20 Reason for buy EURGBP🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: Yearly A confirmed UPtrend makes proper high and low after the last valid low price is on their above equilibrium a clear flag pattern is also here, and wick offspring also confirm themself
2:📆Monthly: bearish trap at monthly lows and long wick and big Imbalance area at the above side, so the price may go up for fill up Feb reversal candle mot able to maintain themselves price reject last month's low and start upside move
3:📅Weekly: with monthly support on the weekly tf price, make a high after a last weekly spinning top bull side price formation confirm
4:🕛Daily: low is valid now, but high is not yet mean price may be going to make another high last daily engulf candle also super high momentum now price make a buildup here
😇7 Dimension analysis
🟢 analysis time frame: H4
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: inside the bar at low, with h4 FVG support, 2nd momentum candle with significant volume, make a flag, again right now makes support on h4 OB again
7: 3 Volume: no volume on retracement but the significant volume on bull candles
8: 4 Momentum UNCONVENTIONAL Rsi: above 40 technically bullish, no weakness
9: 5 Volatility measure Bollinger bands: tight squeeze, above the middle band, make support on 20MA,
10: 6 Strength ADX: start bullish strength because bull DMi makes a crossover on main ADX and bearish line
11: 7 Sentiment ROC: eur has positive ROC compare to GBP right now
✔️ Entry Time Frame: 15 min
12: Entry TF Structure: Bear, but we need to wait for Choch on 15 min tf it is about 0.8877
13: entry move: should be bullish
14: Support resistance base: h4 ob, previous pullback area,
15: FIB: trigger even Occurred
☑️ final comments: Buy
16: 💡decision: Buy
17: 🚀Entry:0.8880
18: ✋Stop losel: 0.8833
19: 🎯Take profit: 0.8966
20: 😊Risk to reward Ratio: 1:2
🕛 Excepted Duration: 2 days
Eurgbptrend
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 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
Topdown Analysis on EURGBP Weekly TFMonthly chart:
The EURGBP pair has been in a long-term downtrend since 2008, with lower highs and lower lows.
Price is currently trading near a key support level at 0.8400, which has held as support multiple times in the past.
Weekly chart:
On the weekly chart, the EURGBP pair appears to be in a range-bound market.
Price has been trading within a symmetrical triangle pattern since August 2021, with lower highs and higher lows.
The upper boundary of the triangle is near 0.8700, while the lower boundary is near 0.8400.
Daily chart:
On the daily chart, the EURGBP pair has been in a short-term uptrend since early February 2022.
Price has broken above the upper boundary of the symmetrical triangle on the weekly chart and is currently testing the key resistance level at 0.8600.
The 50-day moving average is above the 200-day moving average, indicating a bullish bias.
4-hour chart:
On the 4-hour chart, the EURGBP pair has been in a short-term uptrend since mid-February 2022.
Price has been making higher highs and higher lows, with the 50-period moving average acting as support.
The RSI indicator is in overbought territory, suggesting that the pair may be due for a pullback or consolidation.
In summary, the EURGBP pair is in a long-term downtrend but appears to be in a short-term uptrend. The pair is currently testing a key resistance level at 0.8600, and a break above this level could lead to further bullish momentum. However, if price fails to break above this level and falls back into the symmetrical triangle pattern, it could indicate a continuation of the range-bound market. Traders may want to keep an eye on key support and resistance levels as well as the moving averages and RSI indicator on the 4-hour chart for potential trade opportunities.
What's your thought on this?
EURGBP - Long active ✅Hello traders!
‼️ This is my perspective on EURGBP .
Here we are bullish from daily perspective, so I am looking for longs. I expect bullish price action from here as price rejected from bullish order block + institutional big figure 0.88000.
‼️Attention!!! Due to the fact that we have news on GBP this week, the analysis can be invalidated.
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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 from bullish order block ✅Hello traders!
‼️ This is my perspective on EURGBP .
After a change of character (CHOCH) price started to form higher highs and higher lows, so now we are in bullish market structure. I am looking for a long position if price continue the retracement and rejects from bullish order block + institutional big figure 0.88000.
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EUR/GBP Need To Seems Sell Correction...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
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EURGBP - Long active ✅Hello traders!
‼️ This is my perspective of EURGBP .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect bullish price action from here as we are in bullish orderblock + rejection from institutional big figure 0.88000.
Like, comment and subscribe to be in touch with my content!
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.
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. Accordingly, EURGBP can go up slightly until the 0.8916 LEVEL. And after that EURGBP can be SELL to 0.8647 LEVEL. The given STRUCTURES should be BREAKED for that...