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EURGBP trade ideas

Weekly CLS range. Looking for model 2 entry ...if looking to play on the CLS range edge entry model 2 of the CLS sequence. You are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. If we get the confirmation, I will look to position myself with my students and followers, as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
7
EURGBP: A Trade You Don't Want To MissEURGBP: A Trade You Don't Want To Miss This is an analysis I posted before and nothing has changed so far. P EURGBP is testing an old weekly support zone that proved to be strong several times. Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area. We have to be cautious at the moment because EURGBP may go down a bit more, but overall should rise from the weekly support zone. The price tested this area in 2016, 2017, 2020 and 2022. After the start of the uptrend, EURGBP rose by nearly +400 to +900 pips during the uptrend. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
10
EURGBP 4hr ShortEURGBP ✅ 4hr Short ✅ 💰ENTRY: 0.83254 👎STOP LOSS: 0.83413 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
4
EURGBP - BOE decisions will make the GBP rise!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. In case of an upward correction due to economic data this week, we can see a supply zone and resell within that zone with a suitable risk reward. Reaching the demand zone of this currency pair will lead to scalp buying opportunities. The UK energy regulator has approved a £2 billion funding package to build a high-voltage “electricity superhighway” beneath the North Sea. This project, known as the “Eastern Green Link 1,” involves laying 196 kilometers of cable to transfer wind power from Scotland to northern England. The initiative is expected to supply electricity to approximately two million homes. Rachel Reeves, the UK’s finance minister, stated that the government aims to achieve broad and resilient economic growth. She also reaffirmed the Bank of England’s target of maintaining a 2% inflation rate. Andrew Bailey, Governor of the Bank of England, noted that inflation in the services sector remains above levels compatible with the inflation target. He stressed the need for close monitoring of this sector, as it reflects labor market developments. Bailey further mentioned that a gradual approach to easing monetary policy restrictions would help manage inflation-related risks more effectively. Meanwhile, the European Commission has warned of heightened risks in its economic outlook due to the war in Ukraine, tensions in the Middle East, and protectionist trade policies. The Commission estimates Germany’s GDP growth to rise by 0.7% in 2025, down from an earlier forecast of 1.0%. Additionally, public debt in the Eurozone is expected to increase from 89.1% in 2024 to 90.0% by 2026. Inflation rates are projected at 2.4% for 2024, 2% for 2025, and 1.9% for 2026. A Bloomberg survey revealed that economists now believe Germany may face a second consecutive year of declining output. Analysts expect Germany’s GDP to shrink by 0.1% in 2024 following a 0.3% contraction in 2023.A month ago, predictions still pointed to an economic slowdown only for this year. Fabio Panetta, a member of the European Central Bank (ECB), stated that persistent weakness in domestic demand might drive inflation below 2%. He suggested that the ECB should consider shifting toward a neutral or even expansionary monetary policy. Panetta noted that the Eurozone economy remains weak, with no turning point visible in the manufacturing sector. He emphasized the need for the ECB to adopt a forward-looking approach, as excessive tightening of current monetary policies is no longer necessary. Robert Müller, another ECB official, remarked that there is no need for larger-scale measures at this time. He also hinted at the possibility of a 25-basis-point rate cut in December.
