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EURGBP

EURGBP - Long from bullish order block ✅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 and on Thursday Interest Rate. These are important news which will indicate the structure for short and mid term perspective, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
eurgbp 8hours buy/hold trade setup tp +275 pips🔸Let's review 8 hours chart for EURGBP today. speculative buy/hold setup for EURGBP bulls, accumulation in range. short-term expecting pullback from overhead resistance, shorting from resistance is a higher risk setup (bears), however focus on buy/hold instead. 🔸EURGBP trading in well-defined range since june 2023, range lows set at 8550 and range highs set at 8650 (100 pips range). accumulation in progress and expecting breakout soon, so bulls should focus on buying low after pullback. 🔸Recommended strategy bulls: bulls should wait for the pullback to complete near 8550, buy low and use fixed SL at 60 pips, TP1 +175 pips TP2 +275 pips, swing trade setup, patience required. final TP bulls / exit at 8810. good luck traders! accumulation trade setup, low risk buy/hold near range lows. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
32
EURGBP, Bear-Flag In Structure, Objections Ahead!Hello, Welcome to this analysis about EURGBP and the daily timeframe perspectives. In recent times EURGBP has developed a main bearish structure and as I discovered now there is a decisive formation in this structure which when completed will be the origin of heavy bearish continuations. Therefore, as when looking at my chart we can watch there how EURGBP has formed this main bear-flag-formation marked with the boundaries in blue, in this formation EURGBP already completed the wave-count reaching from A to C. Now as this wave-count completed it is also contributing to the more global ABC-impulse-wave-count to the downside and the wave B within this wave-count, therefore, when EURGBP closes below the lower boundary of this bear-flag this will be the activation of continuations and downside-targets marked in my chart in the 0.8225 Usd level in blue, when these targets are reached the situation needs to be elevated anew and EURGBP needs to show how it develops from there on, if there comes a potential reversal or it is just a setup for further bearish downside continuations, it will be an interesting journey. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
10
EURGBP, Ascending-Wedge, Bearish Breakout Imminent!Hello, Welcome to this analysis about EURGBP and the 4-hour timeframe perspectives. EURGBP in recent times is forming some interesting developments especially with the main formation I discovered here this can lead to increased volatility in the upcoming times. Therefore, when looking at my chart we can watch there how EURGBP has formed this massive ascending-wedge-formation, such a formation is normally known to show up with a bearish reversal to the downside. Because EURGBP already completed the ABC-wave-count within the formation a completion of the whole formation bearishly to the downside gets more likely or also EURGBP will firstly continue in the ascending-wedge with the wave-count and the development of a wave D as well as a wave E in the structure which will not be bad because this will just increase the potential for an increased bearish breakout to the downside that accelerates further. In all these cases the crucial confirmation will happen when EURGBP finally breaks out below the lower boundary of this whole formation, this will complete the formation and will be the origin for the bearish continuations. In this case, EURGBP will also activate the target-zone marked in blue within the 0.8444 level, when this zone has been reached the situation needs to be elevated anew and EURGBP has to show how it continues there, if the bearishness is heavily increased this can also just lead to a bearish continuation-setup once the zone has been reached. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
1
EURGBP, Ascending-Channel-Structure, Breakout Incoming!Hello, Welcome to this analysis about EURGBP, we are looking at the hourly timeframe perspectives. EURGBP in recent times developed a structure in which a considerable breakout has the ability to emerge when EURGBP determines the right price-actions. When looking at my chart now we can watch there how EURGBP is trading within this massive ascending-channel-formation with a coherent local wave-count within the formation and its waves A and B already completed, now within this wave-count EURGBP also forms this local bull-flag-formation marked in orange in my chart which is likely to be the appropriate origin for an upside-breakout, when this happens and EURGBP bounces above the upper boundary of the flag it will be the setup for the further continuations and EURGBP will approach the upper target zone within the upper boundary marked in blue which is the wave-C-extension target-zone. Once this zone has been reached the situation needs to be elevated anew. For now, we should expect the bullish breakout to emerge in the upcoming times as EURGBP also stays above the important EMA structure, it will be an interesting development. In this manner, thank you for watching my analysis about EURGBP and the ascending-channel structure with the upcoming breakouts to consider, support the analysis with a like and follow or comment for more market insight! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
by VincePrince
11
HelenP. I British Pound can make correction and then rebound upHi folks today I'm prepared for you British Pound analytics. Some days ago price declined to the support zone, which coincided with the 0.8560 support level, and traded there some time. But later, the price declined more to the trend line, where it rebounded and started to rise close to this line. British Pound rose to the resistance level, which coincided with the resistance zone, thereby breaking the support level again, and when it made a fake breakout of 0.8615 resistance level, the price at once rebounded and made a correction to the trend line and even declined lower, breaking this line. After this moment, the price made impulse up to the resistance level, but a not long time ago it rolled down to the trend line and broke it again. now probably British Pound can probably decline a little more and then rise to a resistance level and try to break it. After breaks, the price can continue to move up, therefore I set my target at the 0.8635 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
