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EURGBP SHORT FORECAST Q2 W19 D7 Y25EURGBP SHORT FORECAST Q2 W19 D7 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EUR/GBP DESCENDING TRIANGLE BEARISH PETTERNCurrent Price Action: The pair is hovering around 0.8300, with support near 0.8280. Bearish Confirmation: A sustained break below 0.8478 could target the 55-day EMA at 0.8455, reinforcing the bearish outlook. Market Sentiment: The broader trend suggests that the rise from 0.8221 may have completed, meaning further downside movement is possible. Technical Indicators: Volume contraction within the triangle indicates weakening bullish momentum, increasing the likelihood of a bearish breakout. Target Levels: If the breakdown occurs, the next major support lies near 0.8221, which was a previous low. Trading Strategy Entry Point: Consider short positions if EUR/GBP breaks below 0.8478 with strong volume confirmation. Stop Loss: Place stops above 0.8527, which is a key resistance level. Profit Target: Initial target at 0.8450, with extended downside potential toward
Short
by Zickey_11
5
EUR/GBP "The Chunnel" Forex Bank Heist Plan (Scalping/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/GBP "The Chunnel" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk YELLOW MA Zone. It's a Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place sell limit orders within a 15 or 30 minute timeframe most nearest or swing, low or high level for Pullback Entries. Stop Loss 🛑: 📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (0.85400) Day/Swing trade basis. 📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 0.84000 💰💵💸EUR/GBP "The Chunnel" Forex Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇 📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets and Overall outlook score..., go ahead to check 👉👉👉🔗🔗🌎🌏🗺 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
EURGBP SHORT FORECAST Q2 W19 D6 Y25EURGBP SHORT FORECAST Q2 W19 D6 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W19 D5 Y25EURGBP SHORT FORECAST Q2 W19 D5 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W18 D1 Y25EURGBP SHORT FORECAST Q2 W18 D1 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W18 D30 Y25EURGBP SHORT FORECAST Q2 W18 D30 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W18 D29 Y25EURGBP SHORT FORECAST Q2 W18 D29 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅5' order blockS ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W18 D28 Y25EURGBP SHORT FORECAST Q2 W18 D28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅4 Hour order block ✅Intraday bearish breaks of structure to be created ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 W18 Y25EURGBP SHORT FORECAST Q2 W18 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅4 Hour order block ✅Intraday bearish breaks of structure to be created ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
5
EURGBP LONG FORECAST Q2 W17 D25 Y25EURGBP LONG FORECAST Q2 W17 D25 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly imbalance filled ✅Tokyo ranges to be filled ✅4H order block rejection ✅intraday bullish breaks of structure 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top.
Long
by JCFRGNT
1
EURGBP LONG FORECAST Q2 W17 D23 Y25EURGBP LONG FORECAST Q2 W17 D23 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Trade confluences - 4 hour order block rejection - 4 hour bullish break of structure - Intraday breaks of structure - Tokyo ranges to be filled NOTE - linked short position is the higher probable setup!!!!!!!! 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
2
EURGBP SHORT FORECAST Q2 W16 D18 Y25EURGBP SHORT FORECAST Q2 W16 D18 Y25 Fun Coupon Friday ! SUMMARY - Trading areas identified - Long position via 4H order block + weekly wick imbalance fill alignment. 15' breaks of structure required prior. 15' order block to be created post 15' break of structure. B set up. - Short position via weekly order block 15' order block identified.15' breaks of structure required prior & lower time frame break of structure + turn around in price actions. A Set up FRGNT X
Short
by JCFRGNT
