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Eurgbpsignal

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.
by THE-10
EURGBP Bank Money heist Plan in Bullish DirectionMy 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 2 target in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, 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. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
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!
Short
by ProfitPanther
Eur Gbp long EUR/GBP Long Signal: Bullish Outlook Analysis: The EUR/GBP pair is showing a promising long signal, driven by a combination of technical patterns and fundamental factors suggesting upward momentum. Here’s a brief overview of the bullish outlook: Technical Indicators: Support Zone: EUR/GBP has found strong support around the 0.84700---0.84430 level, This support zone provides a solid foundation for potential upward movement. Eurozone Economic Recovery: The Eurozone is showing signs of economic recovery, supported by robust manufacturing and services sector data. This positive economic backdrop strengthens the Euro against the British Pound. The European Central Bank (ECB) is maintaining a relatively more supportive monetary policy stance compared to the Bank of England (BoE), which is grappling with inflationary pressures. This divergence in policy outlooks is likely to favor the Euro over the Pound. The EUR/GBP pair presents a compelling long opportunity, supported by strong technical indicators and favorable fundamental factors. Traders should stay vigilant and adjust their positions as needed, keeping an eye on key economic data releases and geopolitical developments that could impact market dynamics.
Long
by realtrademaster
DeGRAM | EURGBP pullback from resistanceEURGBP is moving in an ascending channel between the trend lines. The chart has reached the upper boundary of the channel and the dynamic resistance, and formed descending tops. Previous reaches of the resistance level were accompanied by declines. We expect a pullback to the 38.2% retracement level of the last bullish momentum. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
2
EURGBP: Targeting a 500+ Pips Move! Swing Buy EurgbpDear Traders, EURGBP has in bearish trend for a such a long time now, price have not shown any bullish momentum or behaviour, however, this might change price is dropping around to our discounted price zone. Where we expect a large amount of buying volume kicking in. historically, price of eurgbp tend to move slowly compared to other major pairs. So it will take months for this pair to hit our target which is 500 pips away from the entry. **like and comment our idea for more educational ideas, this will encourage us to bring you more knowledgeable ideas** Thank you, Team SetupsFX_
Long
by Setupsfx_
10
EURGBP Long Trade Setup A #long trade opportunity recently presented itself on the #europound (#EURGBP) #trading chart 📈. This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 0.85253 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 0.86400 psychological level and possibly testing the strength of the 0.86473 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspair
Long
by charles-okoukoni
5
EURGBP Analysis (10th April 2024) Market Analysis PT2/2 (9th April 2024) EURGBP Analysis On the 4 hour Timeframe, Price action has rejected of a 4 hour resistance level, creating a bearish 4 hour Change of character, followed by a BOS. This price action has resulted in a formation of a bearish FVG and a bearish Orderblock as well. In order for price action to continue shorting, i expect price to pullback into either the FVG or the Orderblock before creating a 15 minute Change of Character to continue shorting. Should the FVG be tapped and rejected, i expect a sharp rejection off the FVG, not a slow one. If a slows rejection shows up, highlikely hood for price action to fill the FVG and tap in to the Orderblock before seeing some proper rejections. Make sure to risk less if you do take this set up as there is CPI and FOMC coming up later on during the NY session.
Short
by CallistoFX
EURGBP Trade Idea - VideoRegarding the previously posted EURGBP trade idea, this video provides an explanation of the thought process behind considering this trade opportunity. On the 1-hour timeframe for the EURGBP currency pair, the price has broken through the established structure to the downside. We can observe the formation of lower highs and lower lows, indicating a potential bearish trend. The plan is to look for a short entry on a retracement, targeting the previous low levels as indicated by the chart markup. This information is presented for educational purposes only and should not be considered financial advice.
Short
by fxtraderanthony