Eurgbplong
EURGBP TO CONTINUE SELLS?With the continuous lower highs and lower lows forming, we should expect sells to continue on this pair.
We're keen as to what price will continue to do at this level.
We already see rejections at the level, and we're looking to pick up entries on the lower timeframes.
We're moving with the trend. It's the best we can do.
Aug. 13, 2021 - CBL, more than words.Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
EUR/GBP in strong support level, possibility of a reversalEUR/GBP is struggling at the bottom of a range for a long time now.
However, a reversal might be on the cards as EUR begins to gain momentum while
GBP is losing steam.
Price is showing some signs of a rebound in a strong support level and so traders
can consider buy entries@0.8470-0.8510 with SL below 0.8425 and TP at 0.87.
If 0.87 is broken by the bulls, the next target would be 0.8850.
EURGBP Is Expecting to Have Bullish Move
Welcome back Traders, Investors, and Community!
EURGBP on H4 it has been rejected 2 times from a significant Support. After the large green candle we expect a Bullish move.
⬆️Buy now or Buy at 0.8472
⭕️SL @ 0.8450
✅TP1 @ 0.8520
✅TP2 @ 0.8580
✅TP3 @ 0.8640
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
EurGbp- Reversal underway?Since mid-July, EurGbp traded downwards and the pair also has broken under 0.85 important support
However, after this break, lows are marginal and without power
At this moment the pair is facing descending trend line and a break here should accelerate gains
0.8550 is a logical target for bulls. Also 0.85 is now resistance
eur/gbp longIn smaller time frames head and shoulders pattern is visible
stop loss below the low around .84540
profit target around .85100 - .85300
LONG POSITIONFor the past five months, EUR/GBP (euro – pound sterling) has moved flawlessly within the confines of a descending channel, a technical pattern composed of two downward sloping parallel lines – an upper trendline that represents resistance and a lower one that marks support.
With the sell-off that sprung last Wednesday, price has retreated towards the lower limit of the bearish formation, near 0.8510/0.8475. This zone can be considered strong technical support, especially as it has already acted as a floor at the beginning of April, bringing declines to a screeching halt and paving the way for a fleeting rally.
Although the EURGBP’s medium-term bias is clearly negative, as reflected in the series of lower highs, a temporary rebound should not be ruled out entirely given the pair's proximity to confluence support. This situation may create opportunities for counter-trend and tactical traders who want to speculate on a possible reversal. That said, should a bounce occur, buyers could drive the exchange rate towards the upper boundary of the channel near 0.8640 before the downtrend resumes.
Conversely, if EUR/GBP breaks lower and falls below the 0.8500/0.8475 barrier decisively, all bets are off. In this scenario, sellers could set in motion a large sell-off capable of pushing price towards 0.8385, followed by the 2019/2020 low in the 0.8275 area.
From a fundamental point of view, the bearish case for EUR/GBP looks more likely. The ECB's new inflation framework will ensure that monetary policy remains loose for a long time. Meanwhile, in the UK, the Bank of England could start to withdraw accommodation as soon as next month, in light of the strong performance of the economy and the fall in COVID-19 cases. In a sense, the divergence in monetary policy can be seen as a bullish catalyst for sterling.
EURGBP Let me remind you that I am looking to buy EURGBP from early, But unfortunately consolidation went too long. Currently we are seeing that price is approaching a strong Structure level which is Daily. I am looking to buy this pair on dips or if you want you can execute long just after counter line to be broken.
EUR/GBPFor EURGBP the matter is quite clear. Although the daily candle closed above a strong structure, as soon as there is strong news for the euro, or weak for the gbp, count on this pair to go up. We will take long on time ..
Long EURGBPPls u can see UK not increase the Interest - Which means GBP could be weaker more than now
EURGBP (08/03/2021)EURGBP DAILY
BUY
OPEN POSITION :0.85284
TAKE PROFIT:0.86082
S/L :0.84962
Best Regards
eurgbp buyeurgbp buy :
Reasons :
1)nice pattern trend as you you can see
2)naked candle appeared below
3)can take 2 trades of buy and once it reaches the buy level can take sell too
take profit : green line
stop loss : red line
EURGBP Long Analysis Hey traders, here is the analysis for the EURGBP. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EURGBP-Long#EURGBP
The analysis is done in the H4 Timeframe. The MArket is moving in a descending triangle. And pull back strongly from strong weekly support.
At the same spot, we have a double bottom that is good price action for buy.
EURGBP Will Go Higher After the Breakout
Welcome back Traders, Investors, and Community!
Hi Traders, EURGBP on H4, we need to wait for the breakout.
⬆️Buy now or Buy at 0.8485
⭕️SL @ 0.8463
✅TP1 @ 0.8554
✅TP2 @ 0.8612
✅TP3 @ 0.8715
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
EURGBP 1H TIMEFRAME BULLISHWe expect to buy this pair because the price has reached a very strong support level below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
