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Eur-gbp

EURGBP Watch: Strategies Amidst the Correction PhaseGreetings Traders, In today's trading session, our attention is turned towards EURGBP, where we are actively monitoring a potential selling opportunity around the 0.86500 zone. Currently entrenched in a downtrend, EURGBP is navigating a correction phase that brings it closer to the significant 0.86500 support and resistance area. As EURGBP adheres to its downtrend trajectory, traders are observing the unfolding correction, anticipating a strategic entry point near the 0.86500 level. The support and resistance area represents a critical juncture, offering traders an opportune moment to consider a selling position. Vigilance and careful risk management are crucial as traders navigate the intricacies of EURGBP's correction phase. The broader economic context, geopolitical events, and central bank policies can further influence EURGBP's movements. Traders should stay informed about relevant developments to make well-informed decisions in this dynamic trading environment. As always, trade safe and remain adaptable to evolving market conditions. Best regards, Joe.
Short
by JoeChampion
EURGBP Potential downsidesHey Traders, In today's trading session, our attention is on EURGBP, as we seek a selling opportunity around the 0.86500 zone. Having previously traded in an uptrend, EURGBP has recently broken out from this pattern and is currently in a correction phase. The correction brings the currency pair towards the retrace area at the 0.86500 support and resistance region, a crucial zone with historical significance. The shift from an uptrend to the ongoing correction introduces a new dynamic to EURGBP's market behavior. The 0.86500 level emerges as a pivotal point, representing both support and resistance, and its impending influence on the currency pair is closely monitored. Traders and investors are alert to potential implications for future price movements as EURGBP navigates through this critical juncture, shaping the narrative for a potential selling opportunity. Trade safe, Joe.
Short
by JoeChampion
EURGBP Consolidating before a sell.The EURGBP pair is on the 6th day of consolidation following the late November sell-off, trading considerably below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The long-term pattern that has been more established since the February 03 High is a Channel Down and it appears that this is a usual technical consolidation phase before the bearish leg enters its 2nd phase. The 1D RSI got oversold though on December 01 and rebounded back above the 30.00 barrier, which aso explains the consolidation since, but be aware that if the 1D MACD completes a Bullish Cross, it will be time to buy and target the 1D MA50. Until then, we are bearish, aiming for a usual (since June 2022) -4.18% decline from the recent Lower High at 0.8400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURGBP BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
17
EURGBP Buy extension signal within the Channel Up.The EURGBP pair has been trading within a 2-month Channel Up pattern, with the current bullish leg rebounding on the 1D MA50 (blue trend-line) and even recently establishing the 1D MA200 (orange trend-line) as the latest Support. With the 1D MACD on a Bullish Cross since the 1D MA200 break-out, we expect the rally to continue until 0.8000, which represents a new Higher High on a +2.14% symmetry with the previous rise, just above the 0.618 Fibonacci retracement level. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURGBP BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
6
EURGBP uptrend opens up, more upside to come? **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!
Long
by Shadowing_The_Big_Boys
EUR/GBP/USD: Oct 9th, 2023 - Oct 13th, 2023It is officially Q4 and I am expecting the next quarterly shift soon. Overall, I am still bearish EUR and GBP on the quarter, but I am open to buying this month given that I am expecting this week to trigger the monthly manipulation and next week to trigger the quarterly manipulation phase. I want to eventually see the BISI(M) below price engaged on both EUR and GBP, but for now I believe we are due for a retracement, at the very least some bullishness this week. USD has already dug into it's SIBI(M) and printed a daily swing high while leaving it, which means that could be all is needed for the quarterly shift. From this week's price action, I am wanting to see if USD commits lower and a draw towards the -BB(M) on EUR and GBP, but will watch for how price interacts with the SIBI above prev. week's high(PWH). If I am correct in my analysis I expect these SIBI s to invert. EUR: Longs from IFVG , Targeting -BB GBP: Longs from +Reaper , Targeting -BB USD: Shorts from -IFVG , Targeting +BISI ----------------------------------------------------------------------------------------------------------------- GBPUSD: US Dollar: www.tradingview.com ----------------------------------------------------------------------------------------------------------------- *Not open to opposing analysis unless you can prove to me how being right analytically equates to 100% success when executing. I am here strictly to journal, while having a public conversation with myself for accountability purposes. Thank you.*
by ZaireMiller