EURGBP I Headed for top of the rangeWelcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Eurgbpshort
EURGBP Long Term Selling Trading IdeaHello Traders
In This Chart EURGBP HOURLY Forex Forecast 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 CHART 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 15/09 MovePair : EURGBP ( Euro / British Pound )
Description :
Rejection from the Daily Descending Trendline at Fibonacci Level - 61.80%. It has completed " ABC " Corrective Wave. Bullish Channel as an Corrective Pattern in Short Time Frame and it has Breakout the Lower Trend Line and Completed its Retest
EURGBP 31/08 MovePair : EURGBP ( Euro / British Pound )
Description :
Bullish Channel in Short Time Frame and Rejection from Upper Trend Line or Fibonacci Level - 61.80% , It has Breakout the Lower Trend Line and Completed the Retracement. Impulse and Correction Completed it will make its Impulse Again
EURGBP SHORTWe have been monitoring this pair for a while now. We have a CHOCH and BOS on the 4 hour that led to the bearish slide to the demand zone below. Currently we are witnessing a bullish correction targeting our sell orders at 0.8901, our intended profit target is 0.86 region where we have unmitigated demand zone.
EUR GBP SHORT Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
EURGBP LONG TERM BUYING IDEAHello Traders
In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EUGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART 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 VERY BEARISHhello traders honestly i did not find this my self it was idea of @VasilyTrader
after watching his video about eurgbp i decided to hop on the chart and i found that the price formed a head and shoulder with a broken retested neckline on the daily tf .
@VasilyTrader Latest video provides more signs that the price may be heading down i recommend everyone to go watch it for somegood educational content and extra convincing as he does analysis of the 4h tf and the 1hr .
i also recommend to drop a sub this guys content is gold and really helped my trading career forever grateful to him.
this is no ad trading view dont ban me pls thx
Sell Limit EURGBP
Waiting for another candle to reach my sell limit level for a nice sell following up the downtrend in the daily chart. 3 Green candles with bears pushing the price down and they all close near the open price of the candles. I expect the bears to jump in the market in the next week for EUR/GBP.
Risk management: 1%
Risk to Reward: +2.25
EURGBP - AMD Confirmation ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we can see the confirmation of AMD Pattern, as for the last couple of days price was in a range and now price manipulated buy side liquidity and rejected from bearish order block, so I expect the distribution lower.
Fundamental analysis: This week on Thursday will be released Bank Rate on GBP, which was forecasted to increase, this means strength in currency, so it will support our analysis.
Like, comment and subscribe to be in touch with my content!
7 Dimension Analysis For EURGBP 😇7 Dimension Analysis - Daily Time Frame: Identifying Potential Reversal Opportunities
1: Price Structure:
Bullish trend with an initial choch (Correction of Higher Chance) phase. The move is impulsive, but weakness is evident with an inverter hammer and a doji candle formation. Inducement is completed, and the price has changed its character. A liquidity sweep has occurred with no pullback yet. Demand area and weekly support are defined, providing a strong foundation.
2: Patterns:
🟢TREND LINES:
Multiple angles and horizontal lines indicating potential support and resistance levels.
🟢CHART PATTERNS:
Double bottom pattern with a fake breakout. Rectangle pattern already broken. A fake out occurred at the bottom.
🟢CANDLE PATTERNS:
Inverted hammer with multiple long wicks. Doji candle formation. A record session count with 6 consecutive sessions showing proper higher high closings. Change in guard pattern completed. Inside Bar pattern with the last two sessions forming an inside hammer and an inside doji.
3: Volume:
High volume at the start of the swing, but currently low volume.
4: Momentum UNCONVENTIONAL Rsi:
🟢 Sideways to bullish .
🟢 Range shift from Bearish to sideways.
5: Volatility measure Bollinger bands:
🟢 Squeeze breakout occurred, but unable to sustain. Now, middle band support will decide further direction.
🟢 W formation completed, suggesting a move towards the target.
🟢 Dual band derivation 1 supported.
6: Strength ADX:
Bulls are currently in power.
7: Sentiment ROC:
The rate of change indicates that EUR is stronger than GBP.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Entry Move: Corrective wait till Choch
✔ Support Resistance Base: Third Higher Low (3rd HL) May push prices into trigger area
➕ FIB: Trigger event activated
↕️ Trend line breakout: Wait for confirmation. after breakout we will wait price can finish corrective move
☑️ Final Comments: Waiting for the completion of the corrective move.
💡 Decision: Patience until the price completes its correction.
🚀 Entry: 0.8591
✋ Stop Loss: 0.8499
🎯 Take Profit: 0.8755
😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: 10 days.
EURGBP - Short after filling the imbalance ✅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. I see price to reject from bearish order block + institutional big figure 0.86000 after filling the imbalance.
Fundamental analysis: Tomorrow we have news on GBP, will be released yearly CPI. If the result is positive, it will support our analysis.
Like, comment and subscribe to be in touch with my content!
EURGBP still showing downside - with warningM Formation on a large scale has formed.
We had the price break below and then retest the pattern once again.
Thing is we haven't had the price break above the downtrend as of yet. This means, the bias does remain bearish but anything can change if the selling doesn't continue.
200>21>7 (bearish)
RSI<50 (Lower highs)
Target -0.8200
SMC
(Buy Side Liquidity is where Smart Money comes in and sells into the Order Block. However, with the price still flirting at the support means, the selling is not as a strong as anticipated.
I'm bearish but cautiously bullish if the price does break above the downtrend.
EURGBP downside due to a large M FormationM Formation has been in the making since 19 August 2022.
The price then broke below the neckline, restested and is now showing a ton of downside to come.
We have other indicators showing bearishness.
200>21>7 (bearish)
RSI<50 (Lower highs)
Target -0.8200
SMC
(Buy Side Liquidity Order Block is clearly shown (green box)
Smart Money sells into positions (and sweeps liquidity) from traders who are short (get stopped) and for long traders who buy and enter into their trades.
EURGBP - Long active ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for longs. I expect bullish price action from here as we can see that price filled the imbalance and mitigated the bullish order block.
Like, comment and subscribe to be in touch with my content!
SHORT - EURGBP (D) (28 May 2023)Position Trade - EURGBP
EURGBP is not a profitable pair to trade due to the distance between the Supply and Demand Zones in the Monthly Chart.
However, SHORT opportunities are available for multiple positions for traders to profit from.
In the Monthly Chart,
- SHORTS are playing out already
and the price is in equilibrium.
Hence any trades in the WK and D1 needs confirmation.
In the Weekly Chart,
- We can set a pending SELL limit trade for price to retrace back to the Weekly Supply
A pending SELL limit order is placed on 28 May 2023
In the Daily Chart,
- Price needs to break an opposing zone before we can look for possible sells, as there were too many wicky Daily candles to the left of the chart
Alert/s were set in the Daily Chart if price breaks the zone as of 28 May 2023
EURGBP Long Term Trading IdeaHello 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 CHART 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.