Eurgbpsignal
EURGBP SELLWelcome . Euro pair against the pound. in a very negative state. With a head and shoulders pattern. There is a lot of pressure from the sellers to bring the market down. to 87,500 levels in the first stage. And level 87000 good luck. Note: If you liked this analysis, please give your opinion about it. in the comments. I will be glad to exchange ideas Thank you
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 RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can go up slightly until the 0.8916 LEVEL. And after that EURGBP can SELL to 0.8600 LEVEL. The given STRUCTURES should be BREAKED for that...
EURGBP Next Possible MovePair : EURGBP ( Euro / British Pound )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Breakout of the Lower Trend Line and Retracement at Fibonacci Level - 38.20%
Break of Structure
Completed " AB- wxyx " Corrective Wave and Making its " C - z " Wave
Bullish Channel in Short Term also acting as an Correction and Rejection from the Upper Trend Line
Breakout the Daily S / R Level Completing the Correction After Impulse
DeGRAM | EURGBP channel breakoutEURGBP is consolidating following a massive sell-off..
Price move is in the descending channel.
The market is printing potential AB=CD pattern, and recently it made a sharp move, which is AB leg.
We anticipate a consolidation zone breakout and retest of support levels as well as a fibo extension level.
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#EURGBPFrom another point of view, in the 4-hour period, we see a positive divergence and reaching the trend line with a lower slope and a resistance range from the previous movement, which can now act as a support, which is exactly overlapping with the B area of the pattern in the range of 0.88456. And it is expected to complete the divergence in the first step in the range between 0.88456 and 0.88962 maximum.
The ranges that were touched beautifully and accurately in the previous analysis and can now act as new targets.
The main priority at the moment is to wait for the performance result and stabilize the positive divergence in the 4-hour period.
#EURGBPIn the daily time, we identified 4 important ranges in the lower daily fractal.
1-0.92566
2-0.82676
3-0.97358
4-0.77886
All movements are currently considered within the above limits.
In the daily time, we are looking for two negative divergences. The breaking of the first trend line with a greater slope is a decisive point. Now, considering that we are in an upward trend, the divergence can complete itself as a range or side range.
EURGBP : Long Trade , 1hHello traders, we want to check the EURGBP chart. The overall trend of the market is up and the price is undergoing a correction and at the same time it has reached the uptrend line and also the key area of 0.88200 and 0.88400. The price has been in this area in the past. has reacted, so we expect this area to play the role of a support area for us. If the price can break the downward trend line in the general direction of the market and return to the specified level, it can be a good area to enter the transaction and wait. We have price growth up to around 0.89900. Good luck.
EURGBP buy Entry : 0.88464
Stop : 0.87717 , Target1 : 0.89216 , Target2 : 0.89958
Risk/Reward Ratio : 2
EUR/GBP Need To Buy Contamination .....
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#EURGBPCurrently, we are on the static resistance of 0.88962. If the above range is broken, we can expect the range of 0.88807 and the completion of a RECIPROCAL, which is considered an important range for the possibility of a correction (ascension). An ascending pattern has been identified, which can now act as a target and after being touched, it can act as a resistance for the target of 0.88448 in an important resistance range.
All the above goals are included in the form of breaking the first trend line and decreasing to the second trend line with a lower slope. The current strategy is included in the form of changing the slope.
EURGBP possible short for 0.87906th February daily inside bar, range confined within the previous bar range. 7th February daily bar broke the low of last two daily bars. this is the indication for weakness ahead for eurgbp. supply zone 0.8945-75, stop loss 0.9005, initial target: 0.8845, medium term target: 0.8790.
DeGRAM | EURGBP buy confirmationEURGBP is basically trading sideways near a major support level .
We can see some divergence on the support level and double bottom.
Price action has printed a bullish harmonic pattern, which is another buy confirmation.
We expect the price to retest the resistance levels and further move up.
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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 EUR to have a POSITIVE SENTIMENT is that 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 RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. According to that, EURGBP can go up slightly up to the level of 0.8973. And after that EURGBP can be SELL to 0.8647 LEVEL. The given STRUCTURES should be BREAKED for that...
ERUGBP 16 Jan Pair : EURGBP ( Euro / British Pound )
Description :
Rising Wedge in Short Time Frame and Completed the Breakout of the Lower Trend Line and Completed the Retracement
Completed the Corrective " ABC " Wave and " 12 " Impulsive Wave
Selling Divergence
Head and Shoulder if Reject from this Resistance then Long Term Sell
Fibonacci Level - 61.80%
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.