6
EUR/GBP Gains StrengthEUR/GBP is rising and might climb above the 0.8615 resistance. Important Takeaways for EUR/GBP Analysis Today · EUR/GBP is rising and trading above the 0.8600 zone. · There was a break above a connecting bearish trend line with resistance near 0.8600 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a steady increase from the 0.8570 zone. The Euro traded above the 0.8580 pivot level to enter a positive zone against the British Pound. The EUR/GBP chart suggests that the pair settled above the 50-hour simple moving average and 0.8590. There was also a break above a connecting bearish trend line with resistance near 0.8600. A high is formed near 0.8615 and the pair is now consolidating gains. It tested the 23.6% Fib retracement level of the upward move from the 0.8568 swing low to the 0.8615 high. Immediate support sits near the 50-hour simple moving average at 0.8590. The 50% Fib retracement level of the upward move from the 0.8568 swing low to the 0.8615 high is also near 0.8590. The next major support is near 0.8580. A downside break below the 0.8580 support might call for more downsides. In the stated case, the pair could drop toward the 0.8560 support level. Immediate resistance is near 0.8615. The next major resistance could be 0.8645. A close above the 0.8645 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8680. Any more gains might send the pair toward the 0.8720 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
EURGBP, Building Huge Flag-Formation, Steps To Confirming!Hello Traders Investors And Community, welcome to this analysis where we are looking at EURGBP 4-hour timeframe perspective, the recent events, the current formational structure, the huge decisive formation building up and what to expect the next times. EURGBP confirmed its local highs at the 0.917 level before pulling back and entering into this overall range in which it is currently trading and moving in an overall sideways market, such markets ending sooner or later with a decisive shift and alteration in price resulting in greatly volatile movements either to the up or downside. In this case, I detected the importance in the current structure which will determine the further outcomes and destiny of EURGBP, therefore it is important to wage what the market can do and what it is likely not to do in order to don't get overly speculative and look for the proper confirmations in the structure. Looking at my chart you can watch there that EURGBP is just building up this huge and massive descending wedge formation where the upper and lower boundary marked in blue which the price already touched several times, normally such formations indicating an alteration and reversal in price breaking with a volatile move to the up or downside. Furthermore, you can watch the wave-count EURGBP has formed in this wedge so far completing A-C and now setting up to form the wave D where the wave E will likely follow up in the structure. When this forms as expected the overall wave count will be confirmed and the formation can possibly move properly and confirm, this will happen when the price approaches above the upper boundary with a volatile move to confirm it with a pullback before moving on to further continuations. Next times will show how the wave-count will come to an end and the EMA supports initiating the confirmation, in this case it is highly important to hold the EMAs and don't fall below them again because this can invalidate the formation, nevertheless, the confirmational scenario is currently the most likely one. This mechanism can be traded either aggressively with an immediate entry in the range or conservative with entry after confirmation of the massive wedge, although the immediate entry is also possible here the conservative one will be much smarter as it is providing a better risk comparison. Traders have to decide individually which entry to prefer, targets can be measured around the 0.907 level, when the pair approaches here it has to be elevated how it continues and if there is a pullback expected or further continuation ahead. In this manner, thank you for watching, support for more market insight, all the best! "The ambition to transform opportunity into gold remains the most important tool for a trader." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
10
Strifor || EURUSD-09/14/2023Preferred direction: SELL Comment: Today the market is waiting for the ECB's decision on the interest rate, as well as a number of important news at the beginning of the American session. In the meantime, we continue to adhere to our idea for sale and all goals are also maintained. The rate will most likely remain at the same values, which will actually play against the euro and pull the price down. Thank you for like and share your views!
Short
by Viktor_strifor_analyst
3
EURGBP Target 1 achieved. Sell again.The EURGBP pair gave us a solid sell signal (1D RSI breaking the Higher Lows) on our last call (August 03) and has already hit our first target (see chart below): The pattern remains a Channel Down since the February 03 High, maintaining the bearish trend unless the 1D MA200 (orange trend-line) breaks. It is also possible to see a transition to a Rectangle (Resistance 1 and 1D MA200 the top). Until the Channel Down breaks though, we are opening a 2nd sell on the current market price. The target remains 0.84100 (Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
BluetonaFX - EURGBP Triangle Break LONG IdeaHi Traders! There is a potential triangle break to the upside on the EURGBP 3H chart. The price action looks very bullish; we have highlighted the downside rejection candle to take it above the 20 EMA. The market has also been swinging higher with high lows and higher highs. We are looking for further momentum to take us above the resistance area around 0.86064 and 0.86110; we must break this area and stay above the 20 EMA to continue upwards. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
3
EURGBP COULD BE A GOOD LITTLE SELL👉EURGBP @ 0.8564~ SELL 📍 SL - 0.8644 💰 TP1 - 0.8544 💰 TP2 - 0.8504 💰 TP3 - 0.8404 Hey! Everyone 👋 Currently in a 4hour squeeze at the moment, EUR is being sold off against GBP, we also have a 15 minute triangle pattern that is broken and in favour for the bears to step in. 1 Hour bounce off 200 moving average + the overall market direction being bearish is enough to consider a sell to the previous bottom ,if broken it will drop much lower. ✅📈
Short
by FX-TradingLions