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Eurgbplong

EUR/GBP LONG SETUPEUR/GBP is in a down trend, respecting the green descending channel. It is s lowly approaching the important weekly support area that is marked with the blue rectangle . GBP/AUD is currently on a key support area ( Green rectangle ) which the price has been retesting on a hourly time frame. 1) I expect the price to fail to break this key support area indicating a reversal, breaking the descending channe l that is has been following. Then i would expect to enter a long position after the price retested the upper green trend line with the take profit at the next key resistance. This is shown by the grey path . 2) I f the price manages to break the current support approaching the weekly support area ( Blue Rectangle ). I expect the p rice to fail to break below the weekly resistance, starting a reversal, breaking the descending channel and forming a new uptrend market structure . I would enter a long position once the price retested back to the Green descending channel, successfully indicating a trend line breakout . This is shown by the Orange Path .
Long
by wookyu2001
EURGBP - CURRENTLY IN DISCOUNT PRICETechnical Overview: - EUR/GBP We had seen the bearish run down raiding the support level at 0.88500 many buyers and sellers were interested in this very special level. Due to the fact that the market likes to move where there is liquidity, it is no surprise that we raid this very key lows. Many of us are taught to buy where price is mostly rejecting, and that's exactly what the big banks want you to believe. We were anticipating this raid to the downside clearing all buyers and sellers before we can look for buy opportunities. It is very crucial to point out that we are in discount pricing meaning price is oversold, thus giving us a chance to look for buy potential. We do anticipate price to come down lower from a smaller time frame, however higher time frame we are using this as a chance to buy these deals! Remember this is our free analysis! To learn more find out below. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
14
EUR/GBP LONGEUR/GBP has been respecting the descending channel drawn by the green trend lines. The Price has recently failed to break below the key resistance level and is showing a reversal within the channel. I expect the price to increase until it reaches the upper green trend line continuing the descending channel as drawn by the grey path. If the price reaches the upper green trend line and breaks above it, I would wait for the retest back onto the trend line and go long until it reaches the next key resistance level
Long
by wookyu2001
EURGBP H4 TIMEFRAME ANALYSIS 3R TARGETAs you can see from the chart we wait for the price to reach the key support level near the two green lines near the lower channel line. We buy this pair expecting it to fuel higher up to the upper channel line before it does what it is known to do as usual. As you can see this week we are already in a good profit from our previous analysis, this is actually fantastic. We hope you will also get phenomenal rewards on this. Just stay with us. (Disclaimer, invest at your own risk). This is our view. What is your view on this pair?
Long
by Piptera-Digital-Solutions
EURGBP - Great R/R TRADE OPPORTUNITY!!!EURGBP - Great R/R TRADE OPPORTUNITY!!! This pair did my head in yesterday, nearly get stopped out but I was disciplined and the patience paid off this morning waking up to green screen! That's the best feeling but everyday isn't like that. Don't get your emotions get to you whilst trading, I actually learnt this the hard way and I'm still working on that but you are who you bring to the market, there are great psychology books to help with this - if you are struggling message me privately I will be sure to give you trading reading list. I got in at the lows of the formation, scaled in - Took 60% of partial profits got two more long positions in. Technical aspects: Pattern: Wedge Support: 0.88240, 0.88100, 0.87960 Resistance: 0.88380, 0.88520, 0.88780, 0.89100 Fundamental aspects: BoE TODAY - Focus on negative rates - I don't personally think they will go towards negative rates, vaccine roll out is positive, no further QE is really needed. Don't forget to enter this trade idea, add your own trading plan towards it. Add further confluence. Key tip: Be humble - There are so many ways to trade out there, but most important is if your way of trading is gaining capital - Keep Doing You! Have a great Thursday!! Trade Journal (Just a trade idea, not a recommendation)
by Trade_Journal
1
EURGBP: A possible CHANNEL BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/GBP ⚪ Technical Analysis : Since the beginning of January 2021, the price has been following an interesting descending channel, breaking through the S/R level at about 0.89300, getting many rejections on the support level at about 0.88100. It is currently re-testing the same level and the next price action around that zone will be essential to understand the next market movement. 🔴 Conclusion : The price seems to be not strong enough to break the current support zone. I'm confident to see it getting one more rejection, moving up with a bullish impulse until the next S/R level at about 0.89200. I'll be waiting for the breakout of its channel before planning my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
18