Market Analysis: EUR/GBP SlipsMarket Analysis: EUR/GBP Slips EUR/GBP declined and is now consolidating losses above the 0.8500 region. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is trading in a bearish zone below the 0.8630 pivot level. - There is a connecting bearish trend line forming with resistance near 0.8570 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a steady decline from well above 0.8700. The Euro traded below the 0.8630 support level against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8600 level and tested 0.8520. It is now consolidating losses and trading below the 50-hour simple moving average. Recently, there was a minor increase above the 0.8540 level. The pair is now facing resistance near the 23.6% Fib retracement level of the downward move from the 0.8738 swing high to the 0.8518 low. There is also a connecting bearish trend line forming with resistance near 0.8570. The next major resistance could be 0.8630 and the 50% Fib retracement level of the downward move from the 0.8738 swing high to the 0.8518 low. A close above the 0.8630 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8685. Any more gains might send the pair toward the 0.8740 level. Immediate support sits near 0.8520. The next major support is near 0.8500. A downside break below the 0.8500 support might call for more downsides. In the stated case, the pair could drop toward the 0.8360 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
“ EUR/GBP Buy Setup – Demand Zone to the Moon? ”Key Zones & Levels 🟦 Demand Zone: Between 0.85555 – 0.85200 Buyers previously pushed price up here — now acting as a strong support base! 🎯 Target Point: 0.87406 Potential upside of +179 pips / +2.09% 🟢 Entry Point: Around 0.85555, just above the demand zone Ideal spot for a Buy Entry if confirmation shows. 🛑 Stop Loss: Set at 0.85200 Smart risk protection below the zone. Indicators 📉 Downtrend Line: A break above this could signal the start of a bullish Reversal. 📈 EMA (7-period): Currently around 0.85796 Reclaiming above this line strengthens the buy signal. Trade Plan Summary ✅ Buy on bounce from demand zone 🔓 Breakout of the trend line = confirmation 🎯 TP: 0.87406 🛡️ SL: 0.85200 ⚖️ Risk-to-Reward Ratio: Excellent (about 1:6) Final Thoughts Wait for bullish candles near the entry point Watch fundamentals too — EUR & GBP news could impact direction Stay alert for false breakouts below the demand zone
Long
by Jameshead007
EURGBP SHORT FORECAST Q2 W16 D16 Y25EURGBP SHORT FORECAST Q2 W16 D16 Y25 Morning All, A short forecast to begin a monday morning! Weekly order block rejection to start the week. Bullish pressure visible therefore as always, we await confluences prior making an assumption. In addition, we accept another reason for the trade to play against us - the weekly wick high, there is always a chance this is filled prior the turn around in price action however, if a break of 15' structure is presented, that risk will be accepted. Happy to get involved in either of the set ups illustrated- set up 2 is clearly the "risky" trade of the two BUT did we ever forget our role is to manage risk. Set up two however have an added confluence of Tokyo range to be filled, pulling price action short. I trust the chart analysis is becoming self explanatory. Let's see how EURGBP plays! FRGNT X
Short
by JCFRGNT
EURGBP SHORT FORECAST Q2 D9 W15 Y25EURGBP SHORT FORECAST Q2 D9 W15 Y25 Welcome back Traders! Here's my take. We have two points of interest here. As always you know how we look into every play. It is imperative we have a turn around of price action prior getting involved even more so when the point of interest is not an order block. My reasoning behind selection of the weekly/daily highs is simply due to how it aligns with market structure. IF we break the most recent Asia lows from that point of interest followed by a pull back into an order block that would have been created and left behind as a result. The short position will be entertained. With the above said, in reflection I am already having second thoughts but feel free ti dive into the way I chart and analysis. Would I risk capital from simply a high? It does not seem "smart". The above is scrapped and we must wait for price action to enter into the daily order block. Let us await a reaction from the area and again, show signs of a turn around. Await for 1'/5' break of structure and lower time frame order block creation. THEN! We arm our capital and take the short position for what I can foresee will be a worthwhile risk to reward. Trade well! FRGNT X
Short
by JCFRGNT
