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Euro / British Pound

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EURGBP trade ideas

EURGBP in accumulation Phase, getting ready for a swing upwardThe big players are now in accumulation phase, where they are picking up the liquidity at the bottom of the range (as drawn above). We will be accumulating the positions along with them during this time, getting in at the bottom. This phase is expected to last for another half day to a full day. Then, we ride the pair to our profit target, and thank our driver, as we are a hitch hiker on their big move.
Long
by SAILBOATEVANMOSERS
Buy opportunityTrade Signal: Instrument: EUR/GBP Timeframe: 4-hour chart Strategy: Potential reversal play based on technical indicators and levels. Entry Point: Enter long near the current support level around 0.8236, as the price seems to be bouncing from a recent low. Stop Loss: Place the stop loss slightly below the recent low, at 0.8215 (visible red line as support break confirmation). Take Profit: Target the next resistance zone near 0.8311, as indicated by the upper marked area (approximately 0.90% from entry). Risk-Reward Ratio: The risk-to-reward ratio is favorable (around 1:3 based on stop loss and take profit levels). Momentum Indicator: The squeeze momentum oscillator at the bottom indicates diminishing bearish momentum (red bars shrinking). This could signify a potential reversal or bullish retracement.
Long
by GODOCM
EUR/GBP Reversal in SightHello, OANDA:EURGBP has reached a fresh low, and buyers are beginning to step in, suggesting a potential shift to the upside. The key support level to watch is 0.820688; if the price breaches and closes below this level, further downside could follow, although this seems unlikely at the moment. To confirm a reversal, the price needs to break and sustain above the 4-hour pivot point at 0.823253. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344