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Eurgbpsignals

EURGBP Bullish Megaphone approaching its bottom. Long-term buy.The EURGBP pair has been trading within a Bullish Megaphone pattern since the March 07 Low, made around the strong aggression in the Ukraine - Russia war. Within this pattern, the 1D MA50 (blue trend-line) has been acting as a pivot in its middle since the beginning, while the 1D MA200 (orange trend-line) has been more of a Support near the bottom (Higher Lows trend-line) of the Megaphone. The pair completed three straight 1D closings below the 1D MA50 on Friday and is headed towards the 1D MA200 to form a bottom, within a familiar Channel Down (blue pattern) that formed the last two Higher Lows. With the 1D RSI entering the Support Zone of this Megaphone, the pair is gradually turning into a strong long-term buy again. Since the previous Higher Highs were made after breaking the 1.5 and 2.5 Fibonacci extension levels respectively, we can assume that the next one will be on the same progression, i.e. the Fib 3.5, which is currently at 0.92835. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
EURGBP Double Resistance rejection. 1D MA50 pull-back in focus.The EURGBP pair has been trading within a Channel Up pattern on the 1D time-frame since the March 07 market low, which only broke for one day. That came on June 14 when the price was forcefully rejected on both the 1W MA200 (red trend-line) and the 0.87200 Resistance that has been holding since February 26, 2021. This is where the pair is currently at, touching both the 1W MA200 and the Resistance Zone two days ago, with the price rejected sideways. The current consolidation on such high levels seems to be the sell accumulation phase before a leg downwards. With are selling this set-up, targeting the 1D MA50 (blue trend-line). We will turn bullish either on the 1D MA50 or at the bottom of the Channel (Higher Lows trend-line). In both cases the target will be 0.8700. In order to extend buying towards the top of the Channel, we would like to see a candle close above the Resistance Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
3
EURGBP Rejected on the 1D MA200The EURGBP pair has been trading within a Channel Down since the June 15 High. It is making Lower Lows on the 1.382 Fibonacci extension each time. On Friday the price got rejected on the 1D MA200 (orange trend-line) and today it is reversing lower. Keep in mind that the previous Lower High got rejected on the 1D MA50 (blue trend-line). It appears that this is an ideal sell opportunity on the medium-term. You can target 0.8250, which isn't just the 1.382 Fib extension but also the April 14 Low, rendering this level as the next horizontal Support. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
1
EURGBP - SHORT - BASIC SUPPORT & RESISTANCE ANALYSISEURGBP - SHORT - BASIC SUPPORT & RESISTANCE ANALYSIS In this chart, im looking from 3 perspective. 1) Supply & Demand 2) Trend 3) Significant S&R Level. SL - 20 PIP TP : RR / 60 #TAYOR My main indication is the H4 Double top has been consume at price 0.86764. Which make the movement is bearish . From that point of view, the price respected the trend point of view. Then price doing engulfing movement which i circle in the picture. So my point of view, it's relevant to take short at PRICE : 0.85986 as its the only price that near fresh base and significant resistance level . #EURGBP
Short
by bobclub39trade
2
EURGBP Bullish with 1D MA60 holdingThe EURGBP pair has been trading exactly as our last analysis projected on May 24: The Channel Up on the 1D time-frame continues to be dominant after the bearish trend of 2021 broke. Key highlight is that the 1D MA50 (blue trend-line) has been holding since the price broke above on April 22 and today is going for a test. As long as it holds, the price remains bullish short-term towards the 1W MA200 (red trend-line), which is the Resistance as it had a perfect rejection on June 15. A break above it is bullish towards the Higher Highs (top) trend-line of the Channel Up, while a break below the pattern and the 1D MA50 is bearish short-term towards the 1D MA200 (orange trend-line). A 1D candle close below the 1D MA200 (orange trend-line) could restore the bearish trend on the long-term. It is worth noticing the 1D MACD band squeeze since late May. The last time it happened was in May 2021 and was at the start of the Bearish Megaphone. We can claim that this formation is an accumulation pattern that favors the dominant trend each time. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- The EUR FEATURE currently stands at 1.0536 LEVEL. We will be able to see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE. Stay tuned for more this week. - Its price is slightly higher than EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2257 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS again. - Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly DOWN SIDE Tone. VIX INDEXES UP UP. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON because today is Monday. - EURGBP PRICE can be DOWN to 0.8475 LEVEL before UP. Then you can UP to LEVEL 0.8663. Also, the MARKET SENTIMENT may change after today's NEWYORK SESSION. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
by benny_marshall
EURGBP New Channel Up aiming at 0.87500The EURGBP pair has formed a Channel Up since the March 07 2022 bottom as on May 06 2022 it broke above both Lower Highs trend-lines of the 2021 correction, practically confirming the shift from the bearish trend to the bullish trend on the long-term. The 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) have successfully formed a Support zone as the former held on the latest Higher Low of the Channel Up on May 17. We should now see a Higher Higher at 0.86500 and after the profit-taking pull-back, a new HH around 0.87500. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
