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Eurgbpforecast

A possible drawdown experienceThis situation is looking indecisive because of the long bearish candlestick that went through the demand zone, now we have this nice correction that could lead to a massive bearish breakout or it could be a proper retest to validate the demand zone and make a bullish breakout, quite interesting. How the market reacts to this condition will determine the ultimate move, the main priority remains bullish, we’re looking for a clear buy opportunity. If we experience the bearish drawdown, then we’ll buy at the 4h order block if price doesn’t reach the demand zone…
by tokelohomi
EURGBP Cup and Handle target to 0.9312 with a warning due to SMCThe EURGBP formed a Cup and Handle recently, broke out of the brim level, then went right back to retest. Buyers and sellers are consolidating but looks like with the higher lows we could see buyers win.. 7=21>200 RSI>50 Target 0.9312 SMC Warning If you look back you'll notice a LARGE candle with a big wick. This is where Smart money came in and took out all of the stop losses on the supply side. This marked a level of liquidity. Then recently, when the price broke above the Brim Level, it tested this high again which is where liquidity was swept, which lead to downside again... Now we need a new low to form (higher low) and then the buying pressure will kick in and smart money could make a new level of liquidity but on the buy side. The trade signal is in according to the patterns, now we need a strong move up.
Long
by Timonrosso
2
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week. - EURGBP can definitely go up to the RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can go up slightly until the 0.8958 LEVEL. And after that EURGBP can be SELL to 0.8758 LEVEL. The given STRUCTURES should be BREAKED for that...
by benny_marshall
20 Reason for buy EURGBP🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: Yearly A confirmed UPtrend makes proper high and low after the last valid low price is on their above equilibrium a clear flag pattern is also here, and wick offspring also confirm themself 2:📆Monthly: bearish trap at monthly lows and long wick and big Imbalance area at the above side, so the price may go up for fill up Feb reversal candle mot able to maintain themselves price reject last month's low and start upside move 3:📅Weekly: with monthly support on the weekly tf price, make a high after a last weekly spinning top bull side price formation confirm 4:🕛Daily: low is valid now, but high is not yet mean price may be going to make another high last daily engulf candle also super high momentum now price make a buildup here 😇7 Dimension analysis 🟢 analysis time frame: H4 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: inside the bar at low, with h4 FVG support, 2nd momentum candle with significant volume, make a flag, again right now makes support on h4 OB again 7: 3 Volume: no volume on retracement but the significant volume on bull candles 8: 4 Momentum UNCONVENTIONAL Rsi: above 40 technically bullish, no weakness 9: 5 Volatility measure Bollinger bands: tight squeeze, above the middle band, make support on 20MA, 10: 6 Strength ADX: start bullish strength because bull DMi makes a crossover on main ADX and bearish line 11: 7 Sentiment ROC: eur has positive ROC compare to GBP right now ✔️ Entry Time Frame: 15 min 12: Entry TF Structure: Bear, but we need to wait for Choch on 15 min tf it is about 0.8877 13: entry move: should be bullish 14: Support resistance base: h4 ob, previous pullback area, 15: FIB: trigger even Occurred ☑️ final comments: Buy 16: 💡decision: Buy 17: 🚀Entry:0.8880 18: ✋Stop losel: 0.8833 19: 🎯Take profit: 0.8966 20: 😊Risk to reward Ratio: 1:2 🕛 Excepted Duration: 2 days
Long
by Optimum369
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week. - EURGBP can definitely go up to the RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can go up slightly until the 0.8916 LEVEL. And after that EURGBP can SELL to 0.8600 LEVEL. The given STRUCTURES should be BREAKED for that...
by benny_marshall
#EURGBPFrom another point of view, in the 4-hour period, we see a positive divergence and reaching the trend line with a lower slope and a resistance range from the previous movement, which can now act as a support, which is exactly overlapping with the B area of the pattern in the range of 0.88456. And it is expected to complete the divergence in the first step in the range between 0.88456 and 0.88962 maximum. The ranges that were touched beautifully and accurately in the previous analysis and can now act as new targets. The main priority at the moment is to wait for the performance result and stabilize the positive divergence in the 4-hour period.
by maryammh
#EURGBPCurrently, we are on the static resistance of 0.88962. If the above range is broken, we can expect the range of 0.88807 and the completion of a RECIPROCAL, which is considered an important range for the possibility of a correction (ascension). An ascending pattern has been identified, which can now act as a target and after being touched, it can act as a resistance for the target of 0.88448 in an important resistance range. All the above goals are included in the form of breaking the first trend line and decreasing to the second trend line with a lower slope. The current strategy is included in the form of changing the slope.
by maryammh
1
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week. - EURGBP can definitely go up to the RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can go up slightly until the 0.9070 LEVEL. And after that EURGBP can be SELL to 0.8758 LEVEL. The given STRUCTURES should be BREAKED for that...
by benny_marshall