EURGBP - BEARISH TREND - 12/08/2024Trade Confluences:
1- Bearish Divergence / Double Top
2- Neckline Broken
3- Start of a Bearish Trend - LLs / LHs
4- Points: 374
EURGBP trade ideas
EURGBP Will Go DownEURGBP is trading in a Uptrend,
But the pair is test the strong resistance level and double top pattern on the top and also making Bearish Divergence on RSI.
we are Bearish biased and we Will be expecting a trend reversal from this level.
Sell!
#EURGBP buying opportunityAs can be seen in the chart, the price appears to have completed a bearish corrective move, signaled by a change in market structure to the upside and the formation of a bullish divergence.
Now, we could look for buying opportunities during minor bearish corrections.
DeGRAM | EURGBP rebound from dynamic supportEURGBP is moving in a descending channel between the trend lines.
The price has reached the lower trend line, which has already acted as a pivot point.
The chart is above the support level.
We expect the rebound to continue after the support is retested.
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EUR/GBP SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/GBP pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.844 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Change the trend It is expected that the corrective trend will form up to the specified support range and then a trend change will be formed and we will see the beginning of the upward trend.
If the price crosses the support range, the downward trend is likely to continue
EURGBP1.EURGBP has been on an uptrend for a while now.
2.The uptrend was exhausted, then shifted to being a downtrend as a resuilt of a structure break which is a Bullish Wedge.
3.The break of the Wedge was then tested before the trend made its major downfall.
4.Now we took our entry as soon as the 3H candle closed bearish from the rested zone.
SELL EURGBP
EURGBP buy limit as we see on daily chart we had positive break for the trend line & retest is happening we need little bit down to a stronger area , then I'm going to buy .
EURGBP PRINTING REVERSAL EURGBP is printing double top reversal pattern with bearish divergence breakout of neck line confirm the reversal
EUR_GBP SUPPORT AHEAD|LONG|
✅EUR_GBP is going down to retest a horizontal support of 0.8531
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 0.8571
LONG🚀
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EURGBPWe see the bullish trend will resume
The correction indicates it
Trade with care use a stop loss.
EURGBP Projection .8475Last week the EURGBP evidenced a failed test of the Supply Zone. In doing so, also
failed to change the Market Structure, as the prior swing high remains intact.
For the coming week, looking for a price movement back towards the Demand Zone
at .8450.
The Fibonacci 618 is .8475 and this would be the Target.
EURGBP Bullish retesting the SupportDaily Chart shows that the down trend was stopped by formation of double bottom(W ) pattern and broke downtrend resistance green line and now again back at the resistance which will become its support now ( retesting) if sustains then a good bullish Long run may be possible !Have a profitable Trade !
TMT Nicomedia Long For a LONG position, TMT Nicomedia provided a strong and reliable signal, and I opened my trade with a 1.75R ratio. These transactions were opened with the TMT Nicomedia strategy. The reason I am sharing these transactions is to see the success rates of the transactions later on.
EURGBP: Market of Sellers
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell EURGBP.
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EURGBP - Short active !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: On weekly timeframe we have hidden divergence and on H4 we can see that price formed regular divergence in waves, as well price rejected from LZ.
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EURGBP is possible for short entries!Hi guys,
Based on the chart, I can see a break of uptrend structure on 4H timeframe and I consider this current up movement as a pullback to the broken area.
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Good luck!
EURGBP: Intraday Bearish Pattern 🇪🇺🇬🇧
EURGBP has a nice potential to continue falling.
After a strong bearish wave, the pair was consolidating
within a horizontal range on an hourly time frame.
The support of the range was broken this morning.
It indicates the strength of the sellers and a highly probable
bearish continuation.
I think that the pair may reach 0.8543 level soon.
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EURGBP is BearishA bearish RSI divergence seems to be at play here, as previous higher low is broken and the bullish momentum seems to be fading out. If the bears retain control then we can expect further downside in price action as per Dow theory. Targets are mentioned on the chart.
EURGBP Bearish (4H Div, Dow BOS, Falling Trend)EURGBP showing signs of bearish momentum with 4H bearish Divergence and DOW Break of Structure( BOS). Price actions also broke the falling trendline that shows price will be in downward bearish momentum. There is support area for the price, where price might bounce back to upward direction. If you are not comfortable with it, then sell half of the position and break even the SL.
What do you think, will it work?
Downward trend It is expected that after some fluctuation, the continuation of the downward trend will be formed
If the price crosses the resistance levels, the continuation of the downward trend will be canceled
Short to LVL .83500OANDA:EURGBP Hi everyone. Look for shorts. Here is my outlook on price action. 4HR/Daily/W is bearish with LH and LL. Last week ended on the Daily with a massive star doji under major support lvl. Price definitely formed a H&S pattern and the neckline was broken on 4HR and Daily. Neckline was a very reliable support zone with over 20 touches. So to have this price lvl broken is a huge sign that bears are in control. As you can see we also have a bear flag that has formed which is another sign price might continue to fall. I will be looking to short for a 3R profit down to the next major support zone of .83500 once we have break of the bear flag. Please keep in mind that news is looking ok for EUR so price good definitely push back above the support zone later in the week. Have a good week in trading everyone. Remember trading always carries risk.
