Eurgbp!
EURGBP On The Rise! BUY!
My dear friends,
My technical analysis for EURGBP is below:
The market is trading on 0.8543 pivot level.
Bias -Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8564
Recommended Stop Loss - 0.8528
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EUR/GBP: Bullish Butterfly Pattern with ConfluenceEUR/GBP is currently exhibiting a bullish technical setup based on a harmonic pattern and RSI divergence, suggesting a potential upside move.
Harmonic Pattern Setup:
A bullish butterfly pattern is forming on the EUR/GBP chart.
Point D of the pattern, also known as the Potential Reversal Zone (PRZ), is nearing a key support area. This confluence strengthens the bullish case for a reversal at this level.
Bullish RSI Divergence:
Bullish RSI divergence is observed on both the 1-hour and 4-hour timeframes. This indicates that while price may be making lower lows, the RSI indicator is not confirming the downtrend, suggesting a potential weakening of bearish momentum.
Trade Recommendation:
Entry: Long EUR/GBP at 0.85450
Stop Loss: 0.85240 (placed below the key support area and Point D of the butterfly pattern)
Take Profit Levels:
TP-1: 0.85820 (targets the 1.618 Fibonacci extension of the XA leg)
TP-2: 0.86030 (targets the 2.618 Fibonacci extension of the XA leg)
TP-3: 0.86240 (open target, to be adjusted based on price action)
Risk Management:
Always practice proper risk management. This trade recommendation carries inherent risk. Ensure your stop-loss is set as instructed and only risk a small percentage of your capital on this trade.
Notes:
The harmonic pattern and RSI divergence are strong indications, but not guarantees of a bullish reversal. Confirmation from price action, such as a break above the key support area, is recommended before entering the trade.
Market conditions can change rapidly. This analysis is based on information available at the time of writing and may not be valid in the future.
Disclaimer:
This analysis is for informational purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
EURGBP Will Go Higher! Buy!
Please, check our technical outlook for EURGBP.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.854.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.855 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR/GBP H4 | Falling to pullback supportEUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.8533 which is a pullback support that aligns close to the 78.6% Fibonacci projection level.
Stop loss is at 0.8510 which is a level that lies underneath a pullback support.
Take profit is at 0.8577 which is a pullback resistance.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
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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
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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EURGBP: Bullish Continuation & Long Trade
EURGBP
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURGBP
Entry Level - 0.8552
Sl - 0.8534
Tp - 0.8580
Our Risk - 1%
Start protection of your profits from lower levels
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Could EUR/GBP bounce from here?Price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 0.8547
1st Support: 0.8530
1st Resistance: 0.8581
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURGBP What Next? BUY!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8549 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8585
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURGBP pullbacks towards the trend before breaking 0.86Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area.
Trade safe, Joe.
EURGBP My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8563
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8585
Safe Stop Loss - 0.8550
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Strifor || EURUSD-US CPIPreferred direction: BUY
Comment: It didn’t take long for us to realize our previous trading idea for the euro . At the moment, we have the fact that the target has been fixed. Today, the market's focus will be on the US CPI , against the backdrop of which we expect another short-term growth in favor of the main competitors of the US dollar.
The most likely scenario is an increase immediately after the publication of US inflation data (scenario №1). One can also consider buy-deal below current prices near the level of 1.07800 (scenario №2). We mark the target for short-term growth near the level of 1.09000, where the nearest resistance is located.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || SILVER-14/05/2024Preferred direction: BUY
Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver , the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly ( scenario №1). We also designate Scenario №2, and it is mainly necessary as a plan B in case of increased volatility, which is likely to happen.
The best thing, in our opinion, would be to find a long entry point using a breakout strategy at the level of 28.69664.
Additional comments on this trade will be provided as situation changes. Follow us!
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EURGBP Is Very Bullish! Buy!
Please, check our technical outlook for EURGBP.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.857.
The above observations make me that the market will inevitably achieve 0.860 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURGBP Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8613
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8586
My Stop Loss - 0.8627
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURGBP BULLISH PLAN TO MAKE MONEYMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of EURGBP BANK based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Strifor || EURUSD-Week StartingPreferred direction: BUY
Comment: The previous week passed without particularly important economic events, against the background of which we did not observe much volatility in the market or changes. Thus, the prospects for growth against the US dollar at the beginning of this week remain.
It is not too late for euro buyers to open a trade, if this has not been done earlier. The most likely option is to grow from current prices, since a rebound from the level of 1.07225 allows this to happen (scenario №1) . Scenario №2 is an alternative, but also in favor of the buyer. We fix the growth target at the level of 1.08500.
Additional comments on this trade will be provided as situation changes. Follow us!
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EURGBP Excellent short-term sell signalThe EURGBP pair easily hit our 0.5 Fibonacci Target following the symmetrical Double Bottom rebound, as mentioned on our last call (March 20, see chart below):
We now switch to the lower 4H time-frame as a strong sell signal emerged. The 4H RSI got rejected inside its 1-month Sell Zone and the pair that is trading within a Bullish Megaphone already reached (and is so far holding) its 4H MA50 (blue trend-line).
The last similar Bearish Leg reached at least the 0.618 Fibonacci retracement level before rebounding. As a result we have now a rough sell Target at 0.85635 (Fibonacci 0.618) but we will close earlier if the RSI hits the Buy Zone before the price hits the Target.
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EUR/GBP BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
EUR/GBP pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.856 area.
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Could price bounce off 618% Fibonacci support?Price has just bounced off the a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.8582
Stop loss: 0.8559
Take profit: 0.8618
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
EURGBP is approaching the uptrendHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85900 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85900 support and resistance area.
Trade safe, Joe.