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Eurgbplong

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
EURGBP long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
EURGBP Have Yet To Breakout From Consolidation AreaLooking at EURGBP, we can see that price level has been moving within the support line @0.8896 and the resistance line @0.9085. With that, we managed to see instances where fakeout took placed with price level overextending out of this area. As of now, EURGBP has yet to show a strong BEARISH movement and might indicate that current movement might be a fakeout rather than a breakout. Instead, we managed to see price testing a weaker support @0.8833 and made a clean rejection from there. I am expecting price level to move back to the consolidation zone and continues moving sideway. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
5