EURGBP: Euro strength back?!EURGBP
Intraday - We look to Buy at 0.8465 (stop at 0.8415)
We are trading at oversold extremes. A bullish hammer has been formed on the 4hr timeframe. This is positive for sentiment and the uptrend has potential to return. A higher low has been formed. Preferred trade is to buy on dips.
Our profit targets will be 0.8615 and 0.8710
Resistance: 0.8505 / 0.8600 / 0.8710
Support: 0.8400 / 0.8295 / 0.8200
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Eurgbpbullish
EurGbp- 0.85 is now strong supportAfter finding a strong base under the 0.83 zone and testing this zone multiple times this year, EurGbp has strongly broken above 0.85 zone resistance last week.
Now the pair is looking upwards towards the next resistance at 0.87 and, in my opinion, dips around 0.85 should be bought.
A dive under 0.84 would negate this scenario
EurGbp can correct to 0.8650Since January, EurGbp is trading in a 200 pips range between 0.8250 and 0.8450.
0.8250 at this moment is very strong support and the pair could correct higher to the next resistance at 0.8650
As long as support is intact, buy dips is my strategy for this pair and only a daily close under support would negate this scenario.
EURGBP LONGS📉📉📉📉 Expecting bullish price action on EG as price takes out weekly lows liquidity and closing bullish above. We had a strong bearish movement without correction and i expect the price to retrace in the upcoming days, a lot of bearish imbalances were formed around 0.84200 / 0.84700 price area.
What do you think ? Comment below..
EURGBP LONG#EURGBP LONG (nr1)
➖➖➖➖➖➖➖➖➖➖➖➖
The pair is currently in a bullish trend and i expect to see bullish continuation and price to settle above 0.84700 resistance.
➖➖➖➖➖➖➖➖➖➖➖➖
I am going long on EURGBP
My open position
ENTRY: @ 083832
TP: @ 0.84740
SL: @ 0.83600
➖➖➖➖➖➖➖➖➖➖➖➖
Please use small lots if you gonna trade on this idea.
➖➖➖➖➖➖➖➖➖➖➖➖
Please like, comment and share if you like my idea.
➖➖➖➖➖➖➖➖➖➖➖➖
This is a repost as my first one was removed because i break the rules by posting links
EURGBP: ASCENDING TRIANGLE PATTERN.Welcome members, old and new ones to this EURGBP hourly update.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
EURGBP is under the ascending triangle and technically these patterns are a bullish formation that anticipates an upside breakout. So, here's the deal, once EURGBP breaks out of this ascending triangle that is above £0.843, we can enter long. That will be a clear-cut confirmation. Exit the trade if it breaks down below £0.837.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
EURGBP are we setting up for a reversal?Hi Traders,
EURGBP is setting up for a bullish reversal as price is moving within a LTF descending channel at the bottom of the HTF boundary. Wait for a Reversal Impulse and continuation before placing a buy order.
Follow your trading plan and entry criteria.
Share your analysis below and let me know your view on this pair.
Click the like button if you agree with this idea!
EurGbp may have found the bottomSince the beginning of 2022, EurGbp has tried to drop under 0.83 on 5 occasions and each time reversed.
A bottom can be in place for this pair and a rally to 0.85 resistance can follow.
In my opinion, dips should be bought with that target in mind and only a clear break under 0.83 would change my bullish opinion
EurGbp- Bullish Engulfing to mark reversalIn my previous EurGbp analysis I said that 0.83 should be strong support for the pair and, after a very short dip under this level, EurGbp has reversed strongly, leaving a large Bullish Engulfing on our daily chart.
This very well can be the start of a medium-term uptrend for the pair and 0.87 can be bulls target.
Dips under 0.84 should be bought and only EurGbp under yesterday's low would negate this scenario