EURGBP _____ INCOMING QUICK SHORT TRADEHello Guys,
How has the week been so far... Well for me, kinda bumpy but it's part of the game so I'm good.
Anyways, here we have a pair that just swept a monthly high (buy-side liquidity) and price formed a CHOCH on the daily timeframe, hence, the daily supply order.
I have set an alert for when the price will trade into the daily order block. Once that happens, I will drop down to the 1-hour timeframe to see if I will get my trade setup to go short.
Follow for more updates like this.
Cheers,
Jabari
Eurgbp!
EUR-GBP Will Go Down! Sell!
Hello,Traders!
EUR-GBP has established
A double top pattern and then
Broke the key horizontal level
Of 0.867 and the breakout
Is confirmed so I think that
We will see a further move down
Sell!
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Strifor || EURUSD-09/27/2023Preferred direction: Neutral
Comment: The currency pair worked out the previous short scenario perfectly and at the moment all transaction goals have been achieved. At the moment, the price will move on, and it would be best to take a break and watch the market. In the near future, a rollback to the level of 1.05700 is expected, from where we will consider potential entry points.
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EURGBP, A journey to 0.83, H4 folloup Analysis!Please read my previous analysis on Weekly analysis (link below) then come back to this H4 analysis!
In short in H4 we see signs of a trend reversal if the price closes below the 0.8670 price mark, especially at the end of this week then there is a good chance that a journey to 0.82-0.83 has begun!
EURGBP On The Rise! BUY!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8671
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8692
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Banks Across Europe Pause for Breath after Mammoth Rate Hike RunHello guys, my idea on EURGBP is that we are overall in a uptrend and due to the pause for breath after the mammoth rate hike run the trend might reverse or continue little higher before we expect a reversal to the downside.. trade safe. James ❤
EUR/GBP BEARS ARE STRONG HERE|SHORT
Hello,Friends!
EUR-GBP uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.862 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/GBP pair.
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EURGBP KEY LEVEL BREAKOUT FOR A BULL RUNEURGBP has confirmed a bullish breakout on the key level formed. Here we see a healthy pullback formation in order to retest the breached level one more time before the lift off. We believe the price is about to create an harmonic pattern with a strong support created on the bottom which is about to show a bullish run towards the previous daily swing high.
EURGBP faces dual resistance challengesEURGBP currently encounters two resistance levels : one from the downtrend and another from a sideway pattern. We're closely monitoring this pair, and if it manages to break through both of these resistances, it could potentially make a strong upward move towards the next resistance levels at 0.8850, 0.8920, and 0.8950.
Moreover, if it respects these resistance levels and shows signs of weakness, we may consider a short position with targets set at 0.8520, 0.8430, and 0.8350 .
EURGBP: Top-Down Analysis 🇪🇺🇬🇧
EURGBP is trading within a wide horizontal range on a daily.
Its upper boundary was reached last week.
Analyzing the reaction of the price to that, we can spot a narrow horizontal range
on an hourly time frame.
Its support has just been broken - it is an important sign of strength of the sellers.
I anticipate a further decline now to 0.8666 / 0.865
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Strifor || EURUSD-09/25/2023Preferred direction: SELL
Comment: Friday's targets remain in effect, thus a further fall to 1.06147 is expected. At this level, there are volumes of buyers that will be closed when local minimums are updated. Therefore, we can assume a downward impulse after achieving today's target. In this case, the second target will be located near the level of 1.05700.
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EURGBP To Parity and beyond#EURGBP peaked during the #GFC @ 0.98
I expect during these coming few years and possibly next financial crisis this to be run.
What does this suggest severe weakness in the UK economy
Or the ability and the magnitude of easing to come from the BOE to dwarf the ECB's response
either way trade with the prevailing trend would be my take
#HVF
@TheMarketSniper @TheCryptoSniper
EurGbp could rise above 0.88In the past 3 months, EurGbp has traded in a range between 0.85 zone and 0.8650
Last week, however, the pair managed to break above resistance an after a long time of consolidation we could expect continuation.
In this case, the next important level of resistance is above 0.88
The bullish scenario is valid as long as the pair stays above old resistance, now support
EURGBP Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring EURGBP for a buying opportunity around 0.86600 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86600 support and resistance area.
Trade safe, Joe.
EUR/GBP:UK Retail Sales Show Mixed Performance in AugustUK Retail Sales Show Mixed Performance in August
In the ever-fluctuating world of economics, retail sales are a vital barometer of consumer sentiment and overall economic health. The latest data for UK Retail Sales in August paints a nuanced picture of the country's economic recovery.
In August, UK Retail Sales rose by 0.4% on a monthly basis, indicating a modest increase in consumer spending. However, on an annualized basis, there was a contraction of 1.4%. This means that while there was a slight improvement in retail activity compared to the previous month, it still lags behind the performance seen in the same period the previous year.
Economists had predicted a monthly increase of 0.5%, which suggests that the actual figure fell slightly short of expectations. Additionally, the annualized contraction of 1.4% was more pronounced than the anticipated 1.2% decrease.
To provide context, it's worth looking at the performance of UK Retail Sales in July. In that month, retail sales experienced a significant decline, dropping by 1.1% on a monthly basis and contracting by 3.1% on an annualized basis. This marked a substantial setback in consumer spending.
Core Retail Sales Offer a Mixed Bag
When we delve into the core retail sales figures, which exclude the more volatile automobile sales, we find a somewhat mixed performance for August. Core Retail Sales increased by 0.6% on a monthly basis, indicating some resilience in consumer spending. However, on an annualized basis, there was a decline of 1.4%, which suggests a lingering economic challenge.
Economists had predicted a monthly rise of 0.6% and an annualized contraction of 1.3%. The actual figures closely aligned with these expectations, highlighting the predictability of core retail sales compared to the broader retail sector.
To put this into perspective, in July, Core Retail Sales showed a sharper decline, dropping by 1.4% on a monthly basis and 3.3% on an annualized basis. This reinforces the idea that core retail sales have been somewhat steadier in the face of economic uncertainties.
Looking Ahead: Preliminary PMI and Forex Trends
As we look ahead, it's essential to consider the impact of economic indicators and forecasts on currency markets, particularly the EUR/GBP currency pair. The preliminary UK S&P Global/CIPS Manufacturing PMI for May is anticipated to be at 43.0, indicating potential challenges in the manufacturing sector. The Services PMI is forecasted at 49.2, suggesting a cautiously optimistic outlook for the service industry. The Composite PMI, expected at 48.7, reflects a delicate balance between the two sectors.
Forex traders are closely monitoring these figures, as they can influence currency movements. However, it's important to remember that economic data can sometimes defy expectations, leading to market volatility.
For the EUR/GBP currency pair, there's a cautious bearish sentiment as it approaches a significant horizontal resistance area between 0.87500 and 0.87800. A potential rebound in this region could be accompanied by a pullback in the prevailing bearish trend. This scenario might see the price testing support levels at 0.8675 and 0.85200.
In the complex world of forex trading, staying informed about economic data and understanding market sentiment is key to making informed decisions. The UK Retail Sales data and the upcoming PMI figures provide valuable insights for traders seeking to navigate the ever-evolving forex landscape.
EUR/GBP Daily chart.
EURGBP - Price can make retest support level and continue riseHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
When price bounced from $0.8555 support level, which coincided with support area, it rose a little higher, but soon fell below.
After this movement, British Pound made strong upward impulse to next support level, breaking $0.8555 level and entering to falling channel.
Inside channel price a few time later fell below $0.8555 level to support line, but then it bounced up to resistance line.
Also recently, British Pound exited from falling channel and soon rose higher than $0.8675 level, breaking it.
At the moment price trades in resistance area and I think British Pound can make retest of support level.
Then price can bounce from this level and continue to move up to $0.8750
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EUR/GBP LONG IDEAIt’s currently Thursday and price delivered a huge move up which is displacement after CPI news release, my expectations on the next upcoming week is to see price slowly approach the 4h +OB, this is a high probability trade since the daily is bullish and now the 4h has turned bullish once again after some consolidation (liquidity) that has occurred previously. OVERALL: daily bullish, 4h bullish, LQ swept, Displacement during CPI event, next up we wait for trade entry, PEACE✌️.