EURGBP: A Potential Short Opportunity Amidst ConsolidationEUR/GBP daily chart reveals a compelling narrative of consolidation followed by a potential bearish reversal. The pair has been trading within a defined range, bounded by key horizontal support and resistance zones (highlighted in blue). The recent price action suggests a rejection from the upper resistance zone, setting the stage for a possible short trade. Key Observations: Range-Bound Consolidation: The chart clearly shows EUR/GBP oscillating within a well-defined range. This pattern indicates a period of indecision, where neither buyers nor sellers have established a clear dominant trend. Resistance Zone Test and Rejection: The price recently revisited the upper resistance zone. The subsequent price action, characterized by a sharp downward move, suggests a strong rejection from this level. This rejection is a critical signal that sellers are stepping in, potentially reversing the recent upward momentum. Bearish Engulfing/Pin Bar Formation (Possible): While the chart doesn't explicitly highlight a candlestick pattern, the sharp rejection from the resistance zone suggests the formation of a bearish engulfing or a pin bar on a lower timeframe. This pattern reinforces the bearish bias. Retracement and Entry Opportunity: The price has retraced a portion of the recent decline. This retracement presents a potential opportunity to enter a short position, capitalizing on the anticipated continuation of the bearish move. Support Zones as Targets: The lower support zone serves as a primary target for the potential short trade. The intermediate support level (around 0.83727) can act as a partial profit-taking zone or a point to trail the stop loss. Pattern Identification: The dominant pattern observed is a range-bound consolidation followed by a potential bearish reversal triggered by a rejection from a key resistance zone. Trade Setup: Entry: A short entry can be considered at the current price level (around 0.85021-0.85129) or on a break below the immediate support level (0.84772). A more conservative approach would be to wait for a clear bearish candlestick pattern confirmation on a lower timeframe (e.g., H4 or H1). Stop Loss: The stop loss should be placed above the recent swing high (around 0.85867) to protect the trade from unexpected price reversals. Take Profit: The primary target is the lower support zone (around 0.82537-0.82218). An intermediate target can be set at the 0.83727 level. Risk-Reward Ratio: The potential trade offers a favorable risk-reward ratio, with a relatively small stop loss and a significant profit target.
Short
by ultreosforex
4
EUR/GBP: Inverse Head & Shoulders Breakout Towards TargetChart Overview Asset: Euro / British Pound (EUR/GBP) Timeframe: 1-hour (1H) Date and Time: Published on April 2, 2025, at 19:21 UTC Publisher: GoldMasterTraders on TradingView Current Price (at the time of the chart): Open: 0.83668 High: 0.83670 Low: 0.83260 Close: 0.83635 Change: -0.00035 (-0.04%) Price on the Right Axis: The price scale ranges from approximately 0.83100 to 0.84447, with the current price around 0.83642 (ask) and 0.83635 (bid). Chart Elements and Technical Analysis 1. Candlestick Price Action The chart displays a 1-hour candlestick representation of EUR/GBP, showing price movements from mid-March to early April 2025. Trend Context: Prior to the formation of the pattern, the price experienced a downtrend, declining from around 0.84200 (March 12) to a low of 0.83260 (March 25). This indicates a bearish trend leading into the pattern formation. Following this decline, the price began to consolidate, forming the Inverse Head and Shoulders pattern, which suggests a potential reversal from bearish to bullish. Recent Price Action: On April 2, the price appears to have broken out above the neckline of the Inverse Head and Shoulders pattern, closing above the resistance level with a bullish candle. The current price of 0.83642 is above the breakout level, supporting the bullish thesis. 2. Chart Pattern: Inverse Head and Shoulders Pattern Identification: The chart highlights an Inverse Head and Shoulders pattern, a bullish reversal pattern that typically forms after a downtrend. It consists of three troughs: Left Shoulder: A low around 0.83400 (March 20), followed by a bounce. Head: A deeper low at 0.83260 (March 25), marking the lowest point of the pattern. Right Shoulder: A higher low around 0.83400 (March 30), indicating diminishing selling pressure. The neckline is drawn by connecting the highs between the shoulders (around 0.83600–0.83700), sloping slightly downward in this case. Pattern Dynamics: The Inverse Head and Shoulders pattern signals a shift from bearish to bullish sentiment. The left shoulder and head represent selling pressure, while the higher right shoulder indicates buyers stepping in at a higher level, showing increased demand. The breakout occurs when the price closes above the neckline, confirming the reversal. In this chart, the breakout is confirmed around April 2, with the price closing above the neckline at approximately 0.83600–0.83700. Breakout Confirmation: The price broke above the neckline on April 2, with a strong bullish candle closing at 0.83635. The current price of 0.83642 is holding above the breakout level, which is a positive sign for bulls. The breakout level aligns with the resistance zone, making the move significant as it also clears this key barrier. 