Bull Flag - EGHere I have EUR/GBP on the 1Hr Chart exhibiting a Flag Pattern that looks quite BULLISH.
Now my analysis on this pair is pieced together mostly Fundamentally given that EUR & GBP both went through the ringer this morning with the Purchasing Managers Index.
BUT, EUR will be taking the cake for the rest of the week for news with:
German Business Climate & President Lagarde Speaking - Wednesday
&
Main Refinancing Rate, Monetary Policy Statement and ECB Press Conference - Thursday
If news turns out positive for EUR, that could give EUR what it needs to fulfill this Bull Flag and Break Bullish bringing the price higher!!
-OR-
Could make this Set-up impossible to find a legitimate entry..
KEEP A WATCHFUL EYE!!!
Eurgbp!
Strifor || GBPUSD-10/23/2023Preferred direction: Neutral
Comment: The pound is also taking advantage of the momentary weakness in the dollar and is recovering slightly against this background. The price will most likely reach the level of 1.22370, at which we will most likely have to wait for the short entry point again. However, the second scenario is also not excluded, in which the level will be broken upward. But even in this case, the priority of sales is stronger, thus we can assume the formation of a false breakout and the resumption of the fall in the direction of the medium-term trend.
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Strifor || EURUSD-10/23/2023Preferred direction: Neutral
Comment: The US dollar started the week with a correction and against this background, competitors began to grow. Special attention, as always, to the Euro. Here the price will approach the level of 1.06318 in the very near future. There's an obstacle waiting for buyers there. As you can see, the medium-term trend remains bearish. Therefore, for now, at the level of 1.06318 one can presumably expect a potential entry into shorts.
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EURGBP BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
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TradePlus-Fx|EURUSD: mixed success💬 Description: The dollar , after all, retains the initiative in the market, but its competitors also have mixed success. We will designate this as a success, since intraday movements in favor of competitors are quite significant and for a trader this is a potentially good profit.
At the moment, the instrument is creeping up again to the level of 1.05194, which acts as support. Short-term trades, as always, are considered in both directions. Regarding longer-term trades, we can most likely expect the price to go to 1.06350 in the very near future. At this level, there is a significant number of sellers’ stop losses; against this background, one can expect an upward impulse. Most likely this will be a false breakout, but we will know for sure a little later.
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EURGBP A nice 1:5 Short Setup hello traders
eurgbp has formed a head and shoulders pattern on a strong resistance level .
the same resistance level also happens to be the 61.8 golden fibbonacci zone if you do a fib retracement on weekly tf the daily candle also rejected that level with a inversed hammer .
wait for the price to come and retest the neckline and we might see our nice setup play out.
EURGBP uptrend opens up, more upside to come?
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Strifor || GBPUSD-10/20/2023Preferred direction: SELL
Comment: The trend of market participants moving towards safe assets continues in the market. A special place here is occupied by the US dollar, which is expected to strengthen against the British pound. In the near future, medium-term lows are likely to be updated.
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EURGBP H4 | Bearish reversal off 61.8% fibo?Price is rising towards our sell entry at 0.8730, which is an overlap resistance, aligning with the 61.8% and 100% fibo projection. Based on Elliot Wave structure that has been plotted out, we have projected the final wave, wave 5 to have its last push to the upside before the major bearish reversal.
Ideally, our Take profit would be at 0.8700, which is an overlap support level if price falls from our sell entry.
Stop loss is at 0.8762, which is an overlap resistance, slightly above the 78.6% fibo projection.
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EURGBP - Potential long ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: Tomorrow will be released yearly CPI on GBP, one of the most important news, so if the result is positive, we can see the retracement.
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Strifor || EURUSD-10/19/2023Preferred direction: SELL
Comment: The price approached the level of 1.05700, as we expected in the previous trading idea for this currency pair. Now sales are gaining momentum and it is expected that the instrument will go to update local minimums from its current target.
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Strifor || EURUSD-10/18/2023Preferred direction: SELL
Comment: The main direction is still downward, here the medium-term vision does not change. However, the results of trading on Wednesday suggest a slight recovery against the dollar. Here, an overshoot is also not excluded, that is, a movement towards 1.06000, after which the currency pair will most likely begin to fall again. As was said in previous trading ideas for this instrument, in the medium term we can expect a movement towards the level of 1.04500.
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TradePlus-Fx|GBPUSD: power of dollar💬 Description: The dollar began to gain strength again amid yesterday's US inflation data. Currency pairs reacted the most, and metals only began to catch up a little later. Metals are most likely still supported by demand against the backdrop of geopolitical tensions, where, by the way, the dollar also has weight, since US bonds are bought for dollars.
We recently looked at a potential reversal at the 1.22716 level. This area is indicated on the graph. This is exactly what is happening now. Sales priority will be canceled only if the price closes again above the specified level. In the very near future, the level 1.21166 will most likely be reached, after which as soon as the price falls below this level, we can expect a rapid fall to 1.18730.
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EURGBP Short Term Buy IdeaH4 - Bullish trend pattern followed by a double wave correction.
Price respected a strong support zone and bounced higher.
Most recent downtrend line breakout.
H1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong support zones hokd my short term view remains bullish here.
🚨EURGBP will Fall By Bump-and-Run Top Pattern🚨✅ EURGBP was able to make a Bump-and-Run Top Pattern .
🔨 EURGBP Broke the support line a few hours ago, and now it is on the Run phase of the Bump-and-Run Top Pattern.
🔔I expect the EURGBP will fall at least to the 🟢Support zone🟢 in the next hours.
Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰.
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Strifor || EURUSD-10/17/2023Preferred direction: SELL
Comment: The price of the currency pair is once again testing the level of 1.05700, in addition, the market is awaiting data on retail trading. Most likely, against the background of this, the currency pair will make a small jump above current prices, and then slide back down to the level. The target for the fall can be considered at the level of 1.04500.
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