EURGBP LONG - POTENTIAL REVERSAL!Waiting for a retest of 0.85770 to long EURGBP back to 4H swing High at 0.86457
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Eurgbplong
EURGBP: BUYS COMING INHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the EURGBP pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
20 Reasons For Buy EURGBP🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The overall structure is bullish, but the current phase is corrective. The low has already been confirmed, and an impulsive move with significant volume and valid momentum candles indicates a potential breakout of the narrow range in the bullish direction.
2:📆Monthly: A sideways to bullish market is observed, with a confirmed low. However, this move also seems to have absorbed liquidity on the lower side. The presence of a doji formation at the end of the candle suggests the need for confirmation.
3:📅Weekly: The market is near the lowest level of the move, and the low has already been confirmed. The price action at this level is at a decision point for continuation or reversal. The strong reversal sentiment is indicated, especially by the consecutive inverted hammers this week, along with the gap-up opening.
4:🕛Daily: The recent price action shows more bullish candles compared to bearish candles in terms of size and count. The previous candle before the lowest point experienced significant volume, indicating profit booking. Today's pro-gap suggests overnight developments in this pair, so the closing of today's candle will provide a clear institutional blueprint.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bearish
6: 2 Pattern Candle Chart: Pro-gap and medium strength closing are significant patterns to consider.
7: 3 Volume: Significant volume observed during sell-off or profit booking candles.
8: 4 Momentum UNCONVENTIONAL Rsi: A shift from bearish to sideways momentum is observed, along with a powerful 5-candle bullish divergence.
9: 5 Volatility measure Bollinger bands: The double bottom pattern at the middle band resistance holds significant importance. Waiting for further confirmation after a volatile move and the formation of this pattern suggests a potential short consolidation phase.
10: 6 Strength ADX: A fight between bulls and bears is ongoing, but bears seem to be weakening due to their long-standing battle to maintain their positions. Fresh and ready bulls can potentially take control from here.
11: 7 Sentiment ROC: Sentiment seems to be the only factor going against the price action and other indicators. Therefore, today's closing is crucial, and it is recommended to wait for the closing or filter the analysis in lower time frames.
✔️ Entry Time Frame: H1
12: Entry TF Structure: Bullish
13: Entry Move: Impulsive
14: Support Resistance Base: Extreme order block support
15: FIB: Activated and trendline breakout
☑️ Final comments: Open a buy entry at the breakout.
16: 💡Decision: Buy
17: 🚀Entry: 0.8580
18: ✋Stop Loss: 0.8514
19: 🎯Take Profit: 0.8758
20: 😊Risk to Reward Ratio: 1:3
🕛 Expected Duration: 15 days
EURGBP Bullish scenarioPrice was hit support line, and waiting to rejection by not hit the lowest price.
EURGBP Bullish Bias!EUR-GBP broke the falling
Resistance line and while
Struggling, still is making
It's way up slowly so I
Think that we will see
A further move up !
EURGBP BUYAccording to my analysis of the eurgbp pair. There is a high probability of an ascending trend with the breach of the descending channel. And breaking the strong resistance at 0.85400. good luck for everbody
EURGBP - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a strong bearish market structure, so I am looking only for shorts. I want to see price to continue the retracement and then to reject from bearish order block + institutional big figure 0.86000.
Fundamental analysis: Tomorrow week we have news on GBP, will be released yearly CPI and on Thursday Interest Rate. Pay attention to the results in order to validate the analysis, as these news are one of the most important. If the results are positive for GBP, it will support our analysis.
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EURGBP Expectations: UK Inflation and BoE's Decision this WeekOn Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps now tracking down again.
In recent weeks, the sterling has experienced a rallied against the EUR and USD (particularly against the USD, marking its largest weekly gain since December 2022). This surge can be attributed to economic data suggesting that inflation in Britain is more persistent compared to the United States and Europe. As a result, traders have started factoring in more interest rate hikes from the Bank of England, leading to increased yields on British government bonds and bolstering the pound. Additionally, investors' expectations have been heightened by recent data showing a faster-than-anticipated growth in British wages.
Currently, the pound is down 0.26% against the dollar, trading at $1.278. However, it remains close to the 14-month high of $1.285 reached on Friday.
British inflation data is scheduled to be released on Wednesday. Economists predict that the headline Consumer Price Index will have slightly cooled to 8.5% year-on-year, down from 8.7% in April. However, they anticipate that the core CPI, which excludes volatile food and energy costs, will remain steady at 6.8%. If these figures align with expectations, the pound could strengthen further due to the anticipation of additional interest rate increases by the Bank of England. Nevertheless, any unexpected results could introduce volatility into the market, and perhaps validate the recent rebound in the EUR.
