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Eur-gbp

EURGBP - Wait For The Bears ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURGBP has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline. Moreover, the zone 0.87 is a resistance zone. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. As per my trading style: As EURGBP approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
7
EURGBP Wait for a higher sell entry.The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that opportunity to sell and target initially Support 1 (0.85050) and then Support 2 (0.84100) in extension. A good sell confirmation signal can be when the 1D RSI breaks below its Higher Lows trend-line, followed by a rejection on the 1D MA50 as a Resistance. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
4
EURGBP Potential UpsidesHey Traders, in today's trading session, our focus is on the EURGBP currency pair, specifically looking for a favorable buying opportunity around the 0.85750 zone. The recent price action of EURGBP has been showing a downtrend, but it has successfully broken out of that trend. At present, the pair is undergoing a correction phase, and it is nearing a critical area of support and resistance at 0.85750. From a fundamental standpoint, we are closely monitoring potential short positions on the GBP in anticipation of the upcoming Bank of England rate decision and any accompanying forward guidance. The GBP is showing signs of being overbought, which could potentially lead to a reversal in its current strength. This development could further support our interest in considering a long position on EURGBP. To summarize, we are closely observing EURGBP for a buying opportunity around the 0.85750 zone due to the recent breakout from its downtrend. Additionally, we are keeping an eye on potential GBP short positions given the impending BoE rate decision and the perceived overbought conditions of the GBP. Trade safe. Joe.
Long
by JoeChampion
9
EUR/GBP long ideaHello Traders EUR/GBP has finalized its long correction phase. So we expect some sharp moves in EUR/GBP in the next few days. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments
2
EURGBP, H1 | Potential reversal We're seeing price rise towards a major overlap resistance at 0.8552 which also coincides with a 23.6% Fibonacci retracement, 38.2% Fibonacci retracement and a shorter term 61.8% Fibonacci retracement. It's worth noting that there's a fair bit of bearish momentum too wish the descending resistant line and the bearish ichimoku cloud pushing prices down. A drop from here could see pries drop to 0.8524. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
1
EURGBP: Sell following the 1D MA50 rejection.EURGBP got rejected last week on the 1D MA50 turning the 1D timeframe bearish technically (RSI = 42.823, MACD = -0.002, ADX = 20.983). Given the fact that the 2023 pattern is a Bearish Megaphone, we expect a continuation of this downtrend to the LL trendline. We are selling with an initial target on the 0.786 Fibonacci level (TP = 0.84450). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1