EURGBP Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85300 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85300 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 228
EUR_GBP RISKY LONG| ✅EUR_GBP went down to retest a horizontal support of 0.8524 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 0.8551 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx113
EUR/GBP Hits 1-Year Low: 1W Support Test Likely Before ReboundHello Everyone, The EUR/GBP pair has set a new 1-year low at 0.83830, and despite early signs of a potential upward move, it isn’t ready to push higher just yet. We could see a full test of the 1-week support before any significant upward momentum develops. TradeWithTheTrend3344Longby TradeWithTheTrend33442
EURGBP - Case of Divergence, Triple Top and Volume SpikeEURGBP is forecasted to undergo bearish move and this is supported by clear and strong divergence on MACD, formation of triple top and volume spike at resistance level.Shortby marazzaq62Updated 4
Could EUR/GBP see .8500 and Below?! Here I have EUR/GBP on the 1Hr Chart! We can see that following the 3rd Divergent High @ .86248, price makes a steep Decline breaking the Previous Higher Low @ .85757 and creating a LOWER LOW @ .85496 turning this once Uptrend into a Downtrend! After the New Low is created, we see price makes a textbook Retracement back to the 61.8% Fibonacci Level @ .85783 which happens to test the previous Higher Low to then proceed back down to close for the week just above the New Low! I believe we could be witnessing the Confirmation of an Elliot Correction Wave coming where based on the ABC method: -Prices' LH correction marking our B Point indicates that based off our Fib Ext Tool, we could see price Decline to the Range Target of ( .8457 - .84282 ) -Price Breaking the A Point will be Confirmation of potential Selling Opportunities *.8500 will be the next area we will see Price wrestle with once it breaks the Lower Low @ .85496 Indicators: -Bearish Reading- - Price is working BELOW my DEMA - Flattening of the 200 EMA - RSI BELOW 50 after creation of LL -BBTrend printing Red Bars Shortby Novi_FibonacciUpdated 1112
EURGBP Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance area. Trade safe, Joe.Shortby JoeChampion6
EURGBP 14:12 14/08/2024Lenny hopped on my chart and started drawing, he is bullish and has 2 potential entry points if price drops and reaches entry point zones. his exit is 0.862. They look good, my only critique is that his SL's are too tight. by a1d1b1551
EURGBP Aiming LowerEURGBP appears bearish at H1, with one price target for a bias of 0.84710. The setup will be invalid above 0.85701 as it would have breached the supply zone. Happy Trading K.Shortby KhiweUpdated 2
idea on a trade ICT concept we can see a nice setup .EUR GBP i dont trade this pair but this looks great H4 high taken out. And the last BOS taken out. The EUR/GBP declined to 0.8540, UK employment data bolstered the Pound Sterling during the European session. Sentiment data made the Euro lose interest during the session. Tuesday witnessed the EUR/GBP pair fall, after the release of UK employment data, which supported the Pound Sterling. On the other hand, weak European Sentiment figures weighted on the Euro. The UK released mixed labor market data for the three months ending in June. Average weekly earnings, excluding bonuses, rose by 5.4% YoY, aligning with expectations but slightly above the Bank of England's (BoE) Q2 projection of 5.1%. When including bonuses, total earnings growth slowed to 4.5% YoY, a 1.2 percentage point decrease. This deceleration in wage growth could support the BoE's easing stance, though upcoming Consumer Price Index (CPI) data will be crucial. Additionally, unemployment unexpectedly dropped to 4.2%, the lowest since February.by EZIO-FX1
EURGBP Short tradeHi All , has been quiet sometimes i have yet to share my trading analysis , not sure what are the terms that i've breach. admin keep on message me. :-|Shortby BKGTrader351
EURGBP rises The EURGBP spiked up following GBPUSD weakness from the release of the CPI data. Currently trading along the 50% retracement level, look for the price to break above to trade up to the resistance level of 0.8625Longby JinDao_Tai224
Possibility of uptrend Considering the behavior of the price in the current resistance range, it is expected that the movement will continue according to the specified paths Longby STPFOREX1
EURGBP BUYAs we can see we have broken the trendline from the previous trend hinting at a potential trend change. We also created a higher high after breaking the previous lower high. We got a retest of our zone and now we got confirmation. Now we are looking for a TP1 and TP2 at our 1:1 and 1:2 respectively.Longby Just_Nkhensani1
EUR GBP 2ND ENTRY LONGEurgbp long entry is abit vague but it should move up from here or somewhere around here. Wide sl reccomended. Goodluck traders and trade safeLongby Chathifriends4