3. Key Support and Resistance Levels Support Level: A horizontal support zone is marked around 0.83425 (approximately 0.8340–0.8345). This level corresponds to the lows of the left and right shoulders, where buyers stepped in to defend the price. It also aligns with the lower boundary of the pattern, reinforcing its importance. Resistance Level: A resistance zone is marked around 0.83700 (approximately 0.8365–0.8375). This level corresponds to the neckline of the Inverse Head and Shoulders pattern and a previous high from March 19. It acted as a barrier during the pattern formation but has now been broken, turning it into potential support on a retest. Target Level: The target for the breakout is projected at 0.84447. This target is calculated using the standard method for Head and Shoulders patterns: measuring the height of the pattern (from the head at 0.83260 to the neckline at 0.83700, which is 0.00440) and projecting that distance upward from the breakout point (0.83700 + 0.00440 = 0.84140). The target of 0.84447 is slightly higher, possibly adjusted for the next significant resistance. The chart indicates a potential move of 0.00627 (0.75%), which aligns with the distance from the breakout level (0.83700) to the target (0.84447). 4. Stop Loss and Risk Management Stop Loss: The stop loss is suggested below the support level at 0.83425. Placing the stop loss below this level ensures that if the breakout fails and the price falls back below the neckline and the right shoulder, the trade is exited with a controlled loss. The distance from the breakout level (0.83700) to the stop loss (0.83425) is 0.00275, representing the risk on the trade. Risk-Reward Ratio: The chart indicates a potential move of 0.00627 (0.75%) to the target. The risk is 0.00275 (from 0.83700 to 0.83425), and the reward is 0.00627 (from 0.83700 to 0.84447), giving a risk-reward ratio of approximately 2.28:1 (0.00627 / 0.00275). This is a favorable ratio for a trading setup. 5. Additional Annotations Pattern Components: The chart labels the Left Shoulder, Head, and Right Shoulder, clearly identifying the structure of the Inverse Head and Shoulders pattern. A blue arrow labeled “Inverse Head & Shoulder pattern” points to the formation, making it easy to recognize. Arrows and Labels: A green arrow labeled “Support Level” points to the 0.83425 zone, indicating where buyers have defended the price. A red arrow labeled “Resistance Level” points to the 0.83700 zone, highlighting the neckline and the breakout area. A blue arrow labeled “Target” points to 0.84447, showing the projected price objective. A blue arrow labeled “Stop Loss” points to 0.83425, indicating the risk management level. Price Labels on the Right Axis: The right axis shows key price levels, with the current ask price at 0.83642 (red) and bid price at 0.83635 (black), reflecting the live market spread. Trading Setup Breakdown Based on the chart, here’s the detailed trading setup: Entry: Position: Long (buy) EUR/GBP. Entry Point: The setup suggests entering after the price breaks out above the neckline of the Inverse Head and Shoulders pattern, which occurred around April 2, 2025, at approximately 0.83700. Confirmation: The breakout is confirmed by a strong bullish candle closing above the neckline, with the current price at 0.83642, slightly below the high of 0.83670 but still above the breakout level. Traders might wait for a retest of the neckline (now acting as support) for a safer entry, though this isn’t explicitly suggested in the chart. Stop Loss: Level: Place the stop loss below the support level at 0.83425. Rationale: This placement protects against a false breakout. If the price falls back below the neckline and breaches the right shoulder, the bullish thesis is invalidated, and the trade should be exited. Risk: The distance from the entry (0.83700) to the stop loss (0.83425) is 0.00275, or approximately 0.33% of the entry price. Take Profit/Target: Level: The target is set at 0.84447. Rationale: This target is derived from the height of the pattern projected upward from the breakout point. It also aligns with a logical extension toward the next significant resistance. Reward: The distance from the entry (0.83700) to the target (0.84447) is 0.00627, or approximately 