Eurgbplong
EURGBP Outlook May 2022 The Pound is in a precarious position whereas the Euro probably seems the safer bet of the two. I expect a gradual bull run to take place, patience is a must here because the time of the fundamentals unfolding will take time, so getting a solid entry and riding it out will be the way. Technicals will also be posted on my page for the timeframes below!
EURGBP pauses at 21-EMA supportThe pair has edged slightly higher from session lows at 0.8367, finds strong support at 20-DMA
Price action has resumed downside after being rejected at 200-DMA resistance
Support levels - 0.8366 (21-EMA), 0.8345 (20-DMA)
Resistance levels - 0.8411 (5-DMA), 0.8441 (200-DMA)
EurGbp can correct to 0.8650Since January, EurGbp is trading in a 200 pips range between 0.8250 and 0.8450.
0.8250 at this moment is very strong support and the pair could correct higher to the next resistance at 0.8650
As long as support is intact, buy dips is my strategy for this pair and only a daily close under support would negate this scenario.
Mon 25th Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/JPY Sell, EUR/GBP Buy & GBP/JPY Sell. Enjoy the day all. Cheers. Jim
EURGBP | TRADING UNDER SUPPORT
EURGBP has broken the important support zone and trading below it. The price took the bounce from minor supports now and it might test 7th Mar 22 support once again.
For long positions, one can wait for the break above falling trendline and trading above the important zone.
Trade your levels accordingly.
⭕️BUY EURGBP ❗️🔰You see the analysis of the EUR against the GBP in 1 hour ( EURGBP , 1H) ❗️🔎
🔰BUY EURGBP at 0.83150
✅TP ; 0.83750
❌SL ; 0.83070
🔰Considering the price being in the range of the white bullish line of purchase in this area, the target is also within the range of the orange resistance line❗️❗️👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
EURGBP ANALYSIS
Plan A : Long
As overall trend seems to be
bullish so we have to wait
until it properly breaks above 0.83651.
S.L : 0.83048
T.P 1 : 0.83938
T.P 2 : 0.84395
T.P 1 : 0.84911
------------------------------------
Plan B : Short
Bullish Trend line is broken at 4H.
Also seasonality goes is favor
of bears 11/15 times. If double top
is created at 0.83651 then
go for short trade.
S.L : 0.83745
T.P 1 : 0.83165
T.P 2 : 0.82695
P.S : All the details are attached below.
EURGBP | RESPECTING SUPPORTEURGBP after making a top of 0.82120 has drop sharply and reached to the support zone. We are expecting price will increase as this support area has been reactive in the past
The only hurdle for the bulls is falling trendline which if taken out the new trend will begun.
Trade your levels accordingly.
EURGBP LONGS📉📉📉📉 Expecting bullish price action on EG as price takes out weekly lows liquidity and closing bullish above. We had a strong bearish movement without correction and i expect the price to retrace in the upcoming days, a lot of bearish imbalances were formed around 0.84200 / 0.84700 price area.
What do you think ? Comment below..
EURGBP Analysis and Trade IdeaPrice HTF broke structure and retracing now, trading into an unmitigated, imbalanced demand zone. I like this OB, as it is the origin of the bullish impulse that led to a BOS.
Looking for bullish PA on LTFs at this level to see if there is a CE (Confirmation Entry) made available.