EURGBP Will Explode! BUY!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8573 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8609
Recommended Stop Loss - 0.8555
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURGBP
EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis.
I think EURGBP will bounce off next support and grab liquidity to rally up to 0.87... zone. 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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EURGBP Massive Long! BUY!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8583 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8613
Recommended Stop Loss - 0.8568
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
EURGBP Scalp longI am taking this long scalp trade. I see a bullish divergence on H1 and H4 tf. Actually is trying to break out from H1 trendline, if it can retest it and hold, we could see the target reached in some hours. I reccomend to put stoploss at break even if we get at least 15 pips of profit
⚡️Strifor || GBPUSD-US CPI‼️Preferred direction: SELL
Comment: As expected, due to the high correlation between the British pound and the Euro , the situation for these currency pairs before US inflation is absolutely the same. For this pair, scenario №1 is considered worked out. But scenario №2 does not lose its relevance.
Therefore, scenario №2 is very relevant before the publication of data from the United States . We set the downside target at 1.26000. We place the stop loss at 1.28500 , closer to 1.29000. If something happens, within the specified stop loss ranges, you can consider adding a position or re-entering the sell.
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⚡️Strifor || EURUSD-US CPI‼️Preferred direction: SELL
Comment: Ahead of the inflation data , the situation for the Euro did not change. The current sluggish recovery is due to a surge in market sales that were missed by limit buyers. This does not mean that we will now grow rapidly. Most likely, a major player has not allowed the price to move, as the impulse is delayed until the US inflation publication, which will take place today.
Two short scenarios are now autal, that is, two transactions can be active at once with a target at the level of 1.08000 . Stop loss should be placed slightly above the level of 1.11000.
Thank you for like and share your views!
EURGBP H4 | Downturn to resumeEUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop lower towards our take profit target.
Entry: 0.86123
Why we like it:
There is a pullback resistance level
Stop Loss: 0.86395
Why we like it:
There is a pullback resistance that sits above the 38.2% Fibonacci retracement level
Take Profit: 0.85778
Why we like it:
There is a pullback support level
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EURGBP H4 | Potential bearish breakoutEUR/GBP is falling towards a pullback support and could potentially break under this level to drop lower.
Sell entry is at 0.85893 which is a potential breakout level.
Stop loss is at 0.86350 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.85628 which is a pullback support.
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HelenP. I British Pound can start moving down to trend lineHi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price some days ago traded near the resistance zone, which coincided with the resistance level and even made a fake breakout, after which EURGBP rose to the trend line. Then price rebounded and made a strong impulse down until below the support zone, thereby breaking the 0.8700 resistance and 0.8590 support levels. After this movement, GBP a few time traded near the support zone and later made impulse up to the trend line, breaking the 0.8590 support level again. A short time later, the price broke the trend line and reached the resistance level, after which GBP rebounded and declined to the support level, which coincided with the trend line. Recently, the price bounced from this level, and at the moment, the British Pound continues to trade near the support level. For my mind, the price can rise a little more, and then it will rebound down to the trend line, thereby breaking support level. For this case, I set my target at the 0.8560 level, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
⚡️Strifor || GOLD-08/01/2024Preferred direction: SELL
Comment: In our extreme trading idea for gold , we assumed growth from current prices (at the 2020 level). However, as we previously assumed in our trading ideas, there is a high probability that 2024 will start with a strengthening of the US dollar.
Taking into account the review of the situation, we are forced to consider sales further. The target for this week's fall is the level of 2000 with the prospect of a further fall to 1960 . And the main scenario is to sell at current prices. We also do not exclude an extremely unlikely scenario with preliminary growth by 2040-2060 , and then a decline towards the same targets.
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⚡️Strifor || GBPUSD-08/01/2024 Preferred direction: SELL
Comment: The British pound is also being considered for sell as part of the overall strengthening of the US dollar in early 2024. Here, at the moment, we are working on scenario 1 , which we set for ourselves in the previous trading idea. However, we cannot exclude scenario 2 (updating the maximum at the level of 1.28000 ) and we must also be prepared for it.
The target for the fall also remains unchanged, namely the level of 1.25000.
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⚡️Strifor || EURUSD-08/01/2024 Preferred direction: SELL
Comment: As we said earlier, most likely 2024 will begin with a strengthening of the US dollar . For this currency pair, we also now fully adhere to sell-priority.
During this week, the support at 1.09000 is expected to break through and further fall towards the level of 1.08000 . Technical analysis supports this idea, and volumes indicate the presence of a limit seller, so the priority is to adhere to the seller’s direction.
The second scenario cannot be ruled out either, but this false maneuver is very unlikely.
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Bearish scenario with pound strengthDear FRIEND,
I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones.
As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
(Mr. Nobody)
EURGBP → Strong support at 0.8600On Tuesday's session, the FX:EURGBP was observed at 0.8605, experiencing slight gains of 0.15%. Following two days of declines and encountering robust support at the 0.8600 level, bears took a break. Despite this, the daily chart still presents a neutral to bearish outlook, and this bearish tilt remains apparent in the four-hour chart as well.
The indicators on the daily chart reflect a prevailing selling momentum. The Relative Strength Index (RSI) displays a positive incline yet remains within the negative territory, implying that while the selling pressure is somewhat easing, there is no pronounced shift in favor of buyers just yet. Concurrently, the Moving Average Convergence Divergence (MACD) with its rising red bars further highlights the current bear dominance. Moreover, the pair's position beneath the key levels of 20, 100, and 200-day Simple Moving Averages (SMAs) reinforces the widespread bearish control.
Zooming into the four-hour chart, the bearish sentiment is echoed. The tilt remains downhill as the negative slope of the four-hour RSI proclaims that sellers dominate the short-term momentum as well. However, the rising green bars in the four-hour MACD indicates a growing bullish undercurrent and a possible bearish exhaustion. It may imply that bears are taking a breather, and a temporary reversal might be on the cards if buyers manage to build an effective momentum. However, the overall outlook remains dominated by the sellers in the short run.
EURGBP [OLHC] MONTHLY BUY SETUPMonthly Structure Analysis for EURGBP
OLHC (Buy Setup)
Examining the initial monthly structure for the year 2024 of the EURGBP currency pair in the daily timeframe reveals a distinctive OLHC pattern (Open, Low, High, Close), indicating an optimal Buy Structure. Currently, we are anticipating a TDI cross ❎ to validate the presence of buyers in the market. Upon confirmation, the target points are outlined as follows:
1st 🥇 Target: 0.86165
2nd 🥈 Target: 0.86351
3rd 🥉 Target: 0.86501
4th Target 🎯: 0.86651, coinciding with the opening level for the ongoing month of January 2024.
Exercise patience when executing trades and implement sound risk management strategies. If you find this analysis beneficial, please show your support by liking 👍, sharing, and leaving a comment.
EURGBP - Short active ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I expect price to reject from trendline + 0.618 FIBO level + institutional big figure 0.86000.
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GBP looking strong across the board so SHORTING EUR/GBPWith the start of week looking GBP BULLISH, then we would expect EUR/GBP to come under pressure. The price of EUR/GBP has hit the 50 day EMA and all the EMA's are headed south so I expect EUR/GBP to follow.
Tight STOP just above weekly mid pivot at .8628 area and the target is WS1 weekly support at .8566