7 Dimension Sell Analysis for EurGBPCore Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1/M5 1: Swing Structure: Bearish with proper BOS after taking inducement and marking valid low. The price completed its corrective swing move with 4 pullbacks and a proper internal bullish structure, mitigating the extreme POI OB and sweeping swing liquidity in the Premier zone. It also swept external swing liquidity, making this entry more interesting with the Whale scoop entry setup. Resistance: Supply area acts strong with a false breakout. Post-break buildup failed strongly, indicating that the price will go further down to form another low. 2: Pattern 🟢 CHART PATTERNS: Reversal: Rounding bearish patterns and consolidation rectangle bear side breakout. Shakeout reversal also at the same point. 🟢 CANDLE PATTERNS: Multiple long wick candles at the POI area, then breakout the range with a momentum strict engulfing pattern. 3: Volume 🟢 Shows very good volume at the resistance level, but this volume is unable to break the resistance, so we consider it an execution volume at the point. 4: Momentum RSI 🟢 Since the start of July, momentum has been in the bearish zone with multiple bearish range shifts and divergence, everything loudly indicating this is still in the bearish phase. 5: Volatility Bollinger Bands 🟢 Expansion has started just with momentum. Bearish headfake also indicates bearish volatility in this pair for now. 6: Strength: Showing weakness. 7: Sentiment: Everything is in bearish favor. ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: Bearish ☑️ Trend line breakout: Yes 💡 Decision: Sell 🚀 Entry: 0.8441 ✋ Stop Loss: 0.8451 🎯 Take Profit: 0.8400 😊 Risk to Reward Ratio: 5RR 🕛 Expected Duration: 3 Days SUMMARY: Analysis supports a strong sell position based on the Smart Money Concepts methodology, with expected bearish momentum and high potential reward.Shortby Optimum369Updated 1
EUR-GBP Support Ahead! Buy! Hello,Traders! EUR-GBP keeps falling In a bearish correction After a strong push up But will soon retest the Horizontal support level Below at 0.8500 from Where we will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
EURGBP long continuationEG has completed a clean 3 corrective wave and im expecting price to go up from here. I will be entering when market opens. Trade safeLongby ChathifriendsUpdated 6
EURGBP: Bullish Forecast & Outlook The price of EURGBP will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️Longby UnitedSignals112
EUR/GBP Possible Correction Up#trading_idea #EURGBP 💡 #EURGBP - Possible Correction Up On the hourly chart, it's evident that the price has strongly bounced off the support level at 0.8531. According to the Heikin-Ashi candles, a reversal towards an upward correction seems likely. The MACD also suggests a potential upward correction. 🔼We may see a break of the 0.8543 resistance, with a possible further rise to resistance 0.8551. 🔽Otherwise, a slide back to the support at 0.8531 is likely. In case the pair will break down this level we may see the level 0.8519. 🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.Longby sabiotrade1
EUR/GBP Weakens by an Improvement in Unemployment RateEUR/GBP Weakens by an Improvement in Unemployment Rate From the previous analysis for EURGBP, we can see that the price just reached the first target. This move today was also supported by employment data from the UK, which showed an improvement in the unemployment rate which fell from 4.2% to 4.5% forecast and 4.4% last month. EURGBP may move down more ahead of the UK CPI data we have tomorrow. The market is expecting the UK CPI data to come in at 3.4% from 3.5% on a yearly basis. 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❤️ Previous analysis: Shortby KlejdiCuni1112
EURGBP Holds Below 0.8600 - Deeper Correction?EURGBP Holds Below 0.8600 - Deeper Correction? EURGBP holds below 0.8600 increasing the chances of a deeper correction After the price completed a wedge pattern near a strong zone, it is moving down again. Where can it stop this time? 📺You may watch the video for further details📺 Thank you and Good Luck!Short05:48by KlejdiCuniUpdated 6637
SELL OFF EUR GBP RE:ANNOUNCEMENT ON CALENDAR:EUR GBP Break Of Structure on the short side. Possible downward price action into the support zone I have in diagram. Look for a short entry on weakness of price at a lower timeframe like 1m or 3m. Cheers, Chris EURGBP_2024-08-13_16-25-09_e4e4a.pngShortby Easy_Explosive_Trading1
EURGBP today - Break Rectangular ConsolidationEURGBP is consolidating in a rectangular formation - .8545 - .8570. Following a Drop, this consolidation is a continuation pattern, suggesting a further Drop. Before that, look for the Smart Money to trap bulls with a false break to the upside. Most likely in the London Session, as per yesterday and a move towards the Daily R1 Pivot. The false break would be a good time to go short at a higher price and look to target the immediate demand zone at .8525Shortby Umlingo0