EURGBP Weekly trade setup EURGBP Weekly trade setup lets see wait for confirmation supply retest or demand retest i will update when confirmation any coming
Eurgbplong
EURGBP are we setting up for a reversal?Hi Traders,
EURGBP is setting up for a bullish reversal as price is moving within a LTF descending channel at the bottom of the HTF boundary. Wait for a Reversal Impulse and continuation before placing a buy order.
Follow your trading plan and entry criteria.
Share your analysis below and let me know your view on this pair.
Click the like button if you agree with this idea!
EurGbp Buy. Strong buy on ARC SUPPORT Hello traders
welcome again. Here is a follow up with my last Eurgbp daily buy signal which I posted few weeks ago.
Today, we discuss the monthly chart of this pair. And as you can see the market is, as identified, in the 2nd phase which consists of a price channel , and expanding channel and a resistance Arc. Now price is approaching the ARC's strong support where it has been a bullish counter trend. I expect strong bullish reactions on at exactly around 0.8267 price mark, And a tight stoploss on this trade @ 0.82330. This is a counter trend trade so I expect price will be aggressive to the up side if it goes as planned. Price is still a few pips away but trade can be placed right about now.
There is also an incomplete big bearish wave which is forming hence why the pair has been very bearish for the last couple of months(as you can see price retested the channel to push downwards in this case) and this pair making lower highs regardless. And that's why TP(0.864) has been set moderate, ofcourse you can hold long if you wish!
This is just my opinion hope it helps. I have been following most of these pairs for over a year so i've not just come up with this analysis!
Use reasonable risk. But this is also a good swing trade as i expect price to be bullish for the next 2/3 days!!
Good luck. Entry 0.8267
Stop Loss. 0.82330
TP: 0.8678
BUY SIGNAL
EurGbp debunked. Strong Buy signal hello traders
welcome again. Here is a follow up with my last Eurgbp daily buy signal which I posted few weeks ago. Congrats if you took that trade!
Today, we discuss the monthly chart of this pair. And as you can see the market is, as identified, in the 2nd phase which consists of a price channel, and expanding channel and a resistance Arc. Now price is approaching the ARC's strong support where it has been a bullish counter trend. I expect strong bullish reactions on around 0.8267 price mark, And a tight stoploss on this trade @ 0.82330. This is a counter trend trade so I expect price will be aggressive to the up side if it goes as planned. Price is still a few moves away from the buy entry(0.8678) but thought i'd share ahead of this move.
There is also an incomplete big bearish wave which is forming hence why the pair has been very bearish for the last couple of months(as you can see price retested the chanel to push downwards in this case) and this pair making lower highs regardless. And that's why TP(0.854) has been set moderate, ofcourse you can hold long if you wish!
This is just my opinion hope it helps. I have been following most of these pairs for over a year so i've not just come up with this analysis.
Goodluck!!
💵EURGBP: Potential Long opportunity to 0.83130Hi Everyone!
There is a potential long in play on the 1H timeframe for the EURGBP pair. We are currently keeping our eyes on the current candle to see what it does for confirmation of a valid setup. If the current closes below our zone the trade will be invalid. If the candle closes above the zone it increases the odds that we will move up to our target zone between 0.83130 - 0.83271.
Lets be patient and see what the current candle does before entering the market.
Happy Trading!
EURGBP LongHey traders, EURGBP been respecting the support around 0.83 for quite long, currently we are waiting for the confirmation to go long around that zone, retail traders are long on GBP while we are planning to do the opposite and ECB seems forced to increase rates this year to face inflation. once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
EurGbp may have found the bottomSince the beginning of 2022, EurGbp has tried to drop under 0.83 on 5 occasions and each time reversed.
A bottom can be in place for this pair and a rally to 0.85 resistance can follow.
In my opinion, dips should be bought with that target in mind and only a clear break under 0.83 would change my bullish opinion
Trade Idea - EURGBPInteresting level for EURGBP, the best entry to go long on this pair would be above 0.8275, however traders with sizeable equity can start going long from 0.8350 until 0.8275.
Target potential is massive as Europe is showing a lot of support for the Ukraine against Russia which could bolster the EUR currency.
EURGBPDescription provided in the chart
One hour and 4 hour resistors
The uptrend is maintained as long as the 4-hour support is not broken
EURGBP LongHey traders, in the coming week we are monitoring EURGBP for a long term buying opportunity around 0.837 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
EURGBP You Will Rise!!EUR-GBP has retested the support block
From the descending and horizontal support levels at 0.83150
We are already seeing a bullish reaction
And I think that the pair will now rise to resistance areas
0.84700
Long EURGBPPrice has reached a significant support zone which has been respected since 2016 and rejects from this zone 6 times in the daily chart . The Stoch shows oversold in the 1hr, 4hr and daily chart . I'll be waiting form the main & signal line in the Stoch to cross whilst oversold and price is at the key area to place a buy. My prediction is that price is going to long towards 0.84000 (previous major swing high).
EURGBP analysisHELLOOOOOO PIPPIN PEEPS!! Looking at this pair. Waiting on the London session to see what happens. Trade with care risk small.
EURGBP LONGS 📉📉📉📉 Expecting bullish price action on this pair as price takes out weekly low liquidity + rejecting a bullish orderblock on h4 (demand area) with a huge bullish high momentum candlestick closed.
What do you think ? Where we go next
EUR/GBPOn this pair we have a clear break of structure and good channel that is forming , the two large green candles that have a lot of imbalance now are filled and we just wait for the price to go higher
EURGBP LongHey traders, in the coming week we are monitoring EURGBP for a long term buying opportunity around 0.832 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
LONG EURGBP - Double BottomMassive support has been reached and respected since December 2019 and looks like a double bottom will be formed. Stoch is showing oversold on the 4hr chart. I will expect price to move towards 0.84141 to previous resistant pivot level.
Wait for a Reversal Impulse to go long!Hi Traders,
Looking at the HTF we are coming approaching the bottom boundary of a Bullish Continuation structure. Price is moving within a descending channel with a potential double bottom that could add confluence to this set up. I will be watching out for a strong Reversal Impulse with a LTF correction for a buy opportunity.
Whats your view on this pair? Share a comment and click the like button if you agree!
Follow your trading plan at all times.
Good luck!
EURGBP BuysEntry, stop loss and various TPs as marked.
1% risk across 4 positions. 3 with TP and I that will float if it turns into more.
Risk Free after TP is hit.
Trust your own analysis :)
EURGBP - LongAfter the impulsive first wave witnessed on the pair, where we had an extended first leg, the EUR/GBP is now correcting. The next levels to watch are the 38.2% and 50.0% retracement from the highs, which come in at 0.8404 and 0.8382. Those are good entry levels for the third wave, which could take prices higher towards 0.8600.
EURGBP BUYSEURGBP buying for a short term then we look for shorts to pick up the lows and grab liquidity
