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Eur-gbp

Swing Trade idea on EUR/GBPGood morning traders, today we bring you a swing trade opportunity in the EUR/GBP pair, as we consider that it has great downside potential. 🔸As we can see, the price has been in a marked downtrend for several months, and at the moment we do not see any clear sign of reversal. 🔸Otherwise, a large support zone was recently broken to the downside. 🔸Since then, the price has remained in a consolidative process. 🔸What we are waiting to consider a bearish trade in this pair is a new retest of the broken support zone (now resistance zone). 🔸If that happens, we will wait for some price action confirmation, such as a clear reversal pattern on the daily chart, to look for a trade in that direction. 🔸The target zone is the next support zone at 0.83000. There is a distance of approximately 350 pips from the resistance zone.
Short
by ThinkingAntsOk
12
EURGBP looking for a retracement 🦐EURGBP on the daily chart is moving inside a descending channel The price if now testing a minor dynamic trendline below a resistance area and according to Plancton' strategy if the market will break above and the conditions will be satisfied we will set a 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
2
GBPUSD Going On The RunGBPUSD Has been a difficult pair to trade. In the recent days it has offered some good opportunities but it has also accumulated and that could be the signal to rebalance the market. Pound has been a pair for day trade only i mean it gives up a good 50-100pips in a day's move so why hold longer when it moves so unexpectedly. Proceed with caution. To me it wants to take 1.38500 and subsequently 1.37800 easy targets. However, this pair moves so strong that it can rally to 1.39500+ and tank to take 1.3780 so have to be careful. #GBPUSD #DOLLAR #EURUSD #POUND #GBP #EUR #USD
Short
by nightdrive
EURGBP on. tight range 🦐EURGBP after our last analysis broke below the daily resistance and currently is moving between a tight range within 2 structures. According to Plancton's strategy if the market will break below we can 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. Mar 8 Comment:
Short
by InkyGrip
EURGBP for a lower low 🦐After the recent low EURGBP retraced at the 0.618 Fibonacci level for a retest of the monthly resistance. The market is now moving once again to the daily support below the 0.5 Fibonacci level. According to Plancton's strategy IF the price 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
EURGBP on the bear side 🦐EURGBP after the break below the 0.87 support retest it and currently is moving above the support at 0.86 area. According to Plancton's strategy if the market will break below we can 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
5
EUR/GBP About to continue the Bearish TrendGood morning traders, today we bring you our mid/long term analysis in EUR/GBP. 🔸To begin with, we will base this analysis on the horizontal Support and Resistance zones. 🔸During the last few months, the price broke all the support zones that were in the path of the downtrend. 🔸Recently, the support that was at 0.86800 was broken. 🔸A few days ago, the price made a pullback to that area, and the curious thing was with the strength that this movement was made, which generated some doubts about whether it was a fakeout or the break was really confirmed. 🔸Given the previous point, we consider that the optimal way to define the vision is to wait for a clear confirmation of price action in relation to the direction. 🔸Now we see that the bearish movement is continuing, so we believe that we are close to seeing a new bearish momentum.
Short
by ThinkingAntsOk
1
EURGBP on new recent lows? 🦐After the recent low EURGBP retraced at the 0.618 Fibonacci level for a retest of the monthly resistance. The market creates a bear flag and according to Plancton's strategy IF the price 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
7
EURGBP on a retracement move 🦐EURGBP after the long downtrend bounces over a confluence of 2 trendlines and is now approaching a strong resistance level. IF the market will break and close above, according to Plancton's strategy we can set a nice long order opportunity. --–– 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
Long
by InkyGrip
8
Important support /+300tp /pullback/ low risk/Convergence/ElliotHello friends, first of all, thank you for your attention I started the study with daily timeframes and noticed an important convergence in daily timeframes, as well as a slow hammer pattern with trend lines drawing, as well as a very important support in daily timeframes and the failure of the channel ceiling in the 4-hour timeframes. Also, pullback to the confirmation trend line is an uptrend. In addition, a 5 wave is forming which is confirmed by Fibonacci ratios of these levels, of course, tomorrow's news should be considered because the price may behave contrary to our analysis. wish you luck . Please like and comment because every trader has something to say, thank you.
Long
by mohammadzarei29
2
It's a great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8595). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.8678 TP2= @ 0.8740 TP3= @ 0.8800 TP4= @ 0.8878 TP5= @ 0.8958 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
21
It's a great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8595). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.8678 TP2= @ 0.8740 TP3= @ 0.8800 TP4= @ 0.8878 TP5= @ 0.8958 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
8
How to take Advantage of the Bearish Trend on EUR/GBP?Good morning traders, today we bring you an analysis and potential setup of what we would expect in the EUR/GBP to be able to trade the downtrend. 🔸Before explaining what we are looking for in this pair, we will focus on analyzing the context and showing you why we consider that the downtrend is still in force. 🔸After the break of the bullish channel, the price started a clear downtrend, which has not had major retracements so far. 🔸All support zones along the way were penetrated without problem. 🔸Last week, a very important support zone was broken, which is where the last bullish momentum started last year. 🔸Now the price is trading below, but this is not enough to initiate a position in this pair. 🔸What we are waiting for and we recommend doing is waiting for a proportional corrective move to the previous bearish impulse, forming some corrective pattern. For example, a flag pattern performing a pullback to the broken zone. 🔸In this way, we will have a safe place to place our entry and stop loss, and in addition, the R/R ratio that it provides us towards the next support zone is quite favorable. 🔸Of course, this scenario is an example and it does not have to happen like that, and there are many variants to this situation, but the idea is to be able to define certain scenarios to be able to be prepared for what the market gives us, and thus adapt quickly.
Short
by ThinkingAntsOk
4
EURGBP: The end of the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/GBP ⚪ Technical Analysis : Since the 20th of January 2021, the price has been following a really strong descending channel, reaching today an important weekly support zone at about 0.86900. This level rejected the price many times in the past and there is a nice possibility to see the same reaction. 🔴 Conclusion : I'm confindent to see the end of this descending channel, considering that the price almost reached the weekly support zone. It is currently overbought and at the end of its last bearish impulse. By the way, I'll be waiting for the breakout of its channel before planning my long position on this trade. A possible entry point could be a closing bar on the level at about 0.87600! Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
16
MORE MONEYAnother trade that we took advantage of today at forexinsightsuk was the EURGBP. We entered early this afternoon with a Entry of 0.87295. This pair was on our watchlist at the beginning of the week during market opening hours and we are glad we could take advantage of this trade that fell lovely into profit. We were expecting a pull back and wasn't sure how much further the bearish momentum would particularly last. Therefore we had alerts set to notify us when to take our profits. We managed to manually close TP1 & TP2 roughly around 0.87029. Still a awesome percentage gain on our capital for a Tuesday.
Short
by Forexinsightsuk