EURGBP trade ideas
EURGBP Channel Down sell signalThe EURGBP pair has been trading within a Channel Down pattern since the November 16 2023 High. The recent Lower High rejection just above the 1D MA200 (orange trend-line) resembles both in terms of 1D RSI and price action the August 08 2024 Lower High.
Since that posted an initial correction of -3.62%, we expect an equivalent Bearish Leg to target 0.81750.
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EUR/GBP ShortEUR/GBP Short
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
EUR/GBP - Long Trade SetupThis In my own opinion is a strong looking trade setup.
Currently we have a Daily/12/6/4/1 Hour all Bullish Setup. Only smaller TF's are showing LL's
Consolidation phase seems to be forming its last leg according to Elliot's Wave Theory telling me we are going to be looking to breakout of this Trend.
Previously I predicated price to have another run down to the final Demand zone (I will link my post to that Idea)
Indicators confluences - Currently MacD on the daily is showing us we are slowing down with sellers momentum although PA is still bullish giving me more suggested signs we will be having a decent Bullish Run.
PM me for more details in this trade setup
Good luck to all the traders that follow and make sure to use risk management
Long1. The bearish pattern's line has been broken
2. Previously, it broken and tested the Fibo 0.618 level
3. Tthe broken line is being retested
4. A double bottom has formed in the Eur currency
check the trendGiven the price behavior in the current resistance range, possible scenarios have been identified. It is expected that the upward trend will continue according to the specified paths.
EURGBP Buy TradeTracking price action towards 0.83661, with the deadline set for Feb 7. Strong bullish movement so far—watching for follow-through.
📊 Replay all trades on TradingView for full transparency.
#Forex #EURGBP #MarketAnalysis #TradingStrategy
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83900 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83900 support and resistance area.
Trade safe, Joe.
EURGBP...PULLBACK OR REVERSAL? POTENTIAL LONG OPPORTUNITYHello hello TradingView fam! Hope you are are doing super well and having an incredible start to 2025. I just wanted to come on here and share a potential opportunity I see on the EURGBP currency pair. SO sit back, enjoy, and hope you get some value from this post!
OK so first thing first. Higher timeframe. You can see from the title of my post "pullback or reversal" that we potentially have a trend shifting move at hand before us. Now you may be asking "how do you know?" and the short answer is I DONT...BUT the market leaves clues. And my mentor taught me that the market is a receipt for the bigger players displaying there interest...or lack of it. SO for me, when looking at this currency pair I can see back in December of 2024 a low was created around 0.82250 (round psychological number) on this pair before a large, strong rally from the buyers led prices to break multiple week/month highs.
This is significant because if retail traders are not the ones moving the markets (because they are not) then we have to realize the larger players were so interested in this price that they bought up enough volume to cause the prices to have that very significant reaction. SO AS RETAIL TRADERS we should take that as a HUGE clue that when prices are coming BACK TO THAT ZONE OF PRICE they may be interested again...ever heard of "History Repeats Itself?"
OK so that is the reasoning behind my bias that we may have a reversal on our hands and a potential continuation to the upside. Here are some confluences that add to that in terms of my technical analysis clues to give a few.
1. Daily is in uptrend (now making higher highs & higher lows)
2. RSI is oversold
3. Fibonacci alignment with zone (showing % of discount essentially)
OK guys so that is my breakdown for EURGBP!!!! As I'm writing this as well I see that prices opened up very gapped to the downside!! WOW!! Keep eyes on guys my bias still remains...Cheers!
EURGBP - Anticipating the BOE DecisionEURGBP - Anticipating the BOE Decision
A few days ago, I posted an analysis on EURGBP, highlighting a strong support zone. Today, we are looking at one of the most significant events of the week: the Bank of England's (BOE) interest rate decision.
The BOE is expected to cut rates by 25 basis points, bringing them down to 4.50%. Currently, the market is reacting against the GBP, pushing EURGBP up along with many other GBP pairs. This is a typical price development when it comes to interest rate changes.
However, the main focus will be on the BOE's press conference, as the Governor's comments and the way the changes are communicated can significantly impact the market. We can expect a volatile day ahead.
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❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EurGbp Sell insight I saw this nice structure just now. Let's see if 0.83791 will hold for short.
Ride with me 🫴
EURGBP Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for EUR/USD is below:
The price is coiling around a solid key level - 0.8321
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8363
My Stop Loss - 0.8295
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Bullish riseEuro Pound is in a correction phase within the M and W frames but currently trying to ignite some upward pressure in the lower timeframes. Price action managed to pass through and trying to settle above the 0.83300 barrier. If the pair finds strength to settle above after the retest, price action may aim to reach the established highs as they'll also be future resistant barriers.
EURGBP BUY TRADE PLAN
✔ Entry: ✅ Triggered at 0.8310 – 0.8305
✔ Stop Loss (SL): 0.8280 (Safe breathing room)
✔ Take Profit 1 (TP1): 0.8350 (First target)
✔ Take Profit 2 (TP2): 0.8380 (Strong level)
✔ Take Profit 3 (TP3 - Final Target): 0.8400+ (HTF resistance)
🎯 R:R Calculation:
🔹 TP1 = 1:2
🔹 TP2 = 1:4
🔹 TP3 = 1:5+ (High probability trade)
IF H1 Close Above 0.8310 = Confirmed Buyers
EURGBP Bullish Continuation (Potential Trend Retracement)EURGBP price seems to exhibit signs of overall bullish momentum (after a credible reversal on the 1D timeframe) as the price action may form a credible Higher Low with multiple confluences of key Fibonacci and credible Support levels.
Trade Plan :
Entry @ 0.83328
Stop Loss @ 0.82000
TP 0.8 - 1 @ 0.84390 - 0.84656
EURGBP Testing a Key Support Zone with Possible Retest of 0.840EUR/GBP Testing a Key Support Zone with Possible Retest of 0.8400
EUR/GBP is currently testing a key support zone, and a retest of 0.8400 is possible.
The pair previously tested a strong resistance zone near 0.8300 and bounced back up.
This area has been tested multiple times in the past, demonstrating the presence of well-positioned buyers who are reluctant to let the price move down further.
However, if President Trump makes any comments related to tariffs on the UK, it could push EUR/GBP up further, as the pair typically moves slowly.
Key resistance areas are located near 0.8360 and 0.8400.
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❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. This helps me cover the cost of providing regular insights.
EURGBP 15mI am hoping for the price to go bullish do to the pattern that I see here, it will probably reach my target in London open.
EURGBP 04.02.2025+euro is expected to be more affected by tariffs than the pound
+seasonality
-The euro has already priced in many bad news
*mixed data
EURGBP WANT TO SELL EURGBP Trading Analysis
🚨 Sell Opportunity Identified
🔹 Entry Point: 0.83800
🔹 Target Level: 0.82900
🔹 Stop Loss: 0.84160
🔹 Timeframe: 4H
🔹 Indicator: EMA50
The EURGBP pair has broken the support line, indicating potential further downside movement. The price remains below the EMA50 on the 4H timeframe, reinforcing the bearish trend.
⚠️ Risk Management:
Stop Loss: Set at 0.84160 to manage risk effectively.
Regularly monitor key price levels and adjust your strategy if reversal patterns emerge.
#ForexTrading #EURGBP #SellSignal #PriceAction
EURGBP BEARISH EURGBP bearish market structure in place and price is respecting the downtrend line . A sell opportunity is in place once the price makes it pullback up as indicated on chart .
Good LUck