On Thursday, the Bank of England will announce its decision on interest rates, with investors and economists expecting a 25 basis point hike to 4.75%. There is little uncertainty surrounding this decision, so traders will closely examine the bank's forward guidance. Indications of future interest rate hikes are likely to bolster the GBP.
EURGBP Daily outlook still week on HTFEURGBP Daily outlook still week on HTF. but Reaching out at the Demand is the strong level we can use the confirmation rule for a long setup if we have a break of structure or break of vailed TL then we can go long until hit the nearest supply level
Thanks plz share your thoughts in comment box
EURGBP⚠️ Reaction From Hedger Premium Zone Out✔️ EURGBP is expected to rise
✔️ Recommended to consider buying from the balance and premium level 0.8560 & 0.8536
Trade active:
Now try to go up with new buyers...
⚠️ Buy the dips!!!
EURGBP - Bearish price action ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short position. I see price to continue bearish price action to fill the imbalance lower and then to make a new lower low.
Fundamental analysis: Tomorrow we have news on GBP, will be released monthly GDP, but on Thursday we will see the Interest Rate on EUR. Pay attention to the results of those news in order to validate the analysis.
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EURGBP - Potential Upward MovementEURGBP touched demand zone and is about to bounce back up. Exit at first supply zone.
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for the positive sentiment in EUR is that the USD has been quite weak in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly BUY until the 0.8680 LEVEL. And after that EURGBP can be SELL to 0.8500 LEVEL. The given STRUCTURES should be BREAKED for that...
EURGBP | Potential UpsideEURGBP has created a potential reversal sign as RSI printed a bullish divergence. We are waiting for a clean breakout to enter long in the market. Downside risk is limited.
#EURGBP- LONG 600 PIPS SETUP!!!Dear Traders, We have good buying opportunity on EURGBP, expecting EUR to be over the long term view and expecting GBP to be bearish over the next couple of months. Price currently in accumulation phase and it will drop to our 'point of interest' before it moves up.
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Take care and much love!
BULLISH BUTTERFLY PATTERN FORMED ON EURGBP H1A bullish butterfly pattern has just been confirmed on eg, the alternate ab=cd pattern confirmed the PRZ
Below is the correct measurement of a valid butterfly pattern
XA retracement of b point = 0.786, price confirmed that measurement, considering that b point tolerance is (+-3%)
AB retracement of c point = 0.382 - 0.886, price confirmed 0.618 measurements,
BC projection of d leg: 1.618 - 2.24, price confirmed the maximum value of 2.24
XA projection of d leg = 1.272.
Alternate AB = CD
AB retracement = 0.618
BC projection of d = 1.618, which complements the measurement of the bullish butterfly pattern and confirmed the PRZ.
Warning signal
Although, the price is still respecting the daily trendline. But there seems to be more bearish momentum at the time of composing this analysis. The price might drop to the sl value before reversal.
Risk to reward as always 1:2
Sl below x, or to the previous resistance value
TP1 at 0.382 and TP2 at 0.618 of A TO D measurement
Apply Good risk mgt, 1 to 2%
Disclaimer: This is not financial advice, do your own analysis and confirmation
EURGBP Long Term Selling Idea Hello Traders
In This Chart Forex ForecastEURGBP DAY By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EURGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
EURGBP- A Strong Bullish Divergence EURGBP is making a Strong Bullish Divergence. So, from here EURGBP make a Strong Bullish move.
EURGBP - Buy idea for a 1:6 Risk to RewardEURGBP has been consolidating for 3 weeks. It has really strong support at 0.8560 to 0.8570.
There is a pattern to go long at the current price. With the strong consolidation, we can expect a big move upwards. The stop loss is very tight - just 30 pips below the strong support.
This is counter trend and looking for a reversal.
DREAMS FOREX | EURGBPHello hustlers.. This idea for Swing Trader long term entry also use good trade management only thing important in Trading is how you manage your trade...
FROM 1:1 & 1:2 RISK REWARD RATIO...
Enjoy...
eurgbp a good place to longI have an idea about eurgbp which is a swing in trend. I'm waiting to see what happens when the price reaches the black box. if there will be any retracement patterns like QM, I would go for a long position.
EURGBP - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are bearish from daily perspective as we have huge imbalance lower that has to be filled. I expect price to make a retracement to fill firstly the imbalance higher and then to reject from 4H bearish order block + institutional big figure 0.88000.
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