EURGBP Bank Money Heist Plan In Bearish SideMy Dear Robbers / Traders,
This is our master plan to Heist EURGBP bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Stop Loss : Recent Swing High using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Eurgbpshort
EG likely see more downside to come!
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
More downside?To me seems likely.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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EURGBP - Possible Short OpportunityEURGBP is in a downtrend on higher timeframes and now, in my opinion, is starting a corrective move on lower timeframes after having broken the previous low at 0.85.
We will have to wait for confirmations, but I believe that we will have a short opportunity, in the retest of the 0.85 level, or higher on the major downtrendline/SMMA, I drew on the chart the 2 possibilities that I believe are most likely.
If we get the confirmations I will update the idea with my entry into the trade.
EURGBP - Short from trendline !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I wait price to continue the retracement and then to reject from trendline + FIBO 0.5 level.
Fundamental news: Tomorrow (GMT+3) we will see results of CPI on GBP and on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
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EUR/GBP Exchange Rate Analysis: Key Insights and ProjectionsThe EUR/GBP exchange rate is a crucial indicator of economic dynamics between the Eurozone and the UK. Current fluctuations are driven by economic data, monetary policy expectations, and political events, with significant implications as the UK heads into a general election.
Eurozone Economic Indicators and ECB Policy
Persistent disinflationary pressures in the Eurozone, with the PPI falling by 0.2% in May.
ECB may cut interest rates in Q3 2024 if producer prices continue to decline, potentially weakening the euro.
Services sector growth slowing, with the final services PMI for June revised down to 52.8.
UK's Pre-Election Economic Environment
Cautious market sentiment towards the pound due to the upcoming general election.
Hopes for a stable Labour victory supporting the pound.
UK's services PMI for June eased to 52.1, reflecting a slowdown influenced by election-related uncertainty.
Political Impact on Exchange Rates
UK election could cause short-term volatility in the GBP/EUR exchange rate.
A Labour victory might boost investor confidence and support the pound, while unexpected outcomes could increase uncertainty.
Political stability in France supports the euro, despite broader economic challenges.
Exchange Rate Forecast
The EUR/GBP exchange rate will be influenced by the UK election outcome and ongoing Eurozone economic challenges.
Current trading at around 0.8465, with political and economic developments being key drivers.
Conclusion
The EUR/GBP exchange rate reflects economic health and political stability in both regions. The imminent UK election and Eurozone economic indicators will shape its future direction, with potential volatility expected in the short term.
EURGBP intraday rallies continue to attract sellers.EURGBP - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a top.
Intraday signals are bearish.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 0.8485.
We look to Sell at 0.8485 (stop at 0.8500)
Our profit targets will be 0.8445 and 0.8425
Resistance: 0.8485 / 0.8500 / 0.8515
Support: 0.8455 / 0.8440 / 0.8425
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURGBP - Bearish continuation !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so as I mentioned in my previous analysis, price filled the imbalance and rejected from bearish order block + institutional big figure 0.85000.
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Will EURGBP fill the gap?It's been 7 trading days already and the gap created on 10 June remains unfilled. It's not often that we see such PA in the forex market. After trying to 'runaway' I think that this market is now inching towards filling the gap. If/when that happens I will be looking for a bearish continuation.
This is not a trade recommendation.
Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades.
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EURGBP - Look for a short !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for short position. My point of interest is if price continue the retracement and fills the imbalance higher, then rejects from bearish order block + institutional big figure 0.85000.
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EUR/GBP Technical Analysis## EUR/GBP Technical Analysis
Timeframe: 15-Minute Chart
### Chart Overview:
The EUR/GBP pair on the 15-minute timeframe exhibits detailed recent price action, incorporating several technical elements that suggest potential future movements.
### Key Elements:
1. Downtrend Channel:
- The chart initially indicates a downtrend channel, with the price respecting the upper trendline as resistance and the lower trendline as support.
- This channel suggests a bearish trend with lower highs and lower lows up to a certain point.
2. Breaking Out of the Channel:
- Recently, the price appears to have broken out of the downtrend channel to the upside, indicating a potential reversal or at least a short-term bullish correction.
- The breakout is accompanied by a consolidation phase just above the previous upper trendline.
3. Support and Resistance Levels:
- Resistance Levels: Immediate resistance levels are noted at 0.84603, 0.85181, and above these, at the previous high around 0.8535.
- Support Levels: Key support levels include 0.84571, 0.84578, 0.84206, and further below at 0.84042 and 0.8400. These levels have provided significant support in the past and could act as potential bounce points if the price declines.
### Conclusion:
The EUR/GBP pair is currently in a critical phase, having recently broken out of a downtrend channel. The price action around key support and resistance levels will be crucial in determining the next move. Volume analysis supports the recent bullish breakout, suggesting potential for further upside if key resistance levels are breached. Always manage your risk with appropriate stop losses and position sizing.
EURGBP to find sellers at market?EURGBP - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 0.8455.
We look to Sell at 0.8455 (stop at 0.8473)
Our profit targets will be 0.8410 and 0.8400
Resistance: 0.8455 / 0.8470 / 0.8485
Support: 0.8425 / 0.8410 / 0.8395
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EUR/GBP - Epic Comeback!! That liquidity zone is so heavy !!
