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Eurgbplong

1:5 RR Buy Setup for EURGBPCore Analysis Method: Smart Money Concepts The following analysis has been conducted based on the Smart Money Concepts methodology: 😇 7 Dimension Analysis Time Frame: H1 Swing Structure: The structure is bullish with multiple Breaks of Structure (BOS) completed during the impulsive move, including Inducement. The current corrective swing move is showing signs of weakness in its internal structure, indicating a potential bearish momentum. A sharp move towards the Point of Interest (POI) is expected, where an extreme Order Block (OB) has been identified in the deepest discounted area for the swing. Support: A significant support area has been identified at this zone, with proper Change in Polarization (CIP) observed on the H4 timeframe. Pattern: 🟢 Chart Patterns: No specific chart patterns have formed yet, but updates will be provided once the price reaches the POI area. 🟢 Candle Patterns: The previous swing’s initial candles suggest this is a high-demand zone, with the base of the demand indicated by the candle structure. Volume: 🟢 There is no significant volume during the corrective move, but a massive volume was observed when the initial move started. This suggests that strong buyers are waiting for the price to reach the identified area, where a buying opportunity might be present. Momentum RSI: 🟢 The market is currently in a super bearish zone, but the price is nearing the oversold area, which is an extremely oversold condition. Monitoring for a divergence as an additional confirmation for a buy will be crucial. The identified area is ideal for a potential reversal. Volatility Bollinger Bands: 🟢 The complete volatility cycle is observed, including Contraction/Expansion, Squeeze breakout, Walking on the Band, and W pattern. All these parameters have been mitigated. As the price nears the POI level, it may consolidate before giving another sharp and volatile bullish move. Patience is required to capture this classic move. Strength ADX: 🟢The ADX shows that bears are currently overextended, suggesting it might be time for the market to calm down and for buyers to regain control. 🟢Rating: ⭐⭐⭐⭐⭐⭐⭐ (7 Stars) This trade is given a 7-star rating, with a probability of 75% due to the alignment of several bullish factors and potential reversal signals. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ POI: Extreme OB 💡 Decision: Buy Limit 🚀 Entry: 0.8511 ✋ Stop loss: 0.8475 🎯 Take profit: 0.9695 😊 Risk to reward Ratio: 5 RR 🕛 Expected Duration: 10 Days SUMMARY: This setup suggests a strong bullish opportunity on the H1 timeframe, with an entry at 0.8511 and a stop loss at 0.8475. The take profit target is set at 0.9695, offering a 5:1 risk-to-reward ratio. The analysis indicates that the current market conditions are aligning for a potential bullish move, with oversold momentum and key support areas in play. Patience is key as the price approaches the POI, where a classic SMC entry model might provide a high-probability setup for a significant bullish reversal.
Long
by Optimum369
EURGBP to find buyers at market price?EURGBP - Intraday Preferred trade is to buy on dips. We look to buy dips. Daily signals are bullish. 20 1day EMA is at 0.8517. We look for a temporary move lower. We look to Buy at 0.8515 (stop at 0.8491) Our profit targets will be 0.8575 and 0.8590 Resistance: 0.8535 / 0.8550 / 0.8575 Support: 0.8528 / 0.8515 / 0.8500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURGBP Bank Money Heist Plan In Bearish SideMy Dear Robbers / Traders, This is our master plan to Heist EURGBP bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing High using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Short
by Thief_Trader
EURGBP - Short from trendline !!Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I wait price to continue the retracement and then to reject from trendline + FIBO 0.5 level. Fundamental news: Tomorrow (GMT+3) we will see results of CPI on GBP and on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
BUY EUR/GBP at market .8460 (again!!!)Ever since this pair opened with a gap (see chart) on the 24th June, I've been BUYING this pair in anticipation of the gap closing. Markets hate gaps and will try to close them. Usually when a pair open with a gap when the markets open, the gap is closed and then price will continue in the same direction as the gap. Examples of this can be seen on EUR/USD and EUR/CAD, both of whom opened with a gap. With both these pairs, the gapwas closed and price then dropped. I expected EUR/GBP to follow this pattern but it has yet to close the gap after 3 weeks of trading. As can be seen by the channel drawn, EUR/GBP remain in an uptrend. WR1 (weekly Resistance 1) at .8471 remains an obstacle to EUR/GBP BULLS. This level has been reached 3x this week and each time the price has reversed. I've closed my LONGS whenever the price hit WR1 and opened a position SHORT once it was confirmed that WR1 was holding. I'm back in LONG on this pair with STOP under the lows and under the 200 EMA on H1. Target is the closing the gap at .8490. It seems unlikey we will get anywhere near .8490 today and news at 13:30 is unlikely to move this pair much (US Core PCE Price Index).
Long
by forextraplaces
EUR/GBP Technical Analysis## EUR/GBP Technical Analysis Timeframe: 15-Minute Chart ### Chart Overview: The EUR/GBP pair on the 15-minute timeframe exhibits detailed recent price action, incorporating several technical elements that suggest potential future movements. ### Key Elements: 1. Downtrend Channel: - The chart initially indicates a downtrend channel, with the price respecting the upper trendline as resistance and the lower trendline as support. - This channel suggests a bearish trend with lower highs and lower lows up to a certain point. 2. Breaking Out of the Channel: - Recently, the price appears to have broken out of the downtrend channel to the upside, indicating a potential reversal or at least a short-term bullish correction. - The breakout is accompanied by a consolidation phase just above the previous upper trendline. 3. Support and Resistance Levels: - Resistance Levels: Immediate resistance levels are noted at 0.84603, 0.85181, and above these, at the previous high around 0.8535. - Support Levels: Key support levels include 0.84571, 0.84578, 0.84206, and further below at 0.84042 and 0.8400. These levels have provided significant support in the past and could act as potential bounce points if the price declines. ### Conclusion: The EUR/GBP pair is currently in a critical phase, having recently broken out of a downtrend channel. The price action around key support and resistance levels will be crucial in determining the next move. Volume analysis supports the recent bullish breakout, suggesting potential for further upside if key resistance levels are breached. Always manage your risk with appropriate stop losses and position sizing.
by THE-10
EUR/GBP BUY at market (.8450)2 weeks ago the EUR/GBP opened with a market gap. Those of you who read my previous posts on this subject will know that I believe gaps in the market are ALWAYS filled. True, this can be weeks or even months but most commonly gaps are filled within 48 hours. Last week downward pressure prevented the EUR gaining on the GBP and the gap remained. I was moderately confident that the gap would be filled this week and I've had muliple LONG positions on EUR/GBP but every trade hit headwinds and were closed (at a profit). This morning we saw the EUR decline with the weak German and French manufacturing and Services PMI but this was followed by weak GBP Flash Manufacturing and Servicing PMI and a look at the H1 chart will reveal that this has left this pair in a definitive northerly direction. I've markeed the approximate path of the 200 EMA on the chart as, as can be seen, this was falling, then turned level and is now poised to head north. At 14:45 (45 minutes) we have trhe USD Flash manufacturing and Services PMI. I don't expect the release to have much impact on this pair. I'm happy to be LONG on this pair in anticipation of the gap being closed sometime next week.
Long
by forextraplaces
BUY STOP at .8455 EUR/GBP (now .8443)At 12:00 today (25 minutes) we shall know what the BOE intend to do about the current round of interest rates. The market expectation is 0 - 2 - 7. The first digit is those MPC members who voted to increase rates (no-one expects this to be other than zero). The second digit is those MPC members who voted for a decrease in rates (the last month saw 2 members vote for a decrease against market expectation) The third digit reflects the opinion of MPC members who voted to leave rates unchanged. The most likely print will be 0 - 2- 7 and rates to be held at 5.5% but if we see 0 - 3 - 6 or even 0 - 4 - 5 and we see a rate cut then we can expect a massive move in GBP. In theory a vote to decrease interest rates and/or a rate cut should be GBP NEGATIVE but this is not guaranteed. The path of EUR/GBP will be one of 2 ways (see chart) on release of the numbers. If the market interpret the news as GBP positive (BULLISH) we can expect EUR/GBP to decline rapidly to at least WS1 support at .8400 but this support could easily break. If the market see the news as GBP negative then I have a BUY STOP placed at .8455 which is a few pips above the 200 EMA on H1. If this trade triggers then we can expect to see the gap that formed a week last open to close. However the data comes out at 12:00 be ready for some rapid price moves across all GBP pairs. Anyone with SHORT or LONG GBP trades will need to tighten stops but remember, spreads will increase by as much as 10 pips, possibly more as the news is announced.
Long
by forextraplaces
Forextraplaces - the week ahead - EUR/GBPIt's a well know market phenomenon that gaps in the market are inevitably always filled. The market hates gaps. No-one seems to know why but its simply a fact. When the markets opened last Sunday (UK time) EUR gapped open across many pairs. EUR/USD 25 pip gap - filled. EUR/JPY 28 pip gap - filled. EUR/CAD 26 pip gap - filled EUR/CHF - no gap EUR/AUD 37 pip NOT filled. EUR/NZD 42 pip gap NOT filled. These last 2 trading pairs have been in a steep decline since the end of April and show no signs of reversing so the gaps in these markets may not bve filled for some time but EUR/GBP is the pair to look at. I expected this gap to have been filled last week particulalrly as GBP was largely BEARISH but this did not happen. I expect that this gap WILL be filled this week. Key is .8842. If we see the price of EUR/GBP break .8842 (where I have a SELL STOP) , I expect the price to close the gap and then reverse sharply. This will need to be done before Friday as the EURO PMI numbers will most likely set the direction of the EUR and these are due on Friday. So look to get LONG on this pair and see if the gap is filled but be mindful that the overall picture for is pair is BEARISH.
Short
by forextraplaces