USD/GBP BUYThe British pound has been strengthening for a long time and will now reach a support level that it is not expected to break through.
EURGBP trade ideas
Possibility of uptrend After some fluctuation and correction, we expect to see the beginning of an upward trend. If the price crosses the support range, it will be possible to continue the corrective and downward trend
EURO-GBP and GBP-USD Weekly analysisHello traders, sharing with you weekly analysis for EURO-GBP and GBP-USD.
EURGBP ANALYSISAccording to my analysis, i expect EURGBP to go bearish however i will wait for further confirmation which is a possible break in the support level below. Ensure to follow through your trading plan while we await the possible bearish move.
#EURGBP 1DThe EUR/GBP pair has shown a bullish outlook with potential buying opportunities at its current levels. The resistance level at 0.84100, indicating that price movement could face significant resistance around this point. A breakout above this resistance may signal further upward momentum. Traders might consider entering long positions if the price successfully surpasses this level, but should also watch for any signs of reversal or consolidation near this area. As always, it is advisable to monitor fundamental and technical indicators for additional confirmation.
EURGBP, Time for correction ?Hello Traders, Hope you are doing great.
for upcoming days, we'll probably see a downward correction from one of this red zone to Specified blue level. so with a proper trigger we can open a short position.
and finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
Long on the LOW i was waithing for the rejection on the previous level. now going long
broke my rule of waithing for confirmation but sind i dont have all day to look at my trades i prefer to have a trade then to mis it.
Divergents on the 4H RSIAltough there is bullisch momentum my thoughts are that there is no real bullish momentum.
divergents on the 4h chart
my new puppy is the fundamentals and the interestrates give a long term bearisch momentum.
also the candles are not realy bullisch there is a lot of doubt in the market.
EURGBP - Analysis Analysis on screen. I really hope this head and shoulders comes through because I will be in sells!
Waithing for a retest on the previous level 1In line with my current strategie i am waithing for a retest ont the previous level 1 to go long in line with the 4h bullisch trend.
I am not a proffessional trader. Just working my way trough the rabbitwhole of trading 😊
I post my trades so everybody can comment on them and maybe i can learn and improve.
Possibility of uptrend According to the behavior of the price in the current resistance range, possible scenarios have been identified. By crossing the resistance range, it will be possible to continue the upward trend until the next resistance range
The 13 EMA System Explained...We are trying to create a video but
my internet is too slow to upload
so instead, for now, I will try to teach you
using text.
Sadly because of my slow internet
we can only upload 3-minute videos.
That is why it's very difficult for me to
explain the trading strategies to the full
But either way, we will try to let you know
how to trade forex.
In this article, we are looking at the
power of the 13 EMA system
Because it helps you determine
if a stock price is under valued or not.
In This forex pair using the CCI indicator
changed into the 13 EMA
You can see that the price of this
forex pair is overvalued
which means its too expensive.
Hence why its a good short position.
This is why this forex pair
is going to crash!!
You should short this pair and
take profits.
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Disclaimer: Trading is risky please learn
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EURGBP=sellHello guys, I think the support level of 0.85380 has been broken, and the trend is down. 1H
Heading into 38.2% Fibonacci resistance?EUR/GBP is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.84550
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.84913
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.84077
Why we like it:
There is a pullback support level.
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Long Trade For Monday: EUR GBP Long. Please read below.
The EUR / GBP is parked very bullishly on W/Bottoms on the higher timeframes but their also exists a bullish H"S" Pattern on the 2HR timeframe. This pattern had already retested the Neckline.
High timeframe RSI & Stochastic's are also very bullish to bring the EURO out of Ovesold territory and rally hard agains the Pound.
I will buy the breakout of the trendline in the chart attached.
Cheers,
easy_explosive_trader.
EURGBP Set To Fall! SELL!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8432
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8427
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURGBP-NEXT WEEK 9-SEP-2024 TO 13-SEP-2024Currently, the market is forming a Head and Shoulders pattern, which suggests a potential reversal. On the 1-hour timeframe, a Cup and Handle formation has been identified, but the breakout isn’t strong enough yet, and a retest hasn’t occurred. However, volume confirmation on the 4-hour chart signals that the breakout may be imminent.
On the 15-minute chart, we see a triangle formation, but we are waiting for a retest to confirm our entry. The area of value lies below the resistance zone, which we will use to define our risk levels after the retest.
I am using Fibonacci retracement on the 4-hour chart to define the take-profit target. At the moment, there are no major obstacles like significant support or resistance levels on the way, which aligns well with our target.
The stop-loss is set 10 pips above the resistance on the 4-hour chart, giving us a well-protected position. The risk-reward ratio (RRR), which is calculated at 2.11, making this trade attractive in terms of risk management.
EURGBP LONGEURGBP Long potential
EUR is undervalued against GBP
price has hit the demand level and reacted to it
seasonality is bullish for the near future
take profits would be taken on next supply level
Trade safe
EURGBP- BullishBullish Divergence on RSI appeared on 4 hr chart and formation of HH. The instrument gave bullish breakout of downward channel with huge volume. EURGBP will face another resistance as downward trend line. If bulls gets strength, breakout of the trend line will be possible. Entry after breakout of the trendline and previous LH.
EURGBP => Consolidation phase towards the trendHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84500 support and resistance area.
Trade safe, Joe.
Watch out as EURGBP net short positioning is reversing quicklyLeveraged money net positioning is reversing from extreme short levels in EURGBP futures.
We do acknowledge the UK's recent positive political momentum amid political turbulence in the EU, however we believe the effect is in the price.
On top of that, our fundamental macro model is slightly bullish EURGBP, certainly not indicating a further drop from these levels.
This might indicate a rally in EURGBP towards 0.86 after a recent 2 standard deviation selloff.
