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Eur-gbp

EURGBP LONG SETUPSo after a long downtrend on the 4 hour we can see that the trend has been broken and the price is retracing to the previous high, also the zone where the market has been broken. The perfect entry will be around 0.90000, and we are expecting a lot of confluence which will consist of EMA-200 support, RSI hitting the low level and the bottom of bollinger bands, previous high support and trend break, and also bottom of an uptrend that is forming. The entry should be after the retest was made on the 4hour, and should be taken on the first retracement of the 15 minute retracement break to the upside. So after the retracement has completed, we will wait for the market to break to the upside on the 15 minute, wait for a retrace, then enter. TP 1- 0.90250, TP2 -0.90450, TP3-0.90700 or the -0.27 level of the fib if you want to keep it to breakeven. SL-0.89620, Or a tight one will be some pips under the retrace was made.
Long
by AdrianPetrea
2
💡EURGBP Second Chance: Profit=612 SL=136 Reward/Risk > 4.5:1Second Chance Trade Setup summary: Profit targets= 612 = {TP2 = 57 + TP3 = 105 + TP4 = 160 + TP5 = 290} Stop Loss = 136 pip Reward/Risk > 4.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (0.9000) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP2= @ 0.9057 TP3= @ 0.9105 TP4= @ 0.9160 TP5= @ 0.9290 SL= Break below 0.8965 -------------------------------------------------------------------------------------------------- Current Status of First Buy: Total Profit: 463 pip Closed trade(s): 183 Profit Open trade(s): 280 Profit Trade Setup: We opened 5 BUY trade(s) @ 0.8937 based on 'previous Forecast' at 2020.12.01 : Closed Profit: TP1 @ 0.9000 touched at 2020.12.01 with 63 pip Profit. TP2 @ 0.9057 touched at 2020.12.02 with 120 pip Profit. 63 + 120 = 183 Open Profit: Open trade is 0.9007 (current price) - 0.8937 (open price) = 70 pip 4 trade(s) still open, therefore total profit for open trade(s) is 70 x 4 = 280 Technical analysis: . EURGBP is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. ❤️ 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 you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
15
💡EURGBP Second Chance: Profit=612 SL=136 Reward/Risk > 4.5:1Second Chance Trade Setup summary: Profit targets= 612 = {TP2 = 57 + TP3 = 105 + TP4 = 160 + TP5 = 290} Stop Loss = 136 pip Reward/Risk > 4.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (0.9000) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP2= @ 0.9057 TP3= @ 0.9105 TP4= @ 0.9160 TP5= @ 0.9290 SL= Break below 0.8965 -------------------------------------------------------------------------------------------------- Current Status of First Buy: Total Profit: 463 pip Closed trade(s): 183 Profit Open trade(s): 280 Profit Trade Setup: We opened 5 BUY trade(s) @ 0.8937 based on 'previous Forecast' at 2020.12.01 : Closed Profit: TP1 @ 0.9000 touched at 2020.12.01 with 63 pip Profit. TP2 @ 0.9057 touched at 2020.12.02 with 120 pip Profit. 63 + 120 = 183 Open Profit: Open trade is 0.9007 (current price) - 0.8937 (open price) = 70 pip 4 trade(s) still open, therefore total profit for open trade(s) is 70 x 4 = 280 Technical analysis: . EURGBP is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. ❤️ 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 you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
14
EURGBP on a minor retracement 🦐EURGBP after our last analysis broke the descending daily channel with a nice impulse. The price is now looking for a retracement and we will expect a test of the 0.382 or the 0.5 Fibonacci level. IF the price will hit the daily support we will look then for a sign of inversion to place 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
by InkyGrip
6
EURGBP bounces over the 0.618 🦐EURGBP on the daily chart after touching the 0.92600 area at the monthly resistance started a long retracement until the weekly support at 0.88900. The price bounce exactly over the weekly structure that corresponds to the 0.618 Fibonacci level of the previous bullish leg and from there created a nice impulse. IF the price during next week will break the resistance area at 0.89900 and consequently breaks the descending channel, 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
EUR/GBP: Trading Brexit 📈Hello traders, happy Wednesday! Time to make some money. Today's Trade of the Day is EUR/GBP. With Brexit pessimism rising, I expect further weakness in the pound during the week. Here is the complete analysis. TECHNICALS: The pair broke above a long-term falling channel, but big players will likely drain liquidity to get into the market at more favorable prices. A roll reversal to the lower 0.90xx levels could provide a buying opportunity. POSITIONING: Hedge funds increased their bearish bets slightly in the previous week, but there is still room to the upside until we reach a 52-week extreme positioning. Currently 40k contracts shorts, extreme positioning at 60k. More downside potential for the pound. INTEREST RATES: 2-year yield differentials have still to catch up with the recent rise in the exchange rate. FUNDAMENTALS: EU’s chief negotiator Barnier says next 36 hours will be critical to fate of negotiations with UK. == SUMMARY == BUY LIMIT @ 0.9020 Final Take-Profit @ 0.9135 SL @ 0.8980 R/R: 3:1 Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks!
