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Eurgbpsignal

20 Reasons For Buy EURGBP🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The overall structure is bullish, but the current phase is corrective. The low has already been confirmed, and an impulsive move with significant volume and valid momentum candles indicates a potential breakout of the narrow range in the bullish direction. 2:📆Monthly: A sideways to bullish market is observed, with a confirmed low. However, this move also seems to have absorbed liquidity on the lower side. The presence of a doji formation at the end of the candle suggests the need for confirmation. 3:📅Weekly: The market is near the lowest level of the move, and the low has already been confirmed. The price action at this level is at a decision point for continuation or reversal. The strong reversal sentiment is indicated, especially by the consecutive inverted hammers this week, along with the gap-up opening. 4:🕛Daily: The recent price action shows more bullish candles compared to bearish candles in terms of size and count. The previous candle before the lowest point experienced significant volume, indicating profit booking. Today's pro-gap suggests overnight developments in this pair, so the closing of today's candle will provide a clear institutional blueprint. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Pro-gap and medium strength closing are significant patterns to consider. 7: 3 Volume: Significant volume observed during sell-off or profit booking candles. 8: 4 Momentum UNCONVENTIONAL Rsi: A shift from bearish to sideways momentum is observed, along with a powerful 5-candle bullish divergence. 9: 5 Volatility measure Bollinger bands: The double bottom pattern at the middle band resistance holds significant importance. Waiting for further confirmation after a volatile move and the formation of this pattern suggests a potential short consolidation phase. 10: 6 Strength ADX: A fight between bulls and bears is ongoing, but bears seem to be weakening due to their long-standing battle to maintain their positions. Fresh and ready bulls can potentially take control from here. 11: 7 Sentiment ROC: Sentiment seems to be the only factor going against the price action and other indicators. Therefore, today's closing is crucial, and it is recommended to wait for the closing or filter the analysis in lower time frames. ✔️ Entry Time Frame: H1 12: Entry TF Structure: Bullish 13: Entry Move: Impulsive 14: Support Resistance Base: Extreme order block support 15: FIB: Activated and trendline breakout ☑️ Final comments: Open a buy entry at the breakout. 16: 💡Decision: Buy 17: 🚀Entry: 0.8580 18: ✋Stop Loss: 0.8514 19: 🎯Take Profit: 0.8758 20: 😊Risk to Reward Ratio: 1:3 🕛 Expected Duration: 15 days
Long
by Optimum369
4
EURGBP Expectations: UK Inflation and BoE's Decision this WeekOn Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps now tracking down again. In recent weeks, the sterling has experienced a rallied against the EUR and USD (particularly against the USD, marking its largest weekly gain since December 2022). This surge can be attributed to economic data suggesting that inflation in Britain is more persistent compared to the United States and Europe. As a result, traders have started factoring in more interest rate hikes from the Bank of England, leading to increased yields on British government bonds and bolstering the pound. Additionally, investors' expectations have been heightened by recent data showing a faster-than-anticipated growth in British wages. Currently, the pound is down 0.26% against the dollar, trading at $1.278. However, it remains close to the 14-month high of $1.285 reached on Friday. British inflation data is scheduled to be released on Wednesday. Economists predict that the headline Consumer Price Index will have slightly cooled to 8.5% year-on-year, down from 8.7% in April. However, they anticipate that the core CPI, which excludes volatile food and energy costs, will remain steady at 6.8%. If these figures align with expectations, the pound could strengthen further due to the anticipation of additional interest rate increases by the Bank of England. Nevertheless, any unexpected results could introduce volatility into the market, and perhaps validate the recent rebound in the EUR. On Thursday, the Bank of England will announce its decision on interest rates, with investors and economists expecting a 25 basis point hike to 4.75%. There is little uncertainty surrounding this decision, so traders will closely examine the bank's forward guidance. Indications of future interest rate hikes are likely to bolster the GBP.
by BlackBull_Markets
EURGBP ____ BULLISH MOVE ANALYSISHello traders, We can see that price has formed relatively equal lows and highs which is famously known as sell-side and buy-side liquidity. What price is likely to do is hunt both liquidity pools because there would be buy/sell orders, stop-losses etc. The market is more often than not going to go after the buy/sell side liquidity, thereby stopping so many traders out. Whenever you want to take a trade, and you see this kind of setting, it is best you wait for the sweeping of these liquidity pools before looking for a trade setup that way, you will not be stopped out only for price to go your way. Follow for more analysis like this. Cheers, David
Long
by jabariofafrica
3
EURGBP ____ INCOMING BULLISH EXPANSIONHello Traders, EURGBP is in an interesting zone, which is a weekly FVG (yellow box), and has reacted. I expect price manipulation in the blue box which is my area of interest to look for a long setup. 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. Follow me if you are struggling with technical analysis. Cheers, David
Long
by jabariofafrica
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
Long
by jabariofafrica
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...
by benny_marshall
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
Long
by jabariofafrica
2