eurgbp a good place to longI have an idea about eurgbp which is a swing in trend. I'm waiting to see what happens when the price reaches the black box. if there will be any retracement patterns like QM, I would go for a long position.
Eurgbpsignal
EURGBP ____ INCOMING BULLISH RALLYHello Traders,
EURGBP has entered into an exciting zone, which is a weekly FVG (yellow box) and has reacted. I expected the price to retrace into the blue box which is my area of interest to look for a long setup.
This happened on Friday and my long setup didn't come. However, I was expecting price to go deeper today to take out induced early buyers. Hopefully, my preferred long setup appears tomorrow.
Another thing I would like you guys to look at is the weekly equal lows (you can use the daily timeframe to see it clearly) that have been swept with this week's price movement and to price into the weekly FVG.
Let me know what you think in the comments.
Cheers,
David
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly BUY until the 0.8762 LEVEL. And after that EURGBP can SELL to 0.8600 LEVEL. The given STRUCTURES should be BREAKED for that...
EURGBP 14May2023EURGBP entered into a bearish period, seeing the wave form included in a complex correction wave, a bearish channel was also formed, there is a possibility that in the next few weeks it will still be in a complex bearish period, marked with a fairly high price range but unable to form a new HH. if the wave count is correct, there is a high probability that this pair will be around 200 pips more.
EURGBP ____ INCOMING LONG TRADE Hello Traders,
I hope your week has been good. mine has been FANTASTIC and I'm not exaggerating.
EURGBP right now has entered into an interesting zone, which is a weekly FVG (yellow box), and has reacted. I expect the price to retrace into the blue box which is my area of interest to look for a long setup. To be frank, I am not sure I will get my setup before the price takes off but I'd be on the lookout.
Another thing I would like you guys to look at is the weekly equal lows (you can use the daily timeframe to see it clearly) that has been swept with this week's price movement and to price into the weekly FVG.
Let me know what you think in the comments.
Some of the pairs I would be monitoring for next week are:
AUDCAD, AUDCHF, GBPCHF, GBPCAD et al
Let me know if you are also monitoring EURGBP.
Cheers,
David
EURGBP BUYHi fellow traders, EURGBP looks ready for a move higher from the blue box area. The trade will be invalidated if we break the red line. Target the resistance levels. Good luck and trade safe!
DeGRAM | EURGBP sell pullbackEURGBP broke out of the descending channel and then dropped.
Price pulled back following bearish momentum. It rebounded from the resistance and fibo levels.
We expect the price to retest the support levels and further move down from the resistance + 61.8% fibo level.
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EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly BUY until the 0.8819 LEVEL. And after that EURGBP can SELL to 0.8700 LEVEL. The given STRUCTURES should be BREAKED for that...
DeGRAM | EURGBP bullish pressureEURGBP is making higher lows and equal highs, indicating bullish pressure, or, in other words,it's an ascending triangle pattern.
The market is hitting the same resistance level, and eventually the price will break through.
We anticipate the breakout of the triangle pattern.
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EURGBP top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | EURGBP at major resistanceEURGBP is approaching a major resistance level and dynamic resistance.
Price broke out of the descending channel and made a two-legged move.
The market printed a bearish harmonic pattern, which adds more confluence to the level.
We anticipate a sell off and bearish move.
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EURGBP TradingView H1Here is my view for EURGBP on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURGBP - Re-entry on sell for a RRR of 4.75:1Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
FX:EURGBP been moving quite tricky within our preferred structure. Seeing a great opportunity for re-entry and continue towards our plan.
Risking 2% for 9.5% (I open two 1% risk positions where each is RRR 4.75), I always take amount invested as partial and let rest run.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
DeGRAM | EURGBP retracementEURGBP is in a descending channel and in a bearish trend .
Price broke and closed below the psychological level o f.88000.
We expect the price to retest the support levels and further move down from resistance + 50% fibo level.
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EURGBP - Sell idea for a RRR of 4.2:1Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
FX:EURGBP been moving quite nicely within SMC structure. Seeing also a great opportunity for sell from this area to continue its move.
Risking 1% for 4%, I always take amount invested as partial and let rest run.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly SELL until the 0.8700 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
EURGBP H1Here is my view for EURGBP on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURGBP BUYHello traders, let’s focus on EG, we have a clear view of price at this point, we broke a Trend line and we have a retracement back and we are looking to buy at this point, tell me what you guys think about this trade guys
EURGBP Prediction H1Here is my view for EURGBP on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
#EURGBP-500+ BUYING OPPORTUNITY DO NOT MISS OUT!EURGBP- we did not have a clear movement on this pair especially when both currencies have the same momentum demand and supply. We are expecting price to continue dropping until it drops to our area of entry!!!
DeGRAM | EURGBP psychological level of 0.8800EURGBP is in descending channel and in a bearish trend.
Price bounced off the psychological level of.88000 that was tested multiple times before.
We expect the price to retest the support levels and further move down to the psychological level of 0.86000 + resistance + 50% fibo level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
20 Reason for buy EURGBP🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: Yearly A confirmed UPtrend makes proper high and low after the last valid low price is on their above equilibrium a clear flag pattern is also here, and wick offspring also confirm themself
2:📆Monthly: bearish trap at monthly lows and long wick and big Imbalance area at the above side, so the price may go up for fill up Feb reversal candle mot able to maintain themselves price reject last month's low and start upside move
3:📅Weekly: with monthly support on the weekly tf price, make a high after a last weekly spinning top bull side price formation confirm
4:🕛Daily: low is valid now, but high is not yet mean price may be going to make another high last daily engulf candle also super high momentum now price make a buildup here
😇7 Dimension analysis
🟢 analysis time frame: H4
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: inside the bar at low, with h4 FVG support, 2nd momentum candle with significant volume, make a flag, again right now makes support on h4 OB again
7: 3 Volume: no volume on retracement but the significant volume on bull candles
8: 4 Momentum UNCONVENTIONAL Rsi: above 40 technically bullish, no weakness
9: 5 Volatility measure Bollinger bands: tight squeeze, above the middle band, make support on 20MA,
10: 6 Strength ADX: start bullish strength because bull DMi makes a crossover on main ADX and bearish line
11: 7 Sentiment ROC: eur has positive ROC compare to GBP right now
✔️ Entry Time Frame: 15 min
12: Entry TF Structure: Bear, but we need to wait for Choch on 15 min tf it is about 0.8877
13: entry move: should be bullish
14: Support resistance base: h4 ob, previous pullback area,
15: FIB: trigger even Occurred
☑️ final comments: Buy
16: 💡decision: Buy
17: 🚀Entry:0.8880
18: ✋Stop losel: 0.8833
19: 🎯Take profit: 0.8966
20: 😊Risk to reward Ratio: 1:2
🕛 Excepted Duration: 2 days
