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EURGBP trade ideas

EURGBP Is Going Down! Sell! Please, check our technical outlook for EURGBP. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.849. The above observations make me that the market will inevitably achieve 0.846 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURGBP 8/2/2024Revised Analysis: EUR/GBP Market Outlook Shift: Bias Change: Transitioned from a bearish to a bullish outlook. The shift indicates a potential for a deeper correction to the upside, suggesting that previous bearish expectations may no longer apply. Counter-Trend Position: In a risk-off environment, this adjustment suggests a positioning against the prevailing trend, anticipating that the market will move upward despite broader risk aversion. Current Price Action: Upward Movement: The market is showing a clean upward trajectory, indicating that the bullish move is progressing as anticipated. Setup Status: No immediate buying setup is present at the moment. This implies that while the move is clean, it’s essential to wait for a more precise entry point. Invalidation Point: Location: The invalidation point is set below a key accumulation resistance line and aligns with the 4H RJB block. This is a strong level for invalidation because it coincides with established technical barriers. Significance: If the price falls below this level, it would invalidate the current bullish scenario and suggest a reevaluation of the bullish bias. Action Plan: Continuation Strategy: Low Risk-to-Reward: With a favorable risk-to-reward ratio, holding onto buy positions remains justified. The distance to the invalidation point provides a manageable risk. Monitoring: Keep an eye on price movements and key technical levels to confirm the continuation of the bullish trend. Position Management: Holding Buys: Continue to hold long positions while waiting for additional buying signals. Ensure to adjust stop-loss levels as needed based on the invalidation point and price action. Future Setups: Waiting for Confirmation: Watch for specific patterns or setups that would further validate the bullish trend. This may include price action signals or technical indicator alignments that reinforce the buying opportunity. Summary: You’ve correctly identified a bullish shift in the EUR/GBP market with a clean upward move in progress. While no immediate buying setup is present, holding long positions remains viable with a well-defined invalidation point below key resistance levels. Continue monitoring for further confirmations to adjust your strategy effectively.
Long
by spacedevil
EURGBP POTENTIAL SELL OPPORTUNITYHello Everyone! How are you all? EurGbp is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on. So, I will be looking for a bearish continuation because of the following reasons: 1. The overall trend is bearish. 2. The price has formed a bearish structure. 3. The price has approached the value area, completed the third touch of the structure, and made a bearish impulse. Game Plan: If the price forms a 15mins/1H flag with two highs and lows. Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Short
by DTreasureMarketHub
EURGBP: Uptrend Potential Amidst Diverging Monetary PoliciesThe Euro (EUR) has been gaining ground against the British Pound (GBP) in recent times, primarily driven by diverging monetary policy stances between the European Central Bank (ECB) and the Bank of England (BoE). Market expectations point towards a more aggressive interest rate cutting cycle in the UK compared to the Eurozone. While both central banks have hinted at potential rate reductions to stimulate their economies, the BoE is anticipated to act more swiftly. Historically, interest rate cuts tend to weaken a currency. Coupled with the perceived resilience of the Eurozone economy relative to the UK, this dynamic has been supportive for EURGBP. However, it's crucial to remember that currency markets are influenced by a multitude of factors. Economic growth, geopolitical tensions, and investor sentiment can significantly impact exchange rates. Therefore, while the current landscape favors the Euro, the situation remains fluid and subject to change. From a technical perspective, short-term indicators suggest potential upward momentum for EURGBP. However, conflicting signals from longer-term indicators introduce caution. Traders should carefully consider this analysis in conjunction with other factors before making trading decisions.
Long
by ProfessorCEWard
EURGBP Under Pressure! SELL! My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8443 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8423 My Stop Loss - 0.8458 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 ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1