6
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- The EUR FEATURE currently stands at 1.0425 LEVEL. We can see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE. - Its price is above EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2222 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS again. - Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Monday. - EURGBP PRICE can be DOWN to 0.8489 LEVEL before UP. Then you can UP to LEVEL 0.8584. Also, the MARKET SENTIMENT may change after today's NEWYORK SESSION. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
by benny_marshall
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- There is not much important news today for EUR or GBP. But this week's LOW IMPACT for EUR, but some very important news will be released. So we definitely need to be vigilant about the EUR today. - EUR FEATURE currently stands at 1.0592 LEVEL. We can see a very UP TREND compared to the previous days. This is because of the fact that ECB offers a very HAWKISH CENTRAL BANK UPDATE. It is located above the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2351 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. - EURGBP PRICE can be DOWN to 0.8498 LEVEL before UP. Then you can UP to LEVEL 0.8584. Also the MARKET SENTIMENT may change after NFP. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
by benny_marshall
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW - There is not much important news today for EUR or GBP. But this week's LOW IMPACT for EUR, but some very important news will be released. So we definitely need to keep an eye on the EUR on Friday. - EUR FEATURE currently stands at 1.0695 LEVEL. We can see a very UP TREND compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE. It is located above the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2720 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK ON status. Also the EQUITIES are turning a bit GREEN. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has NEUTRAL BIAS. But due to EQUITIES UP, COMMODITIES UP the MARKET RISK is ON. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP. - EURGBP PRICE can be DOWM to 0.8353 LEVEL before UP. Then you can UP to LEVEL 0.8498. Then you can UP to LEVEL 0.8498. Also the MARKET SENTIMENT may change this week. RISK can be ON. So stay tuned for how the ECONOMIC INDICATORS and MARKET SENTIMENT change.
by benny_marshall
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- Today we do not see such an important news for EUR or GBP as before. Because today is a holiday and today is Monday, MARKET LIQUIDITY is a very short day. GOV. There is a Bailey Speak this week. They will be very important for GBP. - EUR FEATURE is currently trading at 1.08255 LEVEL. We can expect a very DOWN TREND compared to the previous days. This is because of the fact that ECB offers very DOVISH CENTRAL BANK UPDATES. It is located below the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.3026 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit GREEM. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. But because of VIX UP, EQUITIES DOWN, COMMODITIES DOWN the MARKET RISK is OFF. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP. - The EURGBP PRICE can be UP up to 0.8303 LEVEL before UP. Then it can be DOWN to 0.8222 LEVEL. Then you can UP to LEVEL 0.8498. Also the MARKET SENTIMENT may change this week. RISK can be ON. So stay tuned for how the ECONOMIC INDICATORS and MARKET SENTIMENT change.
by benny_marshall
2
EURGBP - FUNDAMENTAL AND TECHNICAL VIEWToday is not an important day for GBP. But CONSTRUCTION PMI DATA is due to be released today for GBP. It's the LOW IMPACT NEWS. But there is some significance. Also GERMAN FACTORY ORDERS and PPI m / m DATA will be released for EUR today. They are also HIGH VOLATILE but are very important INDICATORS. - EUR FEATURE currently stands at 1.0921 LEVEL. We can expect a very DOWN TREND compared to the previous days. It is located below the DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.3065 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold and bought in the form of a STRUCTURE. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX is getting a bit UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. But because of VIX UP, EQUITIES DOWN, COMMODITIES DOWN the MARKET RISK is OFF. - EURGBP PRICE can be DOWN to 0.8303 LEVEL before UP. Then you can UP to LEVEL 0.8498. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT.
by benny_marshall
EURGBP approaching the long-term sell entryThe EURGBP pair has been trading within a Channel Down since mid April 2021, practically a while year almost. As this 1D chart shows, the indicator that helps the most at identifying buy and sell entries is the RSI, which has a clear Resistance Zone (to open a price sell) and a Support Zone (to open a buy). Right now the RSI is near the Resistance Zone while the price is near the Lower Highs trend-line (top) of the Channel Down. A rejection there will coincide with a rejection on the 1D MA200 (orange trend-line) and a Double Top on the 0.84785. The last such Double Top was seen on December 09 2021, where EURGBP got rejected and started a new sell sequence that made a Lower Low exactly on the -0.382 Fibonacci extension. Currently the new such extension is at 0.81000. On the other hand, if the 1W MA50 (red trend-line) breaks to the upside (has been intact since January 13 2021), the trend shifts to bullish long-term and should technically start filling the Fibonacci extensions to the upside (1.382 to 2.0), which as you see happen to be almost exactly where previous Lower Highs of the Channel Down were. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
1