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Eurgbpforecast

EURGBP LongWhen we move onto the weekly time frame. We can see a sharp moved took place around the week of the 29th of August. This resulted the price breaking a weekly structural level which has been holding steady since around May of 2021. This combined with the breakout on a falling wedge pattern on the daily time frame add to our narrative of looking to go long on the EURGBP pair. We expect a return of between 13 %to 17% depending on how much you are willing to risk per trade.
Long
by NDOBObanks
EURGBP: WAIT !!! DON'T BUY TOO EARLY!!!. we still have a sellside inefficiency and price still need to rebalance it before finally going bullish on EURGBP. It is of no doubt that we're currently bullish on EURGBP, price is currently looking to fade into a large TF premium Arrays before finally displacing lower. Confluences : 1. we previously had a bullish displacement on the weekly TF leaving a bullish order block behind, price has been trading lower to of recent to mitigate the weekly propulsion block and that is a trend already on the daily TF. 2. On the daily TF, we had a displacement lower showing the interest of the smart money to sell into the weekly propulsion block (IPDA). 3. The banks sell at premium and buy at discount. We're currently in a discount level of the bearish displacement price swing, and before we can expect the banks to sell we must see price trade into the premium P.D-Array of the bearish displacement price swing. 4. I'm looking for price to trade into the equal highs above after the fvg, as it is going to be a draw on liquidity for the smart money to offload the buy stops they've accumulated trading higher. 5. we also have an order block above the fair value gap, we're also likely to see price trade into that before we start building a bearish bias. Conclusion: On the one hour TF, you don't want to buy too early, price is still having a sellside inefficiency to fill in and it could even go all the way down to sweep the previous week low before finally trading for higher prices. Bullish opportunities are likely to be more profitable this week than shorts on EURGBP. StefanFX
Long
by stefan143
EURGBP | Steep Downtrend. Go Short!When it comes to the technical analysis of  EURGBP , considering the current market structure, this currency pair is still in downtrend. On chart, we can clearly see the steep downtrend and price also managed to break the previous support area S1. That means price is likely to continue moving downwards. So the best approach would be to wait until the price tests the S1trend line. If you find a strong rejection with bear candles, go short. Targets T1 & T2 are marked on the chart. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by FX-Storm2022
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. The reason for NEGATIVE SENTIMENT in EUR is USD SELL. All MARKETS including STOCKS are UP due to MARKET RISK being ON. It affects the EUR in a big way. - EURGBP can definitely go up to the high RESISTANCE LEVEL. EUR may be slightly WEAK due to USD STRONG at the moment. Accordingly, EURGBP can go up slightly until the 0.8867 LEVEL. And after that EURGBP can be SELL to 0.8352 LEVEL.
by benny_marshall
EURGBP Short Trade SetupA bearish opportunity recently presented itself on the euro-pound trading chart. This follows from the bearish harami candlestick pattern which printed just below the 0.87500 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 0.83401 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades. Rooting for you! Your FX Plug FX:EURGBP
Short
by charles-okoukoni