EURGBP Short OANDA:EURGBP
This is what I call " the price has moved too far too fast" and formed a sharp peak, I doubt that further upward movement is sustainable. I'am expecting a gradual, smooth landing on the support.
Eurgbp!
EURGBP: Bulls Will Push Higher
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
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EUR/GBP potential bullish rise?Price has just bounced off the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.85516
Why we like it:
There is an overlap support level which aligns with the 78.6% Fibonacci retracement.
Stop loss: 0.85204
Why we like it:
There is a pullback support level
Take profit: 0.85856
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
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 | Long H1 | Market Exe | Two Zones StoryTechnical Confluences for Trade:
- Stochastics are in Oversold Conditions on H1 & H4 time-frame
- Price is currently at a 78.6% Retracement level from Previous Low-High
- Price action should bounce between both Supply-Demand Zones
- Price is entering a Demand Zone (Yellow Zone)
- Aiming for the next Supply Zone (Blue Zone) at a 61.8% Fibo retracement & resistance from Trendlines
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8540 - 0.8550
SL @ 0.8526
TP 1 @ 0.0.8580 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8606
Risk-to-Reward @ Approx. 2.63 (Depending on Entry Level)
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EURGBP LONG/BUYEURGBP has recently bounced from a major support level on the 4-hour timeframe, with the RSI indicator confirming oversold conditions. Additionally, COT data indicates a significant number of financial institutions holding short positions on the GBP. All signs point to a potential bullish trend for the EURO.
📉 Expectations:
We anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns, representing a long-term position. Ensure you have sufficient margin to manage market fluctuations and implement proper risk management aligned with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: Only enter the trade if it surpasses our entry-level (GREEN LINE ON THE CHART).
2️⃣ Rule 2: Upon reaching Target 1, consider closing some positions or adjusting your STOP LOSS to ENTRY price for safer trading.
3️⃣ Rule 3: After achieving Target 1, refrain from initiating new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for over 2 days, close the trade and patiently await the next favorable trading opportunity.
Feel free to reach out if you have any questions or need further clarification. Happy trading! 📈✨
EURGBP LONG/BUYEURGBP has recently bounced from a major support level on the 4-hour timeframe, with the RSI indicator confirming oversold conditions. Additionally, COT data indicates a significant number of financial institutions holding short positions on the GBP. All signs point to a potential bullish trend for the EURO.
📉 Expectations:
We anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns, representing a long-term position. Ensure you have sufficient margin to manage market fluctuations and implement proper risk management aligned with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: Only enter the trade if it surpasses our entry-level (GREEN LINE ON THE CHART).
2️⃣ Rule 2: Upon reaching Target 1, consider closing some positions or adjusting your STOP LOSS to ENTRY price for safer trading.
3️⃣ Rule 3: After achieving Target 1, refrain from initiating new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for over 2 days, close the trade and patiently await the next favorable trading opportunity.
Feel free to reach out if you have any questions or need further clarification. Happy trading! 📈✨
EURGBP in the first half of 2024A glimpse of the EURGBP in the first half of 2024
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According to my risk and capital management system, the risk of each trade is one percent per position.
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How I Shorted the NY top on EUR/GBP **Educational** 4/26/24First thing I did was identify the trend.
The market is clearly locally in a downtrend, so I was looking for a short today.
The next step was to wait for New York's Initial Balance (NY IB) to form.
(The NY IB is the high and low of the first hour of NYs open.)
Once the IB is formed we wait to see how price interacts with it in order to make an educated decision.
In this case price broke above the IB and failed to find enough buyers to push higher, so price simply re-entered the IB, and formed a failed auction.
The Next thing I look for is confluence to support my idea.
You can see just above the IB high, we had the Fib golden pocket and the VWAP.
(The golden pocket is the 0.618 to 0.66 fib retracement, and the VWAP is the Volume Weighted Avg Price)
One of the final things I look at is Volume and footprint.
You can see here when I zoom in there is alot of buying into the resistance level.
And that buying is followed by even heavy selling that is causing price to reject from the resistance.
You can even see the delta is heavily negative as price moves away.
It is obvious bears are in control here
Now that everything is aligned, and I have a plan, the last part is to enter the trade.
This is simple, price gets acceptance back inside of the IB, and I entered on the backtest of the IB.
Stoploss above the high and I look to take profit at the IB low.
EURGBP Breakout and Potential retraceHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85600 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85600 support and resistance zone.
Trade safe, Joe.
Strifor || GBPUSD-26/04/2024Preferred direction: BUY
Comment: The British , just like the euro , has fully worked out all of our previous trading ideas that we published earlier. Buy-priority remains relevant, but growth is more limited. It should also be noted that if the price closes above the level of 1.25000 on the weekly chart, one can expect higher targets, namely the level of 1.28000 .
At the moment, the price is expected to fix at current levels (scenario №1) or rise towards the level of 1.26000 (scenario №2) .
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || EURUSD-26/04/2024Preferred direction: BUY
Comment: All previous trading ideas for the euro were closed with profit. For now, it's best to wait until next week, but we're already highlighting the two most likely scenarios. The euro remains bullish and there is short-term growth potential. In addition, there are assumptions regarding the level of 1.09000. and even 1.09500 , where the price may be heading. But these are just thoughts and rumors for now.
There are two most likely scenarios in front of you; there is a possibility that today the price will record its presence near 1.08000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GBPUSD-24/04/2024Preferred direction: BUY
Comment: The pound , like the euro , worked out the trading idea that we published at the beginning of the week. However, the growth most likely will not end there, and one can also wait for another jump upward towards the level of 1.25500 . If the price fixes above the level of 1.25000 on the daily chart, we can even talk about growth towards the level of 1.28000.
For a short-term trade, we are considering two scenarios, where scenario №1 is growth from current prices, and scenario №2 is growth after a slight pullback downward towards the level of 1.24000 .
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || EURUSD-24/04/2024Preferred direction: BUY
Comment: The long-awaited growth in the euro , which we considered and held the position for two weeks. Most of the potential growth has been spent. Buyers still dominate and buy off sales in the market. Most likely, there will be another shot upward towards the level of 1.08000 . However, we limit ourselves to the target at the level of 1.07500.
We highlight two scenarios (see chart). Today, just like yesterday, we are waiting for a lot of statistics from the EU and especially the US , against the backdrop of which the expected upward movements may act.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || SILVER-23/04/2024Preferred direction: BUY
Comment: Metals , on the contrary, show a negative trend at the beginning of the week, but within the framework of long-term movement, this is just a normal correction. Long trades of both gold and silver are considered. For silver , the price approached important support at the level of 26.50 , from where last time we recorded a maximum at the level of 29.78. A more likely scenario involves growth from this support with a target at the level of 28.50 ( scenario №1 ). Scenario №2 assumes growth after a small false movement towards the support area of 25.50 .
Additional comments on this trade will be provided as situation changes. Follow us!
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EUR/GBP potential bearish reversal?Price is rising towards a resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.85856
Why we like it:
There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 0.85999
Why we like it:
There is a pullback resistance level.
Take profit: 0.85516
Why we like it:
There is a pullback support which aligns with the 78.6% Fibonacci retracement.
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 Massive Short! SELL!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8600 pivot level.
Bias - Bearish
My Stop Loss - 0.8615
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8576
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURGBP - Short Trade IdeaThis is a short idea I have, and most likely it will come to fruition. We have a good liquidity pool taken out with a great reversal displacement. We also have a great draw on liquidity for the buyside.
See here for my analysis on the Daily timeframe.
Refer to my notes within the screenshots for context.
Happy trading!
- R2F
EURGBP Will Grow! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.858.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.860 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 Long From Support! Buy!
Hello,Traders!
EUR-GBP is going down
Now but a strong horizontal
Support is ahead at 0.8579
So after the retest we think
The pair will make a rebound
And will go up
Buy!
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Check out other forecasts below too!
EURGBP : Long Trade , 4hHello traders, we want to check the EURGBP chart. After breaking the channel and a strong upward movement, the price is making a correction to a key level. We expect this level to play the role of a support level and the price will maintain its upward trend and grow to around 0.86400. Good luck.
Strifor || EURUSD-Week StartingPreferred direction: BUY
Comment: After a busy weekend, the market is coming to its senses. There was no downward gap in the euro due to the worsening geopolitical situation in the Middle East. Short-term bearish sentiment remains, but a potential recovery can be expected within this week.
Growth is expected towards the level of 1.08000 . Two scenarios are considered, and the main one assumes growth after a slight update of the current local minimum (Scenario №1) . A more aggressive seller scenario (Scenario №2) involves buying around the level of 1.05500.
Additional comments on this trade will be provided as situation changes. Follow us!
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EURGBP increased at the beginning of the week but has reversedEURGBP rallied earlier in the week but reversed its course on Thursday after failing to clear trendline resistance at 0.8570, with prices dropping towards the 50-day simple moving average at 0.8550. The pair is likely to stabilize around current levels before mounting a comeback, but in the event of a breakdown, a dip towards 0.8520 and potentially 0.8500 could be around the corner.
Alternatively, if bulls manage to reassert dominance and push the exchange rate higher, resistance emerges at 0.8570 as mentioned before. Breaking through this technical obstacle could set the stage for a surge toward the 200-day simple moving average near the 0.8600 handle.
