EURGBP possible long for 0.8675 even highereurgbp weekly chart formed double bottom. eurgbp retraced back to 0.8356 and hold the previous HL (higher low)0.8317, weekly key reversal bar formed , made a new low closed on the high. indication for long for coming days and weeks. stop loss below 0.8317, target 0.8675.
Eurgbplong
EURGBP forex rallying as expected off weekly demand levelWeekly uptrend. Weekly demand imbalance at 0.83 is still in control and trying to play out as expected. Any swing long positions should be managed. I hope you could take advantage of long positions using the smaller timeframes for those intraday and short-term forex traders.
Falling Wedge - Bullish Reversal - Bullish DivergenceOANDA:EURGBP has formed and broken out of a falling wedge, which is considered a bullish reversal pattern. Pattern has formed after price found support at the support trend line and broke the lower highs in the retracement!
I am expecting bullish momentum in the coming days!
EURGBP – transitioning from bearish to bullish .. week of 02 JunIt appears that the bearish move that began in April may have ended now. Price that mostly stayed under the 50ema has crossed over to the other side. The downward trendline has also been broken with price moving above it. We already have a higher high and higher low in place. Aggressive traders can take a long now, but I want to be more conservative these days. I would like to see:
a break above the recent swing high (0.8459).
another sequence of HL and HH.
and a retest of the minor resistance/support at 0.8459.
Even with all these precautions, we can still get a +2.3R trade. If PA continues to develop as per my analysis, I will monitor on lower time frames to find more confluence and bullish evidence before committing to a trade. My initial target will be the region just before the swing high at 0.8623.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk so carefully managing your capital and risk is important. If you like my idea, please give a “boost” and follow me to get even more.
Why EUR vs GBP Could Be Your Best Trade This Week!When it comes to forex swing trading or even forex intraday trading, the temptation to zoom into lower timeframes—like the 15-minute or 1-hour charts—is strong. Most forex traders focus on short-term momentum, often diving into scalping strategies that chase quick pips. However, the real edge lies where most don’t look: the higher timeframes, particularly the weekly chart. The EUR/GBP forex pair is a perfect example of these higher timeframes' power, especially when paired with smart money concepts like demand and supply imbalances.
EUR/GBP: A Hidden Gem for Forex Swing Traders
The EUR/GBP Forex cross pair is often overlooked compared to major USD-based pairs. However, for seasoned swing traders and institutional players, EUR/GBP offers deep liquidity, cleaner technical analysis and price action structures, and strong reaction zones that are respected time and time again.
At the end of May 2025, a significant weekly demand imbalance at 0.8384 finally took control of price action—something smart money traders had been anticipating for months. This wasn't a surprise for those watching the higher timeframes. Similar to how the previous weekly imbalance at 0.8299 took control in February 2025, these zones have proven critical in guiding the medium- to long-term direction of EUR/GBP.
EUR/GBP - Blue Box is Strong SupportIn our recent EUR / GBP analysis we observed a substantial 226‑pip decline from the peak.() Price has now settled into the blue‑boxed support area, a level at which previous pullbacks found buyers and genuine value emerged.
It follows, then, that if price can break above the nearby red‑boxed resistance on lower‑time‑frame charts, with clear follow‑through rather than a fleeting spike, a long position would be entirely reasonable. Such a breakout would signal that demand has overcome supply pressure, restoring the upward trend in a disciplined, verifiable way.
Throughout our work, we have never relied on guesswork or emotion. Every level is chosen through careful study of price behavior and hard data, and our methodology has consistently delivered high accuracy as a result. In the spirit of prudent analysis, we ask only for confirmation of these key levels before committing capital, an approach that has served us well and should serve our followers equally.
📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
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EURGBP Analysis: Two Daily POIsHello traders!
EURGBP is offering two trading scenarios on the daily timeframe.
The first scenario suggests the pair may react bullishly from the next zone, setting up a bounce opportunity that could drive price higher toward the 0.84400 area.
The second scenario anticipates a bounce toward the 0.83800 area, where a mean reversion setup may come into play (if buyers step in and price action confirms bullish intent near that support).
Discretionary Trading: Where Experience Becomes the Edge
Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure.
There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you.
At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.
EURGBP SHORT FORECAST Q2 W20 D13 Y25EURGBP SHORT FORECAST Q2 W20 D13 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block
✅15' order block
✅Intraday bearish breaks of structure
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EUR/GBP Breakout and Fibonacci Retest: Bullish Setup in PlayEUR/GBP has broken its strong weekly bearish trendline and the last lower high. The previously observed bullish divergence was hinting at this bullish momentum. Currently, the pair is testing the golden ratio of the Fibonacci retracement. A buy position can be considered at this level, targeting the recent highs.
