Eurgbplong
eurgbp buy. longhello guys
This is a EurGbp buy trade. As you can see the wedge is very difficult to identify. And price as a strong reaction on it as a support or resistance.
Now, i've identified the embedded channel within it so we can easily mark out the actually wedge line. This is a trade that requires patient to hit tp (if youre swinging it), anyways, I assume price will be aggressive towards the up side from this moment since its resting on a support of the wedge since around April 2021.
Nice risk to reward as well!!
Good luck. Trade is active now. SL 0.82960
TP: 0.84800
EURGBP meets strong Demand ZoneIn my last 2 ideas on EURGBP here and here I was short, and we went on to see a nice prolonged drop down to almost a 2 year low.
Now that price has touched the lower trendline and 12H RSI has dropped below 30, I believe a short term reversal could be imminent.
Price has also entered a strong Demand Zone that has seen 5 significant bounces from this area in previous years.
To maximize Risk/Reward I'm looking for a small drop further to 0.83175 for an entry point long, setting a stop loss at 0.82471 (which would represent the lowest price since June 2016), and setting a take profit at 0.84834. This represents a 2.35 R trade, which would require a 29.85% success rate to break even.
Note that this is a HIGH RISK trade at 2.35 R and this is NOT financial, trading or investment advice.
EURGBP SetupEURGBP is bouncing from important daily support.
The pair is trading in a steeper bearish channel, we are expecting the consiladation has given enough time for bulls to make a comeback. The price will rise from current levels.
Trade your levels accordingly.
EURGBP BUY ANALYSISPotential Short/Sell on EURGBP
Inverse Head & Shoulder has been formed
Together with Falling Wedge Pattern
EURGBP long IdeaMy view on EURGBP ist long, cause we will see in short time a break of the bearish trendline followed by
an inverted head and shoulder pattern on 4h timeframe.
We can also see that the price going sideways an build a big support for a possible trend change.
So have a eye on this pair.
Happy trading
EURGBP BUY ANALYSISPotential Bullish movement to the upside
Price has broken out of the falling wedge pattern
We will look to take long positions once it breaks the resistance level @0.83550
Our TP1 would be @0.84480
Our TP2 would be @0.85450
EURGBP LONGS 📉📉📉📉 Expecting bullish price action as price takes liquidity below sell side liquididty and weekly lows that means market is due for a bullish reversal on a intra-week perspective, i think we will hit 0.84000 this week and then look for shorts.
What do you think ? Comment below..
Long opportunity on EURGBPfor this week??Share your idea in the comment section about this pair and let's debate
Happy New Year, Michel_FRX
DISCLAIMER:
1. Be aware this is not financial advice so trade carefully and have stop loss for sure
2. Past performance is not indicative of future results.
EURGBP may be going to reversalThe H4 and daily divergence show weakened bulls, with a triangle in H1. I will be waiting of the support rejection to buy a position.
EURGBP| HTF Reversal Structure + Reversal Impulse Entry :)Waddup Good People :)
I have bullish bias here. There's a very nice potential Pattern Separation play here. Looking for either a push down then reversal impulse plus LTF Bull flag for entry or a Push up from current Price then LTF bull flag for entry.
EURGBP - Long Position PendingEURGBP retracing back into demand pool to soak up remaining long orders to create another imbalance momentum upwards. Note: This has already been visited so approach with a 2:1 R:R trade.
EURGBP LongWe're expecting EURGBP to continue trading within the range after seeing two bullish candlesticks on daily closes over the last two days. We took this trade in November expecting a further push but only had a couple of take profits hit. We've now revised this to take profits on the way up to the top of the range. Price is currently trading at bottom of the channel and we can expect this rise to take place over the coming weeks. trading a rejection or false breakout of trendline is the safest entry with the highest probability for this trade. GBP is pushing its limits at the top of momentum meter so we expect GBP to weaken in the coming weeks.
R:R = 1:4:5
GL.
EURGBP LONG IDEAHey guys, this pair is currently at a deep weekly discount. I will be looking for reversal patterns for me to go long on this
combination of channel and divergenceHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
EURGBP :
the price reaches the lower line of the parallel channel at the same time, it enters strong support zone.
A divergence between MACD and the price supports the idea of possible upside movement.
target for this analysis is the resistant zone that shown in the chart.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
EURGBP LONGOn a 4h timeframe the price made a fake out on down channel and entered back on the channel making a double bottom, if the price brakes the 1h time frame wedge formation, also the S/R zone retesting it then it will be a very big possibility that the price will go up.
eurgbpWe can enter into a purchase transaction at three points
First at this point with sl : 0.83280
The second and third are also specified
EURGBP | Strong Bullish SignWhen it comes to EURGBP , we've seen price tested the previous support zone and bounced back each and every time, which clearly show the signs of demand. Now price is making newer highs. And I'm not seeing enough resistance to hold the price till T1, which is the first exit point you should consider.
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Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long on EUR/GBPOn a daily time frame there is a downward channel leading into a major support area.
I am expecting price to balance off of the support line of the downward channel where it currently is at the moment and break out of the channel heading to the next level of resistance.
RSI indicator is coming out of the oversold state as well as the MACD showing a possible golden cross developing.
Here is the trade i will be taking on this pair:
ORDER - Buy Stop
Entry - 0.83841
SL - 0.83341
TP - 0.85368
EurGbp approaching strong supportDecember has been a very good month for Gbp, with the currency gaining in almost all pairs and in EurGbp's case gaining around 250 pips.
At this moment the pair is approaching very strong support and we can have at least a correction from that point
I'm looking to buy this pair and with a target of around 0.8450
A break of support would negate this scenario
EURGBPTF: Weekly
Details on chart:
price is 40 pips away from Supply & Demand Zone.
am expecting a drop to S&D zone, then we will monitor the price around the S&D zone fore bullish Opportunity.
EURGBP LongIf current level confirm support EURGBP could give us some nice long with +7.6 RR. Let's hope with crossed fingers.
EURGBP - LONG RALLY COMINGMy analysis predicts a long rally coming up for EG - up to the 0.85 mark to be precise. This one will chop sideways a little to drink up the liquidity before bulls make a run home. I will be waiting for PA to create new demand zones before entering my 2 or even 3:1 trade here.
