EURGBP Ascending Triangle Continuation Pattern 1H TFEURGBP instrument shows ascending triangle pattern at 1H TF. TP1 and TP2 are easy targets provided resistance break and based on the projection.
Eurgbplong
EURGBP BULLS - Cypher patternEURGBP is expected to buy to completer the cypher pattern at 0.786 fib at poinD. EUR GDP is expected to drive eur to recover
EURGBPATTENTION: EURGBP is at support now, and by breaking the support we will have more downtrend.
and we have some fundamental events this week, the most important is inflation rate which is on 16/nov...
take care.
EURGBP continues to hold above key support. Hi traders, today we are looking at the EURGBP as buyers continue to hold out above a key level of support. This level has been in play since January 2023.
The level we are talking about is seen at .8730, and it also runs down to .8720. This level is seen as a key level as if you switch over to the weekly chart, and you will also see this level clearly. It’s good to see support levels on multiple timeframes, it can also be seen on the 4h, but we are watching primarily from the daily.
After yesterday’s failed test lower, buyers have control today. We would like to see a new move to test or break .8808. This move would not only continue to confirm support, but it could also break the current downtrend and start to confirm a breakout of a descending triangle pattern. If we see an upwards break, we will look at the two higher red resistance points as possible areas of rejection.
If sellers regain control and take price back to support, this is a worry and could suggest buyers' numbers are not that strong, and sellers could be looking at new lower tests.
Do buyers have the number to continue today's move higher?
Good trading.
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 SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly SELL until the 0.8700 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
HQT eurgbphigher low to a resistance after a change of character giving us a long position opportunity..
EURGBP BUYSHello Traders, If EURGBP fail to break 0.87766 then we would expect bullishness from that level looking at the daily TF 0.87211 is our main lows on The daily TF and also it’s a fib 0.61 fib area…
So going down to H1 TF zone 0.87766 Is also an area of interest which is also our lows on H1 still also a 0.61 fib level
EURGBP BUYHello traders, let’s focus on EG, we have a clear view of price at this point, we broke a Trend line and we have a retracement back and we are looking to buy at this point, tell me what you guys think about this trade guys
EURGBP Prediction H1Here is my view for EURGBP on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURGBP - Short active ✅Hello traders!
‼️ This is my perspective of GBPAUD .
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish order block. We have 2 imbalances lower that have to be filled, so I am targeting those zones.
Fundamental analysis: Tomorrow we have news event on GBP, the release of yearly CPI, the result of this news could invalidate my analysis. As well on Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action.
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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 SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly SELL until the 0.8700 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
#EURGBP-500+ BUYING OPPORTUNITY DO NOT MISS OUT!EURGBP- we did not have a clear movement on this pair especially when both currencies have the same momentum demand and supply. We are expecting price to continue dropping until it drops to our area of entry!!!
EURGBP - Potential Upward MovementEURGBP hitting demand zone levels and gearing for a rebound back up. Exit at 2nd supply zone.
EURGBP WEEKLY ANALYSISFX:EURGBP
Currently we can see that this pair is in a downtrend and could still keep pushing down although, I am currently in a short position on this pair, But we could also see price reject that support level and head back up. So lets just see how it goes
EURGBP LongList of confluence:
1: Breakout and retest of Key Level
2: Change in market structure from bearish to bullish
3: Trendline breakout
EURGBP - Bullish price action ✅Hello traders!
‼️ This is my perspective on EURGBP.
Here I have already opened a long position as price took liquidity below previous daily low and mitigated bullish order block. My target is previous daily high and bearish order block.
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EURGBPEURGBP has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
EURGBP LONG - BIG BULLISH SWING NEXT!Waiting for confirmation of entry at 0.88250 to long EURGBP back to key 4H level at 0.89128
If you agree drop a like and if you have any questions leave a comment :)
EURGBP top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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.
Buy limit on EURGBPi take buy limit on this trade, after their done with correction
think it will gonna make a new Higher high at the and of line TP FX:EURGBP
