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Eurgbp!

British Pound can fall to support level and then rebound upHello traders, I want share with you my opinion about British Pound. If we look at the chart, we can see how the price some days ago it rebounded down from the 0.8575 resistance level and broke it, after which the price started to trades in the range, where it declined to the 0.8530 support level, which coincided with the buyer area. Then GBP bounced from this level and quickly rose to the resistance level, after which turned around and made impulse down to 0.8500 points, thereby exiting from the range and breaking the support level with the buyer area. But soon, the British Pound turned around again and started to rise in an upward channel, which soon broke the 0.8530 level again and reached the resistance line of the channel. After this movement, the price corrected the support line and then made a strong impulse up to 0.8600 points, thereby exiting from the upward channel and breaking the 0.8575 resistance level, which coincided with the seller zone. But a not long time ago price started to decline and fell lower resistance level, breaking it again, and now GBP trades near the support level. So, I think the British Pound can decline to support level again, after which it will turn around and start to move up. For this reason, I set my target at the 0.8560 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
EURGBP Under Pressure! SELL! My dear friends, Please, find my technical outlook for EUR/USD below: The instrument tests an important psychological level 0.8570 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8551 Recommended Stop Loss - 0.8581 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Strifor || GBPUSD-28/03/2024Preferred direction: BUY Comment: The Briton is also on the buy list, and here we largely adhere to the previous two scenarios that we gave at the beginning of the week. But long-trades should be noted that they are relevant already at current prices. Scenario №1 can already be considered active. Here we can also expect a slight update of the lows at the level of 1.25700 . In addition, we are keeping scenario №2 in reserve, especially when a surge in volatility is expected at the end of this week. Our main growth target is still located at the level of 1.28000 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
Strifor || EURUSD-28/03/2024Preferred direction: BUY Comment: Today and tomorrow are the most active days in terms of the economic background. We continue to expect a medium-term reversal of the US dollar and continue to accumulate long positions against the American currency. Previously, we highlighted two scenarios for EURUSD , where scenario №1 is already in progress. But there remains a high probability of a short-term strengthening of the US dollar, in connection with this scenario №2 for the EURUSD currency pair remains, and we are waiting for a likely approach to the level of 1.07600 . The first growth target is located at the level of 1.09000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
Strifor || EURUSD-Week StartingPreferred direction: BUY Comment: Despite the significant strengthening of the US dollar , we will be more buy-first in the coming weeks. The prospect of a purchase is planned within 1–2 weeks , that is, we are dealing with a medium-term trade. At the beginning of the week, we highlight two scenarios, where scenario №1 assumes a slight update of the local minimum before growth towards the level of 1.09500 , and scenario №2 - a deeper fall before the same growth, below 1.07500 . We also note the level of 1.10000 as a potential second target. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
EURGBP I Potential rising trend and 50% fib rejectionWelcome back! Let me know your thoughts in the comments! ** EURGBP Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8
Buy EURGBP Bullish PennantThe EUR/GBP pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of the prior uptrend after a brief consolidation phase. Key Points: Buy Entry: Consider entering a long position (buying) around the current price of 0.8576, positioned near the support line of the pennant. This offers an entry point close to the perceived continuation of the uptrend. Target Levels: Initial bullish targets lie at the following levels: 0.8616: This represents the height of the pennant, measured from the top trendline to the bottom trendline, projected upwards from the breakout point. 0.8640: This is a further extension of the upside target, based on the height of the previous price movement before the pennant formation. Stop-Loss: To manage risk, place a stop-loss order below the support line of the pennant, ideally around 0.8560. This helps limit potential losses if the price breaks down from the pennant pattern. Thank you
Long
by KABHI_FOREX_TRADING
1
HelenP. I GBP can fall to support zone, where it turns aroundHi folks today I'm prepared for you British Pound analytics. A few moments ago, the price rebounded from support 1 and made a strong impulse down to the trend line, breaking support 2, which coincided with the support zone. Also then, GBP started to trades in a triangle, where it turned around from the trend line and in a short time rose to support 2, broke it, and continued to move up. Soon, the price reached support 1, but at once rebounded, and some time traded below this level until it reached the trend line, and then GBP made a fake breakout of this line, after which the price made impulse up, breaking support 1, which coincided with one more support zone. Then the price rose to 0.8600 points, after which turned around and started to decline, and at the moment, the British Pound trades near the support zone. For this reason, I expect that the EURGBP will decline to a support level, after which the price will turn around and start to move up. Therefore I set my target at the 0.8585 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Strifor || GBPUSD-21/03/2024Preferred direction: BUY Comment: After the Fed meeting , the pound, like most majors, strengthened its position and in the near future, this trend is likely to continue. Of course, surprises from the Bank of England today cannot be ruled out, so the focus on the British currency today is the greatest. It is unlikely that the regulator will suddenly lower the rate, as the Swiss Central Bank did. For the current long-deal, we consider, as always, two scenarios . Volatility cannot be ruled out in any case, so one needs to open positions extremely conservatively, and it is best to gradually accumulate position (step-by-step). Scenario №2 , as one might guess, is a kind of "plan B" , and is intended to unexpected the Bank of England's maneuvers. The target at the level of 1.28000 is the closest potential obstacle for the buyer, so we set the current Take Profit there. But longer-term prospects still locate higher, around the 1.30000 level. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
Strifor || EURUSD-21/03/2024Preferred direction: BUY Comment: As we expected, the Fed nevertheless served as a catalyst for the start of a correction in the American currency . All long trades on the EURUSD currency pair are closed, but despite this, we continue to adhere to the buy priority. At the moment, we also have two scenarios in our arsenal, where scenario №1 assumes maximum growth from the current price, and scenario №2 assumes a deeper correction before growth. The buyer is still strong, and the local highs are expected to update in the area of the 1.10000 level, where our current target is actually located. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
3
EURGBP Double bottom and rebound expected.The EURGBP pair formed a Double Bottom on the March 08 Low but is being restricted (and fail to close a 1D candle) successively below the 1D MA50 (blue trend-line). With the 1D RSI on Higher Lows, i.e. a Bullish Divergence, we expect a rebound towards the 0.5 Fibonacci level, similar to the sequence that followed the August 23 2023 Double Bottom. Our target is 0.86300. ------------------------------------------------------------------------------- ** 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
EURGBP Will Collapse! SELL! My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8557 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8550 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 ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1