What I'd love to see on EURGBP!In sharp contrast to my GBPUSD analysis, if my trendline holds, we could be looking forward to a price decline. Probabilities. Lets see
Eurgbptrend
Again, eurgbp is not bearishCharts still dont tell me eurgbp is bearish, expecting this move incomming months
Past weeks we had bearish movement purely liquidity trap to remove buyers early sl
Good luck
EUR/GBP Approaching Resistance On RetraceAs reported in my previous post on this pair this is now coming close to resistance. The blue line indicates the lowest point of the old support which was obviously broken and now should act as resistance. I want to see this reach this price and rebound lower to the next target. Need to wait for the price to show it is reacting to this level before entering a short but if it plays out as I am predicting then SL can be set just above 0.786 Fibonacci and the TP can be set at 0.84157.
Below the TP price is a big support level which the price has been ranging from for the past 4 years. From there price is likely to correct higher and range for a while before there is any chance of a breakout below the support.
EUR/GBP Wait For RetraceLike a lot of pairings at the moment this did not make a retrace and continued straight to the next support/resistance level. This touched the next TP price I had set but without the retrace I could not enter the trade.
Now the plan is to wait for a retrace as this is very overbought. A retrace to around 0.5 Fibonacci would be good but we need to see the rebound before entering. I have set the TP target at 0.83139 which is the next big support level.
EUR/GBP Multi-Timeframe analysisHi Traders
EUR/GBP Multi-Timeframe analysis
H1 CHART ( BEARISH )
A high probability, entry signal to go SHORT was given at 0.86671 after the market found resistance at 0.86779 . Only the upward break of 0.86779 would cancel the bearish scenario.
Support & Resistances
0.86402 0.86793
0.86182 0.86995
0.85809 0.87182
H4 CHART ( BEARISH )
Waiting for a retracement higher towards the 0.86793 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.86995 level.
Support & Resistances
0.86396 0.86793
0.86182 0.86995
0.85809 0.87375
DAILY CHART ( BEARISH )
Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level.
Support & Resistances
0.86396 0.88602
0.84878 0.89428
0.82575 0.90841
WEEKLY CHART ( BEARISH )
A very low probability, entry signal to go SHORT was given at 0.88652 after the market completed a bull trap reversal pattern. Only the upward break of 0.92906 would cancel the bearish scenario.
Support & Resistances
0.88602 0.91750
0.86142 0.93235
0.82759 0.94977
EUR/GBP Wait For RetraceThis hit my TP yesterday, I now want to see this retrace so we can enter another short. When viewing on the weekly and daily timeframes you will see this has been on a big drop without a retrace and we are now at a support level. This is why I feel it is a good time to secure profits and wait for a better position to short again that will take us past the support.
I want to see this retrace to at least 0.382 Fibonacci and providing the indicators confirm and price rejects from here we can enter shorts to a target of 0.85959. My ultimate target is 0.83139 which is the bottom of a range this has been in since 2016.
EurGbp- To correct from strong support?After failing to stay above 0.9150 resistance, EurGbp traded downwards for 2 months now.
At this point the pair is facing strong technical support and I expect at least a corrective rally at this point.
My target is 0.8850 resistance and a daily close under support would negate this scenario
EUR/GBP BUY H2EUR/GBP BUY H2
The price touched the support line at 0.8762. This is one of the strong support line. I expect the price to bounce off this line.
Ready for Buy
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EURGBP Sell (MY View)Looking For a Sell Position EURGBP. Banking on Bearish Trend To Continue Till With This Pair
Fibs For TP 1$2
EURGBP - CURRENTLY IN DISCOUNT PRICINGTechnical Overview: - EUR/GBP
We have had the chance to enter on a buy position last week and followed by closing the position before the initial drop we were anticipating.
HTF - We are oversold from a higher time frame perspective and should be looking for long potential opportunities, since we are in the start of the week and US markets are closed on Monday, we do expect price to potentially going lower before we look for any buy opportunities.
We will be approaching this with more caution and look should for confirmation before entering any to the upside.
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Trade this sentiment based off your own entry strategy at the right time.
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EURGBP - Intra Day TradeThe overall bias on this pair is bearish, however, I will be looking to fade a trade back into the key previous structure before I attempt to sell it off long term.
EURGBP - Bearish TrapsThere is no denying that this pair is creating stepping down structure, however, It is likely that selling traps will be in place.
I assume many would be selling from the break and re-test of the most recent structure, I will be waiting to get involved in sells from the order block just above it.
EURGBP - CURRENTLY IN DISCOUNT PRICETechnical Overview: - EUR/GBP
We had seen the bearish run down raiding the support level at 0.88500
many buyers and sellers were interested in this very special level.
Due to the fact that the market likes to move where there is liquidity, it is no surprise that we raid this very key lows.
Many of us are taught to buy where price is mostly rejecting, and that's exactly what the big banks want you to believe.
We were anticipating this raid to the downside clearing all buyers and sellers before we can look for buy opportunities.
It is very crucial to point out that we are in discount pricing meaning price is oversold, thus giving us a chance to look for buy potential.
We do anticipate price to come down lower from a smaller time frame, however higher time frame we are using this as a chance to buy these deals!
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Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
EURGBP is going for 0.95hello everyone,
Eurgbp is still bullish at monthly timeframe, we are on sideways market now just getting in more sellers for price to go up
Good luck everyone
EURGBP - sell zone Price broke down key daily level 0.88 + D1 close under that key level
That's a signal for continue of Down move.
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EURGBP: HEAD & SHOULDER PATTERNEUR/GBP has made the head and shoulders pattern on the daily timeframe.
After breaking the neckline, it's moving to reach 0.8776 - 0.8700 .
But if it starts to move upside by crossing the neckline, then it's a failure of the head and shoulders pattern. And targets are as followings levels 0.8906 - 0.8946 .
EURGBP ANALYSISEUR/GBP remains within this downwards trend channel, its bearish bias remains in place.
EURGBP will go up now?The price already break the Lower High and High Level which tell me this is uptrend. And also if the price break and close above the trendline will also be confirm that this is an uptrend.
I see 2 choices to open the long position. Buy at retracement (the Red Zone) or buy instant (High-Risk).
This is just my personal opinion and idea. Please trade at your own risk.
EURGBP, Strong support becomes Strong Resistance, ShortEURGBP, Breakout Strong Support and already retested.. Price Action tells further below!