Long
by MujkanovicFX
EURGBP - SWING - 01. DECE. 2020Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Bearish market pressure.. 4 HOUR Overall bearish waving market structure, good short entries! DAILY Pullback in a midterm downtrend. - FOREX SWING SELL EURGBP ENTRY LEVEL @ 0.89480 SL @ 0.89920 TP @ 0.88820 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
22
Bullish Retracement on EURGBP (1/12/20)I am probably against everyone when I say that I am still bullish on EURGBP. After the price successfully crossed the red line the H1 timeframe, my bias flipped in my bullish so I am looking for buys. The yellow lines represent the new higher high (HH) and higher low (HL) so that is now the new range. If we take fibs off those levels, we realise the 0.618 golden pocket is as shown in the chart so that would be a good entry for a nice RR. If the 0.618 fib holds, then it is off to the races. My target would ultimately be the Daily Highs as shown in my previous related idea. All the best!
Long
by chewbaccaboi
💡 Don't miss the great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8918). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 0.9000 TP2= @ 0.9057 TP3= @ 0.9105 TP4= @ 0.9160 TP5= @ 0.9290 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
9
💡 Don't miss the great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8918). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 0.9000 TP2= @ 0.9057 TP3= @ 0.9105 TP4= @ 0.9160 TP5= @ 0.9290 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
14
EUR/GBP on a Critical ZoneGood morning traders. Today we bring you the analysis of a pair that we consider interesting for the medium term. This is EUR / GBP. 🔸What we can see in the daily timeframe is that, in September, the price was rejected in the resistance zone, and slowly generated a bearish movement that broke the bullish channel. 🔸That breakout was somewhat tempting to take a bearish position, but we detected that there is a very strong support zone nearby. It is where the price is right now. 🔸We consider that this zone is critical since the last time the price was in this zone it generated a big upward movement. 🔸What we are waiting for is a break in the current zone, and a consolidation of the price below that confirms the break. 🔸In case of a bearish movement, it has a lot of downside potential. The first target is the 0.87000 zone, and then the 0.83000 zone. 🔸In the following chart it is seen in a higher timeframe how clearly every time the price rebounded from the Major Resistance zone, it fell abruptly. That is the basis of our analysis.
Short
by ThinkingAntsOk
EURGBP Monthly/Weekly/Daily analysis 🦐Full video analysis of EURGBP --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
by InkyGrip
4
EURGBP bounces over a daily support🦐URGBP on the daily chart is moving inside a descending channel . The market after touching the weekly support at the 0.88700 area bounces over it. On the 4h chart, the price retraced at the 0.5 Fibonacci level inside a minor descending channel. If the market will break and close above the resistance structure and consequently break the channel, 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
8
EURGBP bounces over a weekly support 🦐EURGBP on the daily chart is moving inside a descending channel. The market after touching the weekly support at the 0.88700 area bounces over it. On the 4h chart, the price retraced exactly at the 0.382 Fibonacci level. If the market will break and close above the structure 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
4