Eurgbpshort
EURGBP - WEEKLY CHART #EURGBP
Here is Weekly Chart Outlook
Am Looking More Down
Because Weekly Long Demand Zone Break And Complete Its Retesting
So We Are Looking More Down Before Go Higher
EUR/GBP Multi-Timeframe analysis (Update) 666.2 PIP Move?Hi Traders
EUR/GBP Multi-Timeframe analysis Update
H1 CHART ( Bullish )
Target 2 at 0.86964 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market.
Support & Resistances
0.86272 0.86485
0.86155 0.86539
0.85957 0.86697
H4 CHART ( BEARISH )
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistances
0.86775 0.86995
0.86402 0.87597
0.85382 0.87903
DAILY CHART ( BEARISH )
Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level.
Support & Resistances
0.86396 0.88602
0.84878 0.89428
0.82575 0.90841
WEEKLY CHART ( BEARISH )
Target 1 at 0.86142 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.88652 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistances
0.88602 0.91750
0.86142 0.93235
0.82759 0.94977
EURGBP Quickie! 15M / 2.5Let's make a quick buat on EG! Sell at 0.86982. With 2.5 ratio.
Thats 19 pips, with the risk of 7 pips.
Good luck awesome traders!
EUR/GBP Approaching Resistance On RetraceAs reported in my previous post on this pair this is now coming close to resistance. The blue line indicates the lowest point of the old support which was obviously broken and now should act as resistance. I want to see this reach this price and rebound lower to the next target. Need to wait for the price to show it is reacting to this level before entering a short but if it plays out as I am predicting then SL can be set just above 0.786 Fibonacci and the TP can be set at 0.84157.
Below the TP price is a big support level which the price has been ranging from for the past 4 years. From there price is likely to correct higher and range for a while before there is any chance of a breakout below the support.
EURGBP shortEURGBP was preparing for an immediate crash. However, the success of this analysis is high as the GBP strengthens. 20 EMA and 50 EMA were used as additional confirmations. Both of those lines are currently operating as cyclic resistance
EUR/GBP Wait For RetraceLike a lot of pairings at the moment this did not make a retrace and continued straight to the next support/resistance level. This touched the next TP price I had set but without the retrace I could not enter the trade.
Now the plan is to wait for a retrace as this is very overbought. A retrace to around 0.5 Fibonacci would be good but we need to see the rebound before entering. I have set the TP target at 0.83139 which is the next big support level.
EURGBP Wyckoff SellMid Trade Update of EURGBP 500 pips sell using Wyckoff. GBP is strengthening as UK leads in mass vaccinations and EUR struggles with vaccination supply and rollouts.
Eur/GbpTrap 2.0
Looking to place 2 Pending orders with risk to reward of 2!
Sell Stop @ .86426
Sell Limit @ .86647
Price is below all EMA's
Playing of a 4 bar Bearish Engulfing candle
& Follows the trend
🤜🏻🤛🏻
Euro Weakness EURGBPAs the UK comes out of lockdown and the economy re-opens I expect that the GBP strength will continue.
Next level is a 4% drop in EURO value against the GBP, 400+ pips, trading from the weekly chart.
My stop levels are large, but will still only be 1/2% risk for me. The total trade is a 2.74:1 risk reward (slightly under my minimum 3:1).
I like the feel of this trade from a price/trend continuation point of view and fundamentals.
Let me know what you think? Could we push even lower to pre-brexit levels?
EUR/GBP Multi-Timeframe analysisHi Traders
EUR/GBP Multi-Timeframe analysis
H1 CHART ( BEARISH )
A high probability, entry signal to go SHORT was given at 0.86671 after the market found resistance at 0.86779 . Only the upward break of 0.86779 would cancel the bearish scenario.
Support & Resistances
0.86402 0.86793
0.86182 0.86995
0.85809 0.87182
H4 CHART ( BEARISH )
Waiting for a retracement higher towards the 0.86793 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.86995 level.
Support & Resistances
0.86396 0.86793
0.86182 0.86995
0.85809 0.87375
DAILY CHART ( BEARISH )
Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level.
Support & Resistances
0.86396 0.88602
0.84878 0.89428
0.82575 0.90841
WEEKLY CHART ( BEARISH )
A very low probability, entry signal to go SHORT was given at 0.88652 after the market completed a bull trap reversal pattern. Only the upward break of 0.92906 would cancel the bearish scenario.
Support & Resistances
0.88602 0.91750
0.86142 0.93235
0.82759 0.94977
EUR/GBP Short predictionlooks like EUR/GBP is on a downtrend, likely to continue over extended period of time
looks to be fitting into descending triangle
EURGBP- wait for a retest then go shortDon't forget to hit like and leave comment down below! 👍
Hello traders!
Here are my thoughts on EUR/GBP.
AS we can see price has been downtrending for quite of time creating LL and LH. Now price has broke through daily support, which means that I will be looking for sells once I see that previous support ( now resistance) was re-tested.
📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
EURGBP MELTINGEURGBP is melting like an ice cream on a warm summers day. Second time this week we have taken advantage of the bears on EURGBP. We entered earlier this morning with an entry of 0.86745 and we are currently sitting comfortably in profit. We are going to patiently sit on this pair to hopefully see price reach our Take profit Zone at 0.86089.
EUR/GBP Wait For RetraceThis hit my TP yesterday, I now want to see this retrace so we can enter another short. When viewing on the weekly and daily timeframes you will see this has been on a big drop without a retrace and we are now at a support level. This is why I feel it is a good time to secure profits and wait for a better position to short again that will take us past the support.
I want to see this retrace to at least 0.382 Fibonacci and providing the indicators confirm and price rejects from here we can enter shorts to a target of 0.85959. My ultimate target is 0.83139 which is the bottom of a range this has been in since 2016.
EUR/GBP BUY H2EUR/GBP BUY H2
The price touched the support line at 0.8762. This is one of the strong support line. I expect the price to bounce off this line.
Ready for Buy
Follow Now For More Content
EURGBP Sell (MY View)Looking For a Sell Position EURGBP. Banking on Bearish Trend To Continue Till With This Pair
Fibs For TP 1$2
EURGBP possibile shortHi Traders,
This is our view on this cross for the next few days.
#EURGBP
SELL 0.88148
SL 0.88460
TP 0.87548
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
