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Eurgbpforecast

EURGBP - CURRENTLY IN DISCOUNT PRICINGTechnical Overview: - EUR/GBP We have had the chance to enter on a buy position last week and followed by closing the position before the initial drop we were anticipating. HTF - We are oversold from a higher time frame perspective and should be looking for long potential opportunities, since we are in the start of the week and US markets are closed on Monday, we do expect price to potentially going lower before we look for any buy opportunities. We will be approaching this with more caution and look should for confirmation before entering any to the upside. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
7
EUR/GBP FORECASTGood day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have just Completed an "M" formation We expect the price to continue dropping until the Demand zone and then start it's correction move . Weekly : We also have an "M" formation as well and the neckline is exactly in confluence with the 0.5 Fib level taken on the previous impulse leg. Daily : We are currently in an accumulation phase and we might see the price dropping a little bit more in order to grab the necessary liquidity for the correction move and then complete the "M" and "W" pattern . COT : Institution have been Increasing net positions in EUR since they added more than 4000 long positions and closed to 800 Short position during the last report. From an GBP perspective we are still looking at a strong GBP because hedge funds added more longs positions than shorts and this explains the fact that there will be a lot of sell limits on this pair and then support our idea of correction in the market. 8H: We have a descending channel , we failed to break through this channel during the previous week and we need a strong impulse to do so which mean we need to be at a strong level of demand to be able to make a massive impulse to the upside. Short term Trade : We will be entering at the next touch of the trendline for the continuation toward the demand zone. Long term : If the price succeed to drop at the demand zone we will be monitoring the price for a change of environment in order to enter a long position and capitalize in the retracement. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Short
by TheDayzen
3
EURGBP - CURRENTLY IN DISCOUNT PRICETechnical Overview: - EUR/GBP We had seen the bearish run down raiding the support level at 0.88500 many buyers and sellers were interested in this very special level. Due to the fact that the market likes to move where there is liquidity, it is no surprise that we raid this very key lows. Many of us are taught to buy where price is mostly rejecting, and that's exactly what the big banks want you to believe. We were anticipating this raid to the downside clearing all buyers and sellers before we can look for buy opportunities. It is very crucial to point out that we are in discount pricing meaning price is oversold, thus giving us a chance to look for buy potential. We do anticipate price to come down lower from a smaller time frame, however higher time frame we are using this as a chance to buy these deals! Remember this is our free analysis! To learn more find out below. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
14
EURGBP H4 TIMEFRAME ANALYSIS 3R TARGETAs you can see from the chart we wait for the price to reach the key support level near the two green lines near the lower channel line. We buy this pair expecting it to fuel higher up to the upper channel line before it does what it is known to do as usual. As you can see this week we are already in a good profit from our previous analysis, this is actually fantastic. We hope you will also get phenomenal rewards on this. Just stay with us. (Disclaimer, invest at your own risk). This is our view. What is your view on this pair?
Long
by Piptera-Digital-Solutions
EURGBP TECHNICAL ANALYSIS: SHORT POSITION +70 PIPSEURGBP on my last analysis on the weekly chart, managed to break above the strong structure, so I'm personally looking for sell opportunities to enter in the market. The pair ranged between 0.89200 - 0.88680 and now was able to breakdown and is currently retesting the new resistance, if the resistance gets clearly rejected and we can see a possible down continuation i will open a sell position, until the formation of a new lower low.
Short
by Luke220600
1