A long the time accumulate all the liquidity..
Remember this pair is the most powerful, because there are two strength currencies ..
If you understand long term, you have a money gun..
Obviously with the perfect strategy !!
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The Euro: Navigating Politics, Geopolitics, and SocietyThe euro, as the second most traded currency globally, is heavily influenced by the political stability of the European Union (EU) and global geopolitical dynamics. The stability of the euro is linked to the political environment within the EU, where recent events like the rise of EU-skeptic parties and political turbulence in key member states, such as France and Italy, have introduced uncertainty.
Geopolitical tensions, such as the conflict in Ukraine and economic policies from major economies like the US and China, also significantly impact the euro. Additionally, the rise of Islam in Europe, due to immigration and higher birth rates among Muslim communities, has influenced elections and political discourse, contributing to the success of far-right parties. These sociopolitical shifts further complicate the euro's stability by introducing political instability and policy uncertainty.
Currently, the pound-to-euro exchange rate has surged, driven by EU political instability and the cautious approach of the European Central Bank (ECB) towards inflation and interest rates. The euro's future will be shaped by a complex interplay of internal political cohesion, global geopolitical tensions, and sociocultural dynamics.
EURGBP Bearish ContinuationAfter breaking down out of the head & shoulders pattern we broke below support acting as a stronger resistance area around 0.86259 - 0.86131. Also, price has consolidated and expanded just enough respecting a bearish trend line, creating a bearish flag & another Bearish Order block. I believe this OB is valid due to the imbalance plus a breaker block aligned within the imbalance. Once price reaches my POI I'd switch to the 15 minute time frame and look for a liquidity sweep and brake of structure during kill zone hours ( London Session ) & enter from the 15 minute order block. When all confirmations are put together and used during the correct time it's more comfortable and the probability is higher. Let me know what you guys think! Good luck to everyone trading!
EURGBP | Short H4 | Market Exec | Still Betting Against the EURTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frames
- Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone)
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the AUDNZD. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8590 - 0.8620
SL @ 0.8643
TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8522
Risk-to-Reward @ Approx. 1.73 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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EURGBP | MT Short H4 | Betting Against the EURPair: OANDA:EURGBP
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frames
- Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone)
- Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone.
Fundamental Confluences for Trade:
- Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the FX:AUDNZD . Any major movement will come from supply-demand areas, monetary policies or economic data gyrations.
Suggested Trade:
Entry @ Area of Interest 0.8590 - 0.8620
SL @ 0.8643
TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8522
Risk-to-Reward @ Approx. 2.22 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
EURGBP - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill that huge imbalance lower and then rejects from bullish order block.
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EUR/GBP SELL STOP at .8620Yesterday I SHORTED this pair from just below the WR1 pivot.
There was French and German Flash Manufacturing & Service PMI this morning so I banked the profit and waited to see what the print was.
All releases came out in green numbers and inevitably this gave a boost to the EUR.
Key now was the realease of the same data out of the UK.
This too came out in green numbers for Services amd red for manufacturing (mirroring the French and German print).
Before all this data EUR/GBP was drifting lower and I expect this direction south to continue.
However. The price has been stuck at 25 EMA which has so far supported the price and prevented EUR/GBP BEARS from driving the price south.
We need to see this EMA broken so in anticiaption of this, I've set a SELL STOP at .8620 which is 6 pips under the currenct price.
ON the H1 time frame RSI is declining as is MACD.
The red SELL line of the Andean Oscillator is rising and the green BUY line has crossed the signal line.
All these are BEARISH signals so its likely we may see the price decline.
There's Manufacturing and Services news out in the US at 14:45 but its uncertain how this will affect the market.
If the trade is triggered then place stops above the 25 EMA and look at the WPP pivot at .8583 as potential target though momentum will (as ever) determine stops and take profit.
SHORT EUR/JPY from .8642Since the middle of last week we have seen all GB P pairs selling off.
GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south.
Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these at the start of week and plan for when/if the price hits.
In the last few hours we can see GBP is rising.
WS1 has been hit across several GBP pairs and its clear that there is some BULLISH momentum around.
Obviously, if GBP is rising then EUR/GBP will fall.
The price has just failed to reach WR1 and its not impossible EUR/GBP BULLS may try to take the price to this level but its also possible that EUR/GBP BEARS will jump on this pair and drive the price south.
RSI was as high as 88 a couple of candles ago but now is reading 73.
MACD on the lower timeframes is signalling SHORT and the Andean Oscillator sees the red SELL line reading over zero having been flat.
The path of least resistance is south and the BULLS have it all to do to push back into overbought to move the price higher.
STOP for this is a hard stop at .8650 (8 pips) and the target initially is .8583 which is WPP mid pivot though the I'll close the trade if there are signs of any BULLISH recovery.
EUR/GBP H4 | Rising to 61.8% pullback supportAccount FP - #1080732
EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower.
Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level.
Take profit 1 is at 0.85498 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.41
Take profit 2 is at 0.85412 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.28
Total risk 1.3%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.