0.75% of the entry price. Risk-Reward Ratio: The risk-reward ratio is approximately 2.28:1, which is attractive for a trading setup. For every unit of risk (0.00275), the potential reward is over 2 units (0.00627). Trade Management: Trailing Stop: Once the price approaches the target at 0.84447, traders might consider trailing the stop loss to lock in profits, especially if the price shows signs of stalling. Partial Profit Taking: Some traders might take partial profits at a minor resistance level (e.g., 0.84000) and let the remaining position run toward the target. Broader Market Context Trend Analysis: The broader trend before the pattern was bearish, as evidenced by the decline from 0.84200 to 0.83260. The Inverse Head and Shoulders pattern suggests a potential reversal to the upside, with the breakout confirming this shift. The price action after the breakout will be critical. A strong move toward 0.84000 with high volume would confirm the bullish momentum. Volume and Momentum: The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of an Inverse Head and Shoulders breakout includes: Volume: An increase in volume on the breakout candle, indicating strong buying interest. Momentum: A bullish signal from indicators like RSI (e.g., moving above 50) or MACD (e.g., a bullish crossover). Traders should check these indicators to validate the breakout’s strength. Market Factors: EUR/GBP is influenced by factors like Eurozone and UK economic data, interest rate differentials, and Brexit-related developments. On April 2, 2025, traders should consider: Economic Data: Key releases like UK GDP, Eurozone inflation, or central bank statements around this time could impact the pair. Geopolitical Events: Any developments related to UK-EU relations or global risk sentiment could drive volatility in EUR/GBP. Potential Risks and Considerations False Breakout: If the price fails to hold above the neckline (0.83700) and falls back below the right shoulder, the setup is invalidated. The stop loss at 0.83425 mitigates this risk. Resistance at 0.84000: The price may encounter resistance around 0.84000, a psychological level and a previous high. Traders should watch for bearish price action (e.g., a shooting star or bearish engulfing candle) near this level. Market Volatility: EUR/GBP can be volatile on a 1-hour timeframe, especially around economic data releases. Unexpected news could lead to sharp price swings, potentially triggering the stop loss prematurely. Timeframe Limitations: This is a short-term setup on a 1-hour chart, so the target might be reached within hours to a couple of days. However, intraday noise could lead to choppy price action, requiring active trade management. Conclusion The TradingView chart by GoldMasterTraders presents a well-structured bullish trading setup for EUR/GBP based on an Inverse Head and Shoulders pattern. The price has broken out above the neckline on April 2, 2025, signaling a potential move toward the target of 0.84447. Key levels include support at 0.83425 (where the stop loss is placed) and the neckline resistance at 0.83700, which the price must hold above to maintain the bullish thesis. The setup offers a favorable risk-reward ratio of 2.28:1, making it an attractive trade for short-term traders. However, traders should confirm the breakout with additional indicators (e.g., volume, RSI) and monitor broader market conditions, as this chart is a snapshot from April 2, 2025, and market dynamics may have evolved since then. If you’d like to search for more recent data on EUR/GBP or check the outcome of this setup, I can assist with that!
Long
by GoldMasterTrades
EUR/GBP Technical Analysis - 4H Chart 📌 Pair: EUR/GBP 📈 Current Price: 0.84092 Key Levels: 🔹 Support Zone: 0.83766 - A key area where price has previously bounced. 🔹 Resistance Zone: 0.84400 - A strong resistance level where price has faced rejection. 🔹 Target Level: 0.85004 - Potential bullish target if price breaks above resistance. Market Structure & Trade Idea: EUR/GBP has shown strong bullish momentum, breaking above the support zone (0.83766). Currently, price is testing the resistance level. A slight pullback toward support could provide a new buying opportunity. A break above resistance would confirm bullish continuation toward 0.85004. Trading Plan: ✅ Bullish Scenario: Wait for a pullback to 0.83766 before entering long, targeting 0.85004. ✅ Bearish Scenario: If price breaks below 0.83766, a deeper retracement to 0.82652 may follow. 🔍 Watch for: Breakout confirmation above resistance. Strong rejection from support before entering a trade.