EURGBP LONG FORECAST Q2 W17 D25 Y25EURGBP LONG FORECAST Q2 W17 D25 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly imbalance filled
✅Tokyo ranges to be filled
✅4H order block rejection
✅intraday bullish breaks of structure
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
EURGBP LONG FORECAST Q2 W17 D23 Y25EURGBP LONG FORECAST Q2 W17 D23 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Trade confluences
- 4 hour order block rejection
- 4 hour bullish break of structure
- Intraday breaks of structure
- Tokyo ranges to be filled
NOTE - linked short position is the higher probable setup!!!!!!!!
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EURGBP Daily, H4,H1 Forecasts, Technical Analysis & Trading IdeaMidterm forecast:
0.84290 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.84290 is broken.
OANDA:EURGBP
Technical analysis:
A trough is formed in daily chart at 0.83220 on 04/03/2025, so more gains to resistance(s) 0.86175, 0.86923, 0.87647 and more heights is expected.
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Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
EURGBP potential longsFX:EURGBP
On the past two weeks, price has broken out from the descending channel, signaling a strong bullish momentum and is currently on the pullback towards the daily demand zone which is in about 100 pips. Although we don’t currently have an entry signal, our bias would still be buys, searching for potential long opportunities in the smaller timeframes when we get the confirmations.
The daily demand zone is also sitting around the 'Point of Control' of the volume profile, which essentially is the area with the biggest volume traded when the breakout took place. From here, we can take it as a confluence that the bulls are in power, as well as the 400 pips of movement upwards with two closed strong bullish weekly candles. However, do note that due to the fact that price respected the daily resistance zone above, there is still potential for price to break below the daily demand zone, and if price breaks below and closes, the buys may become invalid.
EURGBP Short Term Buy Idea Update!!!Hi Traders, on April 10th I shared this idea "EURGBP Short Term Buy Idea"
I expected bullish continuation higher from the marked Fibonacci support zones. You can read the full post using the link above.
Price reached the first key support zone, respected it and bounced higher as expected!!!
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Triangle Breakout Alert – EUR/GBP Ready to Fly!Hi traders! Analyzing EUR/GBP on the 30M timeframe, spotting a potential bullish breakout from a triangle pattern inside a broader downtrend:
🔹 Entry: 0.86008
🔹 Take Profit (TP): 0.86423
🔹 Stop Loss (SL): 0.85547
Price was consolidating inside a descending channel and recently formed a symmetrical triangle pattern. After multiple touches at both trendlines, bullish momentum broke the triangle to the upside, suggesting a possible short-term reversal or corrective move against the prevailing downtrend.
The breakout is supported by a clean candle close above the triangle resistance and a potential retest of the breakout zone. RSI is turning up from the oversold area, signaling a shift in momentum.
If bulls maintain control, we could see a push toward the upper limit of the channel or even a full retracement to 0.86423, where previous structure aligns with dynamic resistance.
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
EURGBP Short Term Buy IdeaH4 - Strong bullish momentum
No opposite signs
Expecting retraces and further continuation higher until the two Fibonacci support zones hold.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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EURGBP Discretionary Analysis: Eyes on the SupplyIt's that feeling when you just know the tide's about to turn (like when you're waiting for the wind to pass but can already smell the rain). EURGBP is giving off that "Next stop? Supply zone" kind of vibe. I see it pushing up to test that level, like it's gearing up for a showdown. If I'm right, I'll be eyeing some clean entries to make a move. If I'm wrong, I'll just grab a coffee and wait for the next opportunity to roll in.
Just my opinion, not financial advice.
EURGBP: A Potential Short Opportunity Amidst ConsolidationEUR/GBP daily chart reveals a compelling narrative of consolidation followed by a potential bearish reversal. The pair has been trading within a defined range, bounded by key horizontal support and resistance zones (highlighted in blue). The recent price action suggests a rejection from the upper resistance zone, setting the stage for a possible short trade.
Key Observations:
Range-Bound Consolidation: The chart clearly shows EUR/GBP oscillating within a well-defined range. This pattern indicates a period of indecision, where neither buyers nor sellers have established a clear dominant trend.
Resistance Zone Test and Rejection: The price recently revisited the upper resistance zone. The subsequent price action, characterized by a sharp downward move, suggests a strong rejection from this level. This rejection is a critical signal that sellers are stepping in, potentially reversing the recent upward momentum.
Bearish Engulfing/Pin Bar Formation (Possible): While the chart doesn't explicitly highlight a candlestick pattern, the sharp rejection from the resistance zone suggests the formation of a bearish engulfing or a pin bar on a lower timeframe. This pattern reinforces the bearish bias.
Retracement and Entry Opportunity: The price has retraced a portion of the recent decline. This retracement presents a potential opportunity to enter a short position, capitalizing on the anticipated continuation of the bearish move.
Support Zones as Targets: The lower support zone serves as a primary target for the potential short trade. The intermediate support level (around 0.83727) can act as a partial profit-taking zone or a point to trail the stop loss.
Pattern Identification:
The dominant pattern observed is a range-bound consolidation followed by a potential bearish reversal triggered by a rejection from a key resistance zone. Trade Setup:
Entry: A short entry can be considered at the current price level (around 0.85021-0.85129) or on a break below the immediate support level (0.84772). A more conservative approach would be to wait for a clear bearish candlestick pattern confirmation on a lower timeframe (e.g., H4 or H1).
Stop Loss: The stop loss should be placed above the recent swing high (around 0.85867) to protect the trade from unexpected price reversals.
Take Profit: The primary target is the lower support zone (around 0.82537-0.82218). An intermediate target can be set at the 0.83727 level.
Risk-Reward Ratio: The potential trade offers a favorable risk-reward ratio, with a relatively small stop loss and a significant profit target.
EUR/GBP Analysis Double Bottom Breakout Toward TargetOverview of the Chart
This chart displays a EUR/GBP daily timeframe setup, highlighting a Double Bottom Pattern, a well-known bullish reversal formation. The pattern consists of two consecutive lows at a similar price level, followed by a breakout above a key resistance zone. This setup suggests a potential trend reversal from bearish to bullish.
Technical Analysis Breakdown
1. Double Bottom Formation (Reversal Signal)
Bottom 1: The first low was established after a prolonged downtrend, where the price found support and bounced higher.
Bottom 2: Price revisited the same support area but failed to break lower, indicating that sellers are losing strength and buyers are stepping in.
A double bottom pattern signals that the asset is forming a strong base and is likely to move higher after breaking the neckline (resistance level).
2. Support and Resistance Levels
Support Level (~0.8322):
This level acted as a demand zone, preventing further downside.
It marks the price area where buyers accumulated positions, leading to a reversal.
Resistance Level (~0.8500):
This level previously acted as a supply zone, where sellers controlled the price.
A breakout above this level is crucial to confirm the bullish trend continuation.
3. Breakout Confirmation & Retest Expectation
The price successfully broke above the resistance zone, confirming a bullish reversal.
A potential retest of the broken resistance (now turned support) could occur before further upside movement.
Traders often wait for this retest to confirm that the breakout is genuine before entering a position.
4. Price Target Projection
Based on the measured move strategy, the expected target is calculated by measuring the height of the double bottom pattern and projecting it above the breakout zone.
Target Price: 0.8742, aligning with historical resistance levels.
5. Stop Loss Placement
Stop loss at ~0.8322 (below the double bottom support).
This ensures risk is managed in case of an invalid breakout or a false move.
Trading Plan & Execution Strategy
📌 Entry Strategy:
✅ Breakout Entry: Buy after the breakout above resistance.
✅ Retest Entry: Wait for a pullback to the previous resistance (now support) before entering.
📌 Risk Management:
🔹 Stop Loss: Placed below the recent support at 0.8322 to limit downside risk.
🔹 Take Profit: First target at 0.8742 based on the double bottom structure.
📌 Market Outlook:
A successful breakout and bullish momentum could push prices toward the target.
If the price fails to hold above the breakout zone, a deeper retracement could occur before continuing higher.
Conclusion
The EUR/GBP pair has formed a bullish double bottom reversal pattern, signaling a potential uptrend continuation. The key levels to watch include 0.8500 (resistance turned support) and 0.8742 (target projection). Traders should monitor price action around the breakout zone for confirmation and consider risk management strategies before entering a position.
EURGBP is ready to take off ... the week of 07 Apr 2025Weekly chart – strongly bullish, broke above previous structure
Daily chart – strongly bullish, broke above previous structure
H4 chart – bullish, now pulling back towards previous resistance, now turned support.
The formation of a higher low on the daily adds to my confidence that we are headed higher. This is actually a breakout-retest setup. When/If price reaches this zone, I will be monitoring PA on H4 and H1 timeframes with a view to find evidence of a bullish continuation. We could easily have a much deeper retracement too. In the current uncertain world economic situation, it is vital to establish that control of the market has returned to the bulls, before taking a trade.
Stop may be larger than what I would like, but it will need to be below the nearest swing low. Target can be generous too – at 0.8613 or anywhere higher right up to 0.8750.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, only trade with money you can afford to lose and carefully manage your capital and risk.
If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros