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EURGBP trade ideas

EURGBP hello friends In the EURGBP currency pair, we see the formation of a 5-wave pattern. Waves 1-4 have been completed and microwaves 1 and 2 of 5 have also been completed. Currently, wave 3 out of 5 has been applied. Therefore, we expect the completion of wave 3 of 5, then wave 4 of 5, and finally wave 5 of 5. Therefore, we should see the price increase. The limit of loss can also be considered below the micro wave of 2 out of 5, which is the range of 0.8355. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi
NEW!! The 2 Indicators for the Dip Buy Fishing StrategyAm working on developing a better Forex trading system and so am inviting you on this trading journal as I am trying to figure out the best trading strategy for FOREX trading. in this chart FX_IDC:EURGBP you will notice the rate of change at 2 days Then right below is the MACD indicator catching the weekly trend up This is a dip-buying strategy I will call it the "fishing strategy" which involves two indicators Rate of change MACD Am still working on this system but I thought i share with you with my thoughts either way Trade safe. Also remember to rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not, please use risk management and profit-taking strategies.
Long
by lubosi
Market Analysis: EUR/GBP Consolidates GainsMarket Analysis: EUR/GBP Consolidates Gains EUR/GBP is rising and might climb above the 0.8435 resistance. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is gaining pace and trading above the 0.8400 zone. - There was a break above a connecting bearish trend line with resistance at 0.8330 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a decent increase from the 0.8320 zone. The Euro traded above the 0.8365 resistance level to enter a positive zone against the British Pound. The pair settled above the 50-hour simple moving average and 0.8380. The pair traded as high as 0.8434 before there was a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the 0.8321 swing low to the 0.8435 high. However, the pair is stable above the 0.8400 support zone. The next major support is near the 50% Fib retracement level of the upward move from the 0.8321 swing low to the 0.8435 high at 0.8380. A downside break below the 0.8380 support might call for more downsides. In the stated case, the pair could drop toward the 0.8365 support level. Any more losses might call for an extended drop toward the 0.8320 pivot zone. The EUR/GBP chart suggests that the pair is facing resistance near the 0.8435 zone. A close above the 0.8435 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8480. Any more gains might send the pair toward the 0.8500 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
2
EUR/GBP "European Cross" Bank Money Heist Plan on Bullish Side.Hallo! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist EUR/GBP "European Cross" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
Buy OpportunityTrade Idea: Buy EUR/GBP Entry: 0.83300 1st take Profit: 0.83719 2nd Take Profit: 0.84183 Rationale: Technical Analysis: EUR/GBP has shown strong Support near the 0.83100 level, with recent price action indicating potential for an upword move. Resistance Break: A breakout above recent Support suggests Bearish momentum could carry the pair towards the 0.82500 level. Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Long
by GODOCM