EURGBP Short Swing-Bounce Rejection on support level signalling the continuation of the downtrend after profit taking
-Entering next negotiation zone
-Stop Above the bear candle
-Take profit on the opposite zone
2.43 r/r
Eurgbpshort
EURGBP - More Bearish Pressure To Come?Analysis:
Price was stuck in an area of consolidation for a while but we've seen that area be broken and price has made a substantial move to the downside indicating to us that we are only interested in shorting this pair. We're currently at an area of previous major support and we expect that this level will now hold as resistance and price will continue its move to the downside. For added confluence we also have a downwards trendline that has been respected multiple times showing us that the bears are in control of this market. So with this trend line lining up with our area of resistance there is a good chance that we will see price continue its move to the downside. Fundamentally the EUR is the strongest major currency whereas the GBP is the 3rd strongest major currency. Although this doesn't go in our favour this isn't the full picture. For many weeks now we've seen the GBP gain more and more strength and we expect this to continue whereas we're seeing institutions closing their long positions on the EUR. So although currently the EUR is stronger then the GBP we can see this changing in the future which is why we are bearish on this pair.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
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: bearish momentumEURGBP has broken a significant level, after a pullback I expect a further fall to lower support levels.
Daily chart:
Good trading!
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EURGBP is breaking down. EURGBP / 1D
Hello traders, welcome back to another market breakdown.
EURGBP has been trading inside a large trading range, the price has starded breaking down, natural target is the low of the range, I'll be trading this from a alevel to a level.
Checkout the chart for what I'll be waiting for.
Trade safely,
Trader Leo
EURGBP: Bearish Momentum Building, Potential Selling OpportunityThe EURGBP currency pair is showing signs of a bearish momentum shift, indicating a potential selling opportunity for traders. Currently trading at 0.8663, the pair has been facing resistance near the 0.8702 level, suggesting a possible downward movement.
Several technical indicators support this bearish outlook. The pair's recent price action has formed a series of lower highs, indicating a weakening upward trend. Additionally, the 50-day moving average has crossed below the 200-day moving average, signaling a potential shift in market sentiment towards the downside.
Traders may consider entering a short position if the price breaks below the immediate support level at 0.8663. A potential profit target could be set near the next support level at 0.8600, with a stop-loss ord er placed slightly above the recent resistance at 0.8702 to manage risk.
It is important to conduct thorough analysis and closely monitor market conditions before executing any trades. This idea should be considered as a suggestion and not as financial advice.
EURGBP SHORT - LOOKING FOR RETEST!Waiting for a retest of 0.86764 to short EURGBP back to 4H swing lows at 0.856763
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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.
Potential swing trade short on EUR/GBP EUR/GBP has just suffered its worst month in ten, thanks to renewed bets of a more-hawkish BOE and soft inflation reports across Europe. Volumes increased during the recent leg lower to show fresh bearish bets being placed and the OBV (on balance volume) has also confirmed the move lower on prices.
Prices are consolidating near the cycle lows on the 1-hour chart within a potential bear-flag pattern, and the flag projects an approximate target near the December low / daily S2 pivot point. A weak inflation report for the Eurozone later today could help send prices directly low.
However, should prices instead recycle higher first (which seems plausible given the magnitude of the bearish move) then bears could look to fade into the daily pivot point ~0.8610 or the volume cluster around 0.825.
Given the strength of the downtrend, we’d view a retracement higher as an opportunity to increase the potential reward to risk ratio.
EURGBP Bearish projectionEURGBP is on a general bearish momentum and after bouncing from the imbalance on the daily timeframe, the price will continue falling. Sell!
Part 2 EURGBP downAlready provide analysis, but have high probability of it breaking the weak low support of 0.86500.
If it does break, you can’t stop EURGBP from going go 0.85549.
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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EURGBP - Short Opportunity - H4EURGBP - Short Opportunity - H4
This is the second Euro pair i think might be sinking for a short while.
EURGBP SHORT - FINALLY SEEING STRONG MOMENTUM!Waiting for a retest of 0.87588 to short EURGBP back down to prior lows at 0.86750
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📌 Potential SELL setup for: EUR/GBP👩🏽💻Technical: Taking a look at the EURO, it's shown some weakness recently, unable to break the 0.88650 level despite several attempts. With daily support now broken, and a completed push > exhaustion cycle that also includes a rejection of the MA 200.
🎯 For an ideal entry: The price is currently within the channel. You could consider entering now, targeting a decent gain of approximately 20 pips before a potential re-test of the previous bottom. Alternatively, you might prefer to wait for the H1 closure for further confirmation.
EURGBP - SHORT#EURGBP in Daily Time Frame Setup
in this Chart
EURGBP is fully Break the trend line
so after some retesting EURGBP will down
If market reject my setup
I will share new Update
EURGBP Buy for scalpers and sell for day traders?EURGBP looks good for sellers, however we would not want to sell at the first POI as price would still be cheap (In the discounted area) from the swing high that created that BOS. Otherwise, the second OB should definitely give us opportunities to go short.
All the best!!!
W10-26 EURGBP BEARISH IDEApotential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern).
Entry, SL, and TP levels are defined.
EURGBP Short Term Sell IdeaH4 - Bearish divergence.
Lower lows.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
eurgbp long welcome
here is my eurgbp long idea
its based on
market lost levels dramaticly from 27th to 1st may, no retest of lost levels happened
on 1st may we created a higher high / low and it seems we magnatified by the weekly pivot (currently trading under)
in order to retest lost levels we will get in the area of broken weekly pivot of last week where alot of pa happened
market is bearish on higher tf like m, w, d
if the retest would not accour i will look because of bearish higher tf´s for good short trades to swing down
im thankful to see how this setup plays out
EURGBP (4 HR)EURGBP is looking very bearish & looks like we're going back down to the Daily support level. Now we wait for price to make a correction to the previous level of support with a proper candlestick confirmation.
EURGBP (Bearish)Price seems to be consolidating from a Daily perspective on EURGBP & seems to be heading towards the Daily support level.
