EURGBP a break out could change everything very intense scenario going on eurgbp at the moment
analysing the weekly tf looks to me like the price is bullish , the price formed a double bottom broke and retested neckline .
but on lower tfs looks like something else the price formed a double top on daily and decending triangle on 1hr .
the neckline of the double to in daily is also accompanied with 100 and 200 moving averages if the price manages to break all of them without a doubt we will see a bearish move
Eurgbp!
Strifor || USDJPY-10/06/2023Preferred direction: SELL
Comment: For this currency pair, we also note a potential strengthening of the dollar, however, the more global picture here will gain the strength of a seller of the brightest of everything. It should also be immediately noted that at the very publication of data on the US labor market today, the instrument may behave opposite to the general dollar trend.
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Strifor || EURUSD-10/06/2023Preferred direction: SELL
Comment: On the eve of the non-farm, the American dollar is losing ground, and there are no good entry points until the release. Based on technical analysis, and especially volumetric analysis, the potential for a fall is identified. In this regard, we highlight sell priority and consider entry points through pending orders on non-farm.
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EURGBP H4 | Potential bearish reversalEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.86744 which is a pullback resistance level.
Stop loss is at 0.87020 which is a level that sits above the high wick of the pullback resistance level.
Take profit is between 0.86450 and 0.86373 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.
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TradePlus-Fx|GBPUSD: NFP setup💬 Description: Since yesterday, the market has been behaving rather capriciously. Most likely, this is due specifically to today's NFP . In this way, misleading market participants.
The dollar is still strong. Currency players continue to increase purchases, as the media write, but there is no point in delaying purchases of USD , especially today with its potential strengthening against the backdrop of the release of NFP data.
Regarding GBPUSD , there may momentarily be an increase to 1.22716, after which the price will most likely rush to local minimums towards 1.20000.
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TradePlus-Fx|GBPUSD: today's setup💬 Description: The British pound continues to update its lows and thereby break new local anti-records. The price has already dropped below the level of 1.21166 today, which strengthens the position of sellers, especially intraday. With a high degree of probability, we also expect a fall towards the daily support 1.18730 . Considering the average daily move along with today's news background, even this may not be enough for the price to approach the specified daily target. Therefore, it is better to fix profits until the 1.18730 level.
Regarding labor market data from JOLTS , we can expect support for the dollar, after which the price may begin an upward correction. See today's expected setup on the chart.
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All in Long EURGBPOn the weekly, #EURGBP
is very bullish and it is making a corrective wave 4, take a buy from here to 0.88 and possible to the moon.
Sellers are finding it difficult for them to push the price down because it is very bullish.
Never counter a trend,
Follow the bullish trend and go long!!!!
Don't miss out of such breakout trade as weekly is very bullish.
Always buy on a correction.
Trading with the trend is easier than being against the tide.
#forex FOREXCOM:EURGBP SAXO:EURGBP #elliottwave #wave theory
Strifor || EURUSD-10/05/2023Preferred direction: SELL
Comment: The growth attempt on October 4 turned out to be even weaker than the previous one, which took place at the end of September. Thus, you should most likely count on updating local minima. Considering the target lies at the level of 1.04500.
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Long EURGBPLast week EURGBP posted a green Heiken Ashi candle on the weekly time frame. This suggests to me that we may see another green weekly candle posted this week.
It is also the case that EURGBP posted a green Heiken Ashi candle on the daily time frame, after a series of red candles. This suggests to me that we may see a multi-day bull run.
EURGBP 04/10 MovePair : EURGBP ( Euro / British Pound )
Description :
Completed Corrective Waves " ABC " in a Corrective Pattern " Rising Wedge " and Impulsive Waves " 1234 " in a Corrective Pattern " Bullish Channel " in Short Time Frame if it Breaks the Lower Trend Line of Bullish Channel / Rising Wedge and Retrace then Sell
EURGBP MID-WEEK ANALYSIS-UPDATE 24/09/2023In the upcoming days, I'll be closely monitoring EUR/GBP with an expectation for a further continuation of the current uptrend, aligning with its recent movements. However, if the prevailing trend were to shift, we would need to consider a bearish scenario instead. Stay tuned for real-time updates as we navigate the evolving market conditions. 📈📉 #EURGBP #Uptrend #BearishScenario
EURGBP - Potential retracement ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: As we can see here price started to form higher highs and higher lows, so we are in a bullish market structure, now I expect we could see a retracement after price took out buy side liquidity. I look for a long if price fills the imbalance lower and then rejects from bullish order block.
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British Pound can rebound down of resistance level to 0.8635Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some days ago price rebounded from the 0.8635 support level, which coincides with the buyer zone and started to fall. But later it entered to upward channel, where the price first made a fake breakout of the support line and then continued to grow to the 0.8635 level. After the price reached this level, the British Pound broke it and then made the correction, after which the price continued to rise. Price reached 0.8690 resistance level, which coincide with the seller zone, and even entered to this zone, but soon rebounded below to support line of the channel. Later, the British Pound rose higher of 0.8690 level again, entered to triangle, and started to decline to the support level, thereby exiting from the upward channel. In the triangle, the price rebounded from the support line, reached the resistance line, and a not long time ago broke this line, made a retest, and continued to rise. At the moment price British Pound trades very close to the resistance level, that's why I think that the price can rebound down from the resistance level to the 0.8635 support level, which is located my target. Please share this idea with your friends and click Boost 🚀
EURGBP Under Pressure! SELL!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8675 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8657
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
EUR/GBP BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are targeting the 0.862 level area with our short trade on EUR/GBP which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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TradePlus-Fx|EURUSD: start of the week💬 Description: The attempt by buyers to recover on Friday did not justify itself, and the currency pair is still a sell priority. Level 1.06167 has proven itself to be a mirror level, which in turn confirms the current sales. The daily level of 1.05194 has shown itself only once so far, and its retest is expected in the very near future. An update to the current low is highly likely. Considering the economic calendar for this week, you can count on some pretty strong movements.
It is expected that the first half of the week will take place within the framework of a downward movement; by the end of the week, there is a possibility of an upward correction.
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