLBased off of two standard deviations drawn from the Daily time frame as well as the H4 time frame we are seeing bearish opportunities in EURGBP currently. We have drawn a Fibonacci off of the high to low of the Daily time frame and we can see that Bears had a major opportunity starting where price was at 0.86478 on September 29 and taking profit right around 0.84767 on October 7. Once the market opens up this upcoming week, we can see that if price comes up to the 6.18 possible reversal level of that larger Fib drawn, then we can expect another bearish opportunity to enter the market and take profit sooner this month rather than later.
Short
by cupofconfidence
1
EURGBP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. EURGBP is sitting around a daily support zone so we will be looking for buy setups on lower timeframes. on M30: EURGBP is forming a trendline but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated , EURGBP would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
11
EURGBP short is valid 📉👍We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Previous trades can also be seen on chart and the last one was covered in an idea also. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. I'll follow this trade now until TP is achieved, a new signal presents or stop loss is hit. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
EURGBP looking up 🦐EURGBP on the daily chart is trading below a daily resistance. The price after the bounce at the 0.618 Fibonacci level is now ready to break above. According to Plancton's strategy if the market will break above we will set a nice long order. ––––– 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.
Long
by InkyGrip
10
EURGBP moving lower 🦐EURGBP on the daily chart after the test of the weekly support retraced to the resistance at the 0.618 Fibonacci level. The price hit the trendline of the descending channel and turned back into a bearish momentum. If the price will move to the weekly support we will consider opening a position at the break of it according to the Academy 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.
Short
by InkyGrip
2
📢EURGBP | Short Entry | Week Ending Update | SteadyTradeAI™️📢The euro/pound dropped on Thursday as the European Central Bank only made a modest monetary policy change. The currency pair also exhibited minimal response to the mixed bag of UK economic statistics released on Friday, which showed lower-than-expected growth offset by higher-than-expected industrial output numbers. This implies that fundamental GBP traders will be anticipating the publication of UK labor market data on Tuesday, as well as inflation data on Wednesday. The majority among analysts surveyed by news agencies is that headline year-on-year inflation would increase to 3% from 2%, but given the poor GDP figures, an undershoot is likely, which would help the EUR/GBP surge, which may take it as high as 0.86 if it hasn't already hit that level by Wednesday. In this respect, Bank of England Governor Andrew Bailey said this week that the central bank's monetary policy committee was equally split in August on whether the basic criteria for a rate increase were fulfilled. Nonetheless, there are increasing signs that the Bank of England is on the verge of withdrawing stimulus, and this will be the case even if inflation falls short of forecasts. The European Central Bank president, Christine Lagarde, rephrased Margaret Thatcher's quote about inflation: "She's not tapering." Despite the Eurozone's financial crisis recovery, the ECB appears to be easing monetary policy . A shift in the ECB's bond-buying program has also been made, and the ECB has also announced that it will increase its quantitative easing program to a level prior to March 2021. Instead of tapering, Lagarde explains, the long-term extension of asset purchases is a way to promote financial stability in Europe. Bond markets were relieved by the lack of any Fed tapering news, but the markets did not respond strongly. The EUR/USD is floating higher due to the fact that its yield is lower than that of other Euro crosses. This is because interest rates in the Eurozone have fallen faster than those in the United States. A change in currency exchange ranges in the near future is unlikely. In contrast to the EUR/USD and EUR/JPY exchange rates, the EUR/GBP exchange rate has broken away from its July low despite the fact that the rates for the former two currencies appear to be moving away from their summer highs. While the current environment may not be volatile, traders should expect a gradual increase in volatility in the future.
Short
by SteadyTradeAI
Divergence appears with EURGBPH4 time frame. Structure: Downtrend. The price rallied to the 61.80 Fibonacci resistance zone of ​​the previous downtrend. Divergence signal appeared and Key level at 0.85600. Wait for the price to break the Key level and confirm the downtrend, then you can look for selling opportunities with EURGBP. The profit target is the 0.84500 support zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx