EUR/GBP - So close.. So close and yet so far..
So close to the lows zone and yet so far from our entry..
We need to wait for a good pullback to continue selling!
Sometimes you have to be patient, and other times you have to pull the trigger.
If the outlook is good, the strategy always adapts.
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Eurgbp!
EURGBP Massive Long! BUY!
My dear friends,
My technical analysis for EURGBP is below:
The market is trading on 0.8393 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8415
Recommended Stop Loss - 0.8382
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURGBP to find sellers at marabuzo resistance?EURGBP - 24h expiry
Broken out of the channel formation to the downside.
Yesterday's Marabuzo is located at 0.8431.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
We look for a temporary move higher.
We look to Sell at 0.8430 (stop at 0.8446)
Our profit targets will be 0.8390 and 0.8375
Resistance: 0.8420 / 0.8430 / 0.8445
Support: 0.8415 / 0.8404 / 0.8380
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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EURGBP Will Go Higher From Support! Long!
Please, check our technical outlook for EURGBP.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.841.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.843 level.
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.
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EUR/GBP BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on EUR/GBP right now from the support line below with the target of 0.844 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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EURGBP: Long Trade with Entry/SL/TP
EURGBP
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURGBP
Entry Point - 0.8415
Stop Loss - 0.8405
Take Profit - 0.8433
Our Risk - 1%
Start protection of your profits from lower levels
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EURGBP Is Going Down! Sell!
Here is our detailed technical review for EURGBP.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.843.
Considering the today's price action, probabilities will be high to see a movement to 0.840.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EUR/GBP BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on EUR/GBP right now from the resistance line above with the target of 0.841 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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EUR/GBP H4 | Potential bullish bounceEUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.8413 which is a pullback support.
Stop loss is at 0.8390 which is a level that lies underneath a swing-low support.
Take profit is at 0.8453 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level.
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EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP was trading in an uptrend and currently is attempting to break it out. If we get decent dips below the support we will be watching a potential retrace of the trend towards more downsides!
EURGBP: Bullish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
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EURGBP Forex trade idea. Longs from demand levelEURGBP Forex trade idea. Longs from demand level. There is a strong weekly demand imbalance on EURGBP. Expecting a decent rally in the following days. Long bias using supply and demand imbalances, also good for short term intraday long Forex positions.
Trading Idea: GBP/EUR Resistance BreakoutCurrent Resistance Level: GBP/EUR is currently facing a resistance level.
If the price breaks above this resistance, it could signal a potential bullish breakout.
Next Target: After the breakout, the next key resistance level becomes the target.
Bullish Pattern: There is also a potential bullish pattern forming, which could further support the breakout scenario.
A confirmed breakout above the first resistance could lead the price to rally toward the second resistance level.
Confirmation: Wait for a clear break and close above the current resistance, and a confirmation of the bullish pattern, to strengthen the breakout signal.
Risk Management: Consider placing a stop-loss below the previous support level to manage risk in case of a false breakout.
EURGBP The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the EURGBP next move:
The instrument tests an important psychological level 0.8443
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 - 0.8433
My Stop Loss - 0.8451
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURGBP: Bearish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the downward direction.
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#EURGBP 1DThe EUR/GBP pair has shown a bullish outlook with potential buying opportunities at its current levels. The resistance level at 0.84100, indicating that price movement could face significant resistance around this point. A breakout above this resistance may signal further upward momentum. Traders might consider entering long positions if the price successfully surpasses this level, but should also watch for any signs of reversal or consolidation near this area. As always, it is advisable to monitor fundamental and technical indicators for additional confirmation.
EURGBP, Time for correction ?Hello Traders, Hope you are doing great.
for upcoming days, we'll probably see a downward correction from one of this red zone to Specified blue level. so with a proper trigger we can open a short position.
and finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
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THANKS.
Heading into 38.2% Fibonacci resistance?EUR/GBP is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.84550
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.84913
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.84077
Why we like it:
There is a pullback support level.
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Long Trade For Monday: EUR GBP Long. Please read below.
The EUR / GBP is parked very bullishly on W/Bottoms on the higher timeframes but their also exists a bullish H"S" Pattern on the 2HR timeframe. This pattern had already retested the Neckline.
High timeframe RSI & Stochastic's are also very bullish to bring the EURO out of Ovesold territory and rally hard agains the Pound.
I will buy the breakout of the trendline in the chart attached.
Cheers,
easy_explosive_trader.