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Eurgbp!

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
HelenP. I After breaking trend line, GBP can continue to riseHi folks today I'm prepared for you British Pound analytics. A short time ago price declined to resistance 1, but at once rebounded and started to move up to resistance 2, which coincided with the resistance zone. EURGBP at once rebounded from this level and fell below, but soon it bounced back and even entered to resistance zone, where it reached the trend line. After this, the price started to decline and in a short time, it broke resistance 2 and fell to resistance 1 level. Later British Pound broke this level too and declined to the 0.8555 support level, which coincided with the support zone. But a not long time ago it rebounded from this level to the trend line and broke it. Now price trades near the support zone and I expect that the British Pound can make a retest of the trend line and then rebound up. That's why I set up my target at the 0.8620 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
EURGBP Is Bearish! Sell! Here is our detailed technical review for EURGBP. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.856. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.851 level soon. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURGBP H4 | Bouncing off 78.6% Fibo level??EURGBP is bouncing off our buy entry to our take profit level. Entry: 0.85622 Why we like it: There is a multi-swing-low support and it aligns with the 78.6% Fibonacci retracement level. Stop Loss: 0.85622 Why we like it: There is the pullback support level Take Profit: 0.86163 Why we like it: There is the pullback resistance level 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.
Long
by VantageMarkets
1
EURGBP H4 | Bullish Bounce?EURGBP is rising from a swing low support toward our take-profit target. Entry: 0.85664 Why we like it: There is a multi-swing-low support level. Stop Loss: 0.85665 Why we like it: There is the pullback support level Take Profit:0.85873 Why we like it: There is swing-high resistance level 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.
Long
by VantageMarkets
EURGBP Will Go Up From Support! Long! Take a look at our analysis for EURGBP. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.860. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.865 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
British Pound can correct to support line and then start to growHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price some time ago rebounded from the support line and made an upward impulse to 0.8765 points, thereby breaking the 0.8700 resistance level, which coincided with the seller zone. After this, the price rose a little more and then started to decline in a downward channel, where it in a short time fell to the 0.8700 level. EURGBP tried to rise, but failed and declined lower than 0.8700 level, breaking it again. After the breakout, the price some time traded near this level and then continued to move down to 0.8620 current resistance level. When the price fell to this level, it rebounded and tried to reach the resistacne line of the channel, but not long time ago British Pound around down and broke the 0.8620 level. Now it trades below and I think the price can decline to the support line and then rebound up to the resistance line of the downward channel, thereby breaking the resistance level. For this case, I set up my target at the 0.8635 level, which coincided with the support line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4