Long
by ForexOptimizer
EUR/GBP "The Chunnel" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/NZD "Euro vs Kiwi" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : The heist is on! Wait for the breakout of (0.82650) then make your move - Bearish profits await!" however I advise placing Sell stop below the support line or Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in swing/retest. I highly recommend to use alert in your trading platform. Stop Loss 🛑: Thief SL placed at 1.83000 (swing Trade Basis) Using the 4H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 0.81950 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: The EUR/GBP "The Chunnel" Forex Market is currently experiencing a Bearish trend., driven by several key factors. ⚖️Fundamental Analysis - The European Central Bank's (ECB) monetary policy decisions significantly impact the EUR/GBP exchange rate. The ECB's interest rate decisions influence the euro's value relative to the pound. - The UK's economic performance, including GDP growth, inflation, and employment rates, also affects the exchange rate. - Political developments, such as Brexit negotiations and EU-UK trade agreements, can create market volatility and impact the EUR/GBP exchange rate. ⚖️Macro Economics - Inflation Rates: The ECB's inflation target is below, but close to, 2%. The UK's inflation rate has been above the Bank of England's 2% target. These differences can influence the exchange rate. - Interest Rates: The ECB's interest rates are currently lower than the Bank of England's rates. This difference can impact the exchange rate. - GDP Growth: The EU's GDP growth has been slower than the UK's in recent years. This difference can influence the exchange rate. ⚖️COT Data - Commitment of Traders (COT): The COT report shows that large speculators, such as hedge funds and institutional investors, are currently net short on the euro. This suggests that they expect the euro to weaken against the pound. - Non-Commercial Traders: Non-commercial traders, such as individual investors and hedge funds, are currently net long on the euro. This suggests that they expect the euro to strengthen against the pound. ⚖️Market Sentimental Analysis - Market Sentiment: The market sentiment for EUR/GBP is currently bearish, with many analysts expecting the euro to weaken against the pound. - Positioning: Many traders and investors are currently short on the euro, expecting it to weaken against the pound. ⚖️Trader Positions - Institutional Traders: 55% short, 45% long - Retail Traders: 58% short, 42% long - Hedge Funds: 60% short, 40% long - Commercial Traders: 52% short, 48% long - Banks: 50% short, 50% long ⚖️Next Trend Move - Based on the current market sentiment and positioning, the next trend move for EUR/GBP is likely to be downward, with the euro weakening against the pound. - However, it's essential to keep in mind that market trends can change rapidly, and unexpected events can impact the exchange rate. ⚖️Quantitative Analysis - Moving Averages: The 50-day moving average is currently above the 200-day moving average, indicating a bullish trend. However, the short-term moving averages (10-day and 20-day) are below the longer-term moving averages, indicating a bearish trend. - Relative Strength Index (RSI): The RSI is currently at 40, indicating that the market is oversold and due for a bounce. - Bollinger Bands: The Bollinger Bands are currently widening, indicating increased volatility. ⚖️Intermarket Analysis - Correlation with Other Markets: EUR/GBP is currently positively correlated with the EUR/USD and negatively correlated with the GBP/USD. - Impact of Other Markets: The EUR/GBP exchange rate is likely to be impacted by the performance of the US dollar, as well as the relative economic performance of the EU and UK. - Commodity Prices: Changes in commodity prices, such as oil and gold, can also impact the EUR/GBP exchange rate. ⚖️Overall Summary Outlook The EUR/GBP exchange rate is expected to decline in the short-term, driven by the bearish market sentiment and positioning. The euro's weakness against the pound is likely to continue, with a potential target of 0.8200. However, any unexpected positive developments in the EU or negative developments in the UK could lead to a reversal of the trend. Traders and investors should remain cautious and monitor market developments closely. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader