Eurgbplong
EURGBP SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on EG as price takes out all the buy side liquidity above the old highs after ECB bullish news about a possible rate hike this year. Price takes out weekly stops and quickly reverses with a high bearish momentum that could potentially start the selloff, we have also a lot of bullish imbalances that should be filled and those areas can act as a MAGNET for the price to go down.
What do you think about this currency pair ? Comment below..
EURGBP LONG#EURGBP LONG (nr1)
➖➖➖➖➖➖➖➖➖➖➖➖
The pair is currently in a bullish trend and i expect to see bullish continuation and price to settle above 0.84700 resistance.
➖➖➖➖➖➖➖➖➖➖➖➖
I am going long on EURGBP
My open position
ENTRY: @ 083832
TP: @ 0.84740
SL: @ 0.83600
➖➖➖➖➖➖➖➖➖➖➖➖
Please use small lots if you gonna trade on this idea.
➖➖➖➖➖➖➖➖➖➖➖➖
Please like, comment and share if you like my idea.
➖➖➖➖➖➖➖➖➖➖➖➖
This is a repost as my first one was removed because i break the rules by posting links
EURGBP SHORTS 📉📉📉📉 Expecting bearish price action on this pair as we are in a bearish market structure on a HTF premise, price takes out the last point of liquidity above the old high and institutional figure 0.84500. I think we have CLEAN AREA for the selloff, my targets are going to the IMBALANCE area somewhere around 0.83500 / 0.82500.
What do you think ? Comment below..
EURGBP: ASCENDING TRIANGLE PATTERN.Welcome members, old and new ones to this EURGBP hourly update.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
EURGBP is under the ascending triangle and technically these patterns are a bullish formation that anticipates an upside breakout. So, here's the deal, once EURGBP breaks out of this ascending triangle that is above £0.843, we can enter long. That will be a clear-cut confirmation. Exit the trade if it breaks down below £0.837.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
Euro Vs. British Pound - alot of Turmoil to settleHello Traders,
This pairs has been quite oversold for sometime however,
we see some strength after a Weekly bullish close prior.
With this week showing continuation and it's counterpart
showing signs of weakness, we are long here - could be EXPLOSIVE!
cheers!
OANDA:EURGBP
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