Eur-gbp
EURGBP - Major BUY approachingPrice has been in a descending pattern since the beginning of the year. It is only now that we can see a clear reversal pattern - ending diagonal - whilst approaching a significant level.
I'd wait for price to tag the low and give some sort of bullish momentum before considering longs.
EURGBP - Major BUY approaching Price has been in a descending pattern since the beginning of the year. It is only now that we can see a clear reversal pattern - ending diagonal - whilst approaching a significant level.
I'd wait for price to tag the low and give some sort of bullish momentum before considering longs.
EUR/GBP : Price Action on H4 TMF , Price Keeps Falling ! 🔔Welcome back Traders, Investors, and Community!
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EURGBP - CURRENTLY IN DISCOUNT PRICINGTechnical Overview: - EUR/GBP
We have had the chance to enter on a buy position last week and followed by closing the position before the initial drop we were anticipating.
HTF - We are oversold from a higher time frame perspective and should be looking for long potential opportunities, since we are in the start of the week and US markets are closed on Monday, we do expect price to potentially going lower before we look for any buy opportunities.
We will be approaching this with more caution and look should for confirmation before entering any to the upside.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
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EURGBP: SELLEURGBP is a slow-mover in our opinion. However, we get paid on SELLS with this pair so it's always good to keep on the Watchlist.
We are more interested in sells than buys for EURGBP due to seeing that price is at the all-time high levels.
We see a potential area for Bears to enter this week/month (entry price and take profit price is noted on the chart analysis here).
Downtrend in EURGBPOpportunity again with GBP! It's movement is very definite.
As long as we have a rise in GBP and a weakness in EUR, EURBGP will move down!
Technically, we have an extremely well downtrend.
On continuation, the first support is from the previous bottom 0.8741.
And in case of a break comes 0.8693.
The scenario breaks down when the trend breaks and cross the previous peak!
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EURUSD 2 POSSIBLE OUTCOMES. THE CHOICE IS YOURS...THERE ARE STRONG RESISTANT LEVELS. BULLISH MOVEMENTS TOWARDS THESE RESISTANT LEVELS. DEPENDING ON STRUCTURE IF CANDLES DO NOT CROSS BACK OVER THERE IS STRONG POTENTIAL FOR A UPWARD CONTINUATION. TECHNICAL ANALYSIS ONLY. BASED ON FUNDAMENTAL ANALYSIS,STIMULUS IN THE US COULD DRIVE THE DOLLAR PRICE DOWN ONLY CAUSING MAJOR GAINS FOR CURRENCY I.E GBP, JPY, AUS, CHF AND CAD. HAVE A LOOK AT CORRELATION BETWEEN COMPETING MARKETS AND MAKE YOUR DECISION, I AM WAITING ON EITHER BREAK OF STRUCTURE OR STRONG BULLISH CANDLE / HAMMER. (DISCLOSURE THIS IS NOT A SIGNAL THIS IS JUST A PERSONAL INTERPRETATION OF MARKET MOVEMENT)
EURGBP on a falling wedge? 🦐EURGBP after our last idea almost reached the monthly support as expected.
The price is moving between 2 narrowing trendline and is creating a falling wedge.
If the market will bounce over the support and break above the upper trendline we will set a nice long order according to Plancton's strategy.
--––
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.
EURGBP - CURRENTLY IN DISCOUNT PRICETechnical Overview: - EUR/GBP
We had seen the bearish run down raiding the support level at 0.88500
many buyers and sellers were interested in this very special level.
Due to the fact that the market likes to move where there is liquidity, it is no surprise that we raid this very key lows.
Many of us are taught to buy where price is mostly rejecting, and that's exactly what the big banks want you to believe.
We were anticipating this raid to the downside clearing all buyers and sellers before we can look for buy opportunities.
It is very crucial to point out that we are in discount pricing meaning price is oversold, thus giving us a chance to look for buy potential.
We do anticipate price to come down lower from a smaller time frame, however higher time frame we are using this as a chance to buy these deals!
Remember this is our free analysis!
To learn more find out below.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
💡Don't miss the great sell opportunity in EURGBPTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.8794).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURGBP is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Take Profits:
TP1= @ 0.87460
TP2= @ 0.87200
TP3= @ 0.86830
TP4= @ 0.86360
TP5= @ 0.85840
SL: Break Above R2
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LONG GBPEUR TO 1.1560LONG GBPEUR THIS WEEK TO 1.1560
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EURGBP: Important Structure Breakout
EURGBP is currently trading below a major horizontal weekly/daily level.
0.886-0.889 structure was perfectly respected multiple times since spring 2020 and strong bullish impulses legs followed from that.
Being broken to the downside recently, that structure turned into a major structure resistance.
Now we have a bearish bias on a pair, and in a long run, we expect a move to the downside.
The next major support is 0.87
EURGBP: BUYEURGBP moved a little higher on Friday but is still not far from recent multi-month lows. Price once again closed at a BUY zone.
This pair has been weighed by the UK’s comparatively swift vaccination efforts in January and amid EU vaccine delivery delays.
If price hits 0.88348 for us in this week's market open, we can expect to ride this Bull up to 0.88860 or even up to 0.88960 for our TP levels.
EURGBP: A possible CHANNEL BREAKOUT!Hi 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 beginning of January 2021, the price has been following an interesting descending channel, breaking through the S/R level at about 0.89300, getting many rejections on the support level at about 0.88100.
It is currently re-testing the same level and the next price action around that zone will be essential to understand the next market movement.
🔴 Conclusion :
The price seems to be not strong enough to break the current support zone.
I'm confident to see it getting one more rejection, moving up with a bullish impulse until the next S/R level at about 0.89200.
I'll be waiting for the breakout of its channel before planning my long position on this trade.
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
EUR/GBP: Pressuring critical support at the 0.8815 Fibonacci retConsolidation is giving way to a fresh test lower, whilst intraday studies track lower, with prices currently retesting critical support at the 0.8815 Fibonacci retracement.
Daily readings are mixed, suggesting further consolidation around here, but a break will confirm continuation of September 2020 losses towards the 0.8750 retracement. Meanwhile, resistance remains up to 0.8900.
An unexpected close above here will turn sentiment Positive, and signal a more sustainable rally towards 0.8950.