EURGBPPair : EURGBP ( Euro / British Pound )
Description :
Completed " 1234 " Impulsive Wave at the Lower Trend Line of the Corrective Pattern " Rising Wedge " in Short Time Frame. It will Reject from the Fibonacci Level - 61.80% or Previous Resistance Level forming Triple Top
Entry Precautions :
Wait for the Proper Rejection Price Action
Eurgbpsignal
EURGBP:08/11/2023:🔴Sell opportunity🔴As you can see, the market structure is bearish and we looking for a sell.
There is a bearish order block with liquidity that makes it even stronger.
Attention please: We need LTF confirmation for entry.
💡Wait for the update!
🗓08/11/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
EURGBP I Pullback and continuation Welcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - Listen to video!
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EURGBP Long Term Buying 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.
EURGBP a break out could change everything very intense scenario going on eurgbp at the moment
analysing the weekly tf looks to me like the price is bullish , the price formed a double bottom broke and retested neckline .
but on lower tfs looks like something else the price formed a double top on daily and decending triangle on 1hr .
the neckline of the double to in daily is also accompanied with 100 and 200 moving averages if the price manages to break all of them without a doubt we will see a bearish move
DeGRAM | EURGBP at major resistanceEURGBP is in an ascending channel, but the price is in consolidation on the 4-hourly chart.
Price bounced off the resistance level that was tested multiple times before. Look left.
We expect the price to retest the support levels and further move down to the support levels.
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EURGBP _____ INCOMING QUICK SHORT TRADEHello Guys,
How has the week been so far... Well for me, kinda bumpy but it's part of the game so I'm good.
Anyways, here we have a pair that just swept a monthly high (buy-side liquidity) and price formed a CHOCH on the daily timeframe, hence, the daily supply order.
I have set an alert for when the price will trade into the daily order block. Once that happens, I will drop down to the 1-hour timeframe to see if I will get my trade setup to go short.
Follow for more updates like this.
Cheers,
Jabari
EurGbp could rise above 0.88In the past 3 months, EurGbp has traded in a range between 0.85 zone and 0.8650
Last week, however, the pair managed to break above resistance an after a long time of consolidation we could expect continuation.
In this case, the next important level of resistance is above 0.88
The bullish scenario is valid as long as the pair stays above old resistance, now support
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
EUR/GBP Primed for Movement Amidst Key Economic IndicatorsThe sentiment from central banks, coupled with softer UK inflation data, suggests a bullish move for EUR/GBP. The technical analysis aligns with this perspective, indicating a potential move towards the 0.8700 handle, especially with the currency pair managing to stay above the 0.8650 level.
TRADE IDEA DETAILS
CURRENCY PAIR: EUR/GBP
CURRENT TREND: Bullish
TRADE SIGNAL: Buy
👉ENTRY PRICE: 0.8655
✅TAKE PROFIT: 0.8700
❌STOP LOSS: 0.8630
TRADE PLAN:
Enter a buy position around the current level of 0.8655. Given the potential upside, a take profit can be set near the technical resistance of 0.8700. To protect the downside, considering the inherent market volatility and any unexpected shifts in sentiment or data, a stop loss at 0.8630 is prudent.
FINAL THOUGHTS:
This trading idea is predicated on both fundamental factors (central bank sentiments and economic data) and technical indicators. Traders should monitor the position closely, especially around the time of the BoE's rate decision and subsequent economic releases, as these could serve as catalysts for significant price movement.
DeGRAM | EURGBP at major resistanceEURGBP is approaching a major resistance level and dynamic resistance.
Price made a two-legged move in the ascending channel. Price is essentially in consolidation on the 4-hourly chart.
The market printed a bearish harmonic pattern on the daily chart, which adds more confluence to the level.
We anticipate a sell off and bearish move.
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DeGRAM | EURGBP broke reaction zone in descending channel EURGBP is trading in the descending channel. The market is in a bearish trend.
Price rebounded from the resistance, broke, and closed below the significant level where price dropped.
We expect the price to retest the support levels and further move down from the resistance.
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DeGRAM | EURGBP continuation opportunityEURGBP pulled back to resistance and 50% fibo levels following a massive sell-off.
Price move is in the descending channel; bear's dominance The market printed a AB=CD pattern.
We anticipate a bearish move since the trend is bearish. It's a simple pullback trade.
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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.