Short
by Ali_PSND
2
EURGBP Channel Down but short-term rebound expected.The EURGBP pair is trading within a 1-year Channel Down pattern since the November 16 2023 High. Three days ago the price made a Lower Low at the bottom of the pattern and rebounded. This was also on the 1.618 Fibonacci extension level, which based on the previous Bearish Leg, has high probabilities of sustaining a Bullish Leg. Assuming the symmetry with January - April 2024 holds, we turn bullish now on this pair, targeting the 1D MA200 (orange trend-line) at 0.84375. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
7
BUY EURGBP for bearish trend reversal STOP LOSS : 0.8272BUY EURGBP for bearish trend reversal STOP LOSS : 0.8272 Regular Bullish Divergence In case of Regular Bullish Divergence: * The Indicator shows Higher Lows * Actual Market Price shows Lower Lows We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this strong level of Support so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
5
How Exchange Rates Affect International BusinessesHow Exchange Rates Affect International Businesses Exchange rates directly affect the cost of goods and services in international trade and can have a substantial impact on a company’s revenue and profit margins. Foreign exchange risk refers to the potential financial impact caused by fluctuations in the value of currencies. Companies with cross-border operations are particularly sensitive to it. This FXOpen article looks at how changes in exchange rates influence different companies in general, why they can do it, and how they affect the operations of international business. Types of Exchange Rate Influence In essence, foreign currency exposure is driven by the uncertainty associated with the future exchange rates of two currencies and has a material impact on a company’s financial position. To gain a deeper understanding of the impact of this risk on businesses, it’s crucial to break it down into its primary types. Transaction Influence Transaction influence is a risk in international business that refers to the potential gains or losses arising from the conversion of one currency into another for immediate transactions. It arises from fluctuations in exchange rates between the time a transaction is initiated and the time it is completed. Imagine a British company invoices a European customer in euros but settles with the customer three months later. A shift in the EUR/GBP exchange rate during this period may noticeably change the final amount of funds received. Translation Influence Another aspect to think about is the relationship between currency risk and businesses that have subsidiaries in other countries. Translation influence, also known as accounting risk, primarily affects multinational corporations with affiliates operating in different currencies. It arises when these companies consolidate their financial statements by translating foreign currency assets and liabilities into the reporting currency. Fluctuations in exchange rates can lead to changes in reported earnings, which creates challenges for financial analysis and decision-making. Economic Influence Considering a more global risk, it’s vital to pay attention to the economy as a whole. The economic impact is long-term and can change a company’s overall competitiveness and value. It affects a company’s international investments and may influence its strategic decisions. For instance, the economic landscape can affect the relative prices of a company’s products or services. Thus, manufacturing in one country and selling in another may become unprofitable, and the company will have to find new markets. Factors Contributing to Exchange Rate Changes To better understand the foreign exchange risk in international business, let’s start with an examination of the factors that contribute to it. Three main areas to keep in mind are market movements, economic conditions, and political stability. Exchange Rate Volatility Exchange rate volatility is a foreign exchange market risk. You can track currency changes by looking at the movement of currency pair quotes on international exchanges and special platforms like TickTrader. Market players, namely large companies, banks, institutional investors, and traders, influence the quotes by their actions. When exchange rates are highly volatile, companies face greater uncertainty about the future. This may hinder forecasting and managing cash flows. Macroeconomic Factors Macroeconomic factors such as interest rates, inflation, and economic growth are something that multinational companies need to keep an eye on. Changes in these factors lead to shifts in the value of currencies, directly affecting international businesses engaged in trade and investment. To keep abreast of global and local economic news, you can gather information from a variety of reputable sources and regularly check the economic calendar. Political Instability Political instability in a country can disrupt the stability of its currency. Sudden changes in government, politics, or geopolitical events can lead to fluctuations in the value of currencies, creating a corporate risk for companies operating in these regions. To keep up with developments, traders may read the news regularly and use the Political Stability Index. It is one of the indices developed by the World Bank, and it measures perceptions of the likelihood of the destabilisation of the incumbent government. Impact of Exchange Rate on International Businesses Now that we’ve explored the nature and contributing factors of the exchange rate effect, let’s examine how it can affect international businesses across various dimensions. Financial Implications - Revenue and profit fluctuations. Foreign exchange rates can affect a company’s revenue and profits. Fluctuations lead to unpredictable shifts in the value of international sales and could enhance or worsen a company’s financial performance. - Cash flow challenges. Cash flow management becomes more complex. Currency fluctuations can impede predicting the timing and amount of incoming and outgoing payments. This often results in cash deficits or surpluses, making it harder to meet financial obligations. Operational Disruptions - Pricing and cost issues. Another business risk of a company is that currency fluctuations may disrupt pricing strategies. It may be necessary to adjust prices frequently, which will negatively impact competitiveness and customer relations. In addition, changes in the cost of imported materials may increase the cost of production. - Supply chain disruptions. International companies typically rely on complex global supply chains. Disruptions will affect the cost of imports and make it difficult to manage contracts with international suppliers, potentially leading to delays. Strategic Considerations - Expansion decisions. Exchange rates can influence a company’s decisions to enter a new market and expand operations. Perceived influences related to certain currencies or regions can deter or encourage expansion plans. - Mergers and acquisitions. Companies should assess how currency fluctuations change the value of target companies. This is important since the results of the assessment will show the potential success and profitability of a merger or an acquisition. Final Thoughts Understanding the types of exchange rate effects, the factors contributing to them, and the potential impact on financial and operational performance is critical to effective management. Adopting sound strategies to mitigate the effects of currency fluctuations will enable companies to thrive in the global market. If you are interested in participating in global markets, you can open an FXOpen account and start trading. We offer forex pair and stock, index, ETF, crypto*, and commodity CFDs, so you can easily diversify your portfolio and minimise the business risk of your company related to exchange rates. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients.
Education
by FXOpen
4
Bearish drop?EUR/GBP is reacting off the resistance level which is an overlap support and could drop to our take profit. Entry: 0.8322 Why we like it: There is an overlap support level. Stop loss: 0.8340 Why we like it: There is an overlap resistance level. Take profit: 0.8300 Why we like it: There is an overlap support level that lines up with the 138.2% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURGBP - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure. We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower). Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
EUR/GBP Technical Analysis and Trading Plan for Next Week Wave Structures and Harmonic Patterns: The current wave count suggests that price action is completing a higher-degree corrective pattern. The presence of a potential Wave C up to a swing failure pattern (SFP) hints at exhaustion of buying pressure. The 0.618 and 0.786 Fibonacci retracement levels align with resistance zones, providing targets for potential reversals. Key Levels and Fibonacci Confluence: Resistance Zone: The 0.84250-0.84473 region acts as a key reversal area marked by the 0.786 Fibonacci retracement. Support Zone: The 0.83247 level aligns with the 0.618 retracement, serving as the invalidation point for bullish setups. Order Block Areas: The marked shaded regions reflect historical buying and selling activity that can trigger significant price reactions. Volume Profile: High-volume nodes indicate areas of significant interest and potential consolidation. Price reactions around these levels may signal breakouts or reversals. Swing Failure Patterns (SFPs): The chart features a swing failure pattern near 0.84473, suggesting that an attempt to break this high might lead to a reversal if rejected. This level should be monitored closely. Step-by-Step Trading Plan: Short Setup: Entry: Consider short positions near 0.84250-0.84473, where confluence with Fibonacci and historical resistance exists. Stop Loss: Place stops above 0.84473 to protect against a breakout. Target Levels: Initial target at 0.83850 (0.382 retracement). Secondary target at 0.83247 (0.618 support). Long Setup: Entry: If price action consolidates and holds above 0.83850 without triggering the short scenario, a potential long opportunity may arise. Stop Loss: Below 0.83247 (invalidation of the bullish scenario). Target Levels: Look for a move towards 0.84473 and beyond, contingent on a break of the SFP. Validation and Invalidation Points: Bearish Invalidation: A sustained move above 0.84473 confirms the invalidation of a short bias. Bullish Invalidation: If the price closes below 0.83247 and sustains this level, the bullish setup is invalidated. Key Takeaways: Volume and Order Flow: Watch for shifts in volume and the direction of order flow as they indicate potential bias changes. Wave Completion: Ensure that Wave 5 aligns with structural resistance and volume divergence for high-conviction trade setups. Risk Management: Always adhere to strict risk parameters, ensuring no more than 1-2% risk per trade.
Short
by spacedevil