Eur/Gbp_ bearish.Still continuing a bearish movement since the weekly tf shows that the Bears are in control and the 3rd leg of a structure is about to be engineered .
I will see how it .
Happy trading.
EURGBP trade ideas
EURGBP long trade call!FX:EURGBP recently broke its high and retraced back to 0.7 fib level on the 4H timeframe and now it is clear we are in a bullish trend. So following the trend we are taking a long setup on a shorter timeframe.
EURGBP FOREX 7/30/2024
I have revised my analysis of EUR/GBP and continue to seek buying opportunities. However, the market outlook has shifted, indicating a potential deeper correction to the upside. This adjustment suggests a counter-trend position in a risk-off environment.
EUR/GBP Forecast Today: The Euro Attempts to Continue RecoveringThe Euro initially fell during the trading week, testing the 0.84 level. At that point, the market reversed, showing signs of life and ended up being very bullish. By doing so, the market formed a hammer pattern for the week at an exceptionally low level, suggesting that the Euro could become a real value.
If we manage to surpass the 0.85 level, it would be a very bullish turn of events, potentially attracting even more participants into the market. On the other hand, if we break down below the 0.84 level, it is likely that the market will target the 0.83 level below.
Bearish scenario on EURGBPBased on the chart on H1 timeframe , a bearish movement is possible but I prefer to set my order and wait to see if it activated.
You can follow me to have access to my future charts, updates and trades.
Good luck!
EURGBP - Bullish Descending TriangleTheoretically a bullish Reversal pattern but could indicate a strong bearish continuation if it fails.
Decreasing volatility as EUR news approaches could precede a powerful release of momentum
Potential Long I can see the potential long position of this pair, as we see the price moving within the range and forming the bearish crab.
EURGBP buy, 2hrLast week EURGBP failed to buy. It fell to our support to get more momentum to push up. The support gave us three touches and went back up to the resistance at 0.84300 and crossed our neck line to confirm the double bottom. It then came back to retest the previous resistance making it a support to confirm the bullish momentum.
EURGBPhi everyone
here is major trend (H4)
from down trend,
and now the price break the resist !!!
so , i guessssssss this trend will change!
this is a basic technical analysis, but still work !
when we took a Long position.
the risk : reward so interesting
disclaimer
i just share what i see and what i know
do you own analysis
this is not a signal
be smart
thanksyou
EURGBP double bottom support and neckline breakEURGBP is taking double bottom support and breaked its resistance and is now on its support level
Possibility of uptrend Considering the behavior of the price in the resistance range and the resistance trend line, the continuation of the upward trend is likely. If the price crosses the previous floor, the continuation of the downward trend is likely
Bearish drop?EUR/GBP has reacted off the pivot and could potentially drop to the 1st support which is a pullback support.
Pivot: 0.84419
1st Support: 0.84164
1st Resistance: 0.84589
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURGBP Potential Reversalwe can see a clear bearish channel has broken the trendline, a sign of reversal, bullish trend is likely to happen
Sweep, Break, Inducement.Expecting price to come back and sweep the last low(external liquidity), tap into my POI and continue to the upside (Bullish).
EUR/USD Short and EUR/GBP ShortEUR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/GBP Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EURGBPWe looking for short term sells while the markets are in an overall bullish momentum preparing those impulses to the upside after the correction
EUR-------GBP_-------shortTrend is making lower low and lower high after taking retracement from Fib 0.5 level trend continue its bearish trend
EURGBP FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis (July 27, 2024):
Intraday Sentiment: 48% bearish, 52% bullish
Daily Sentiment: 81% bearish, 19% bullish
Overall Sentiment: The sentiment indicates a stronger bearish bias, suggesting a potential for selling EUR/GBP.
Upcoming Economic Events and Trading Recommendations:
Monday, July 29, 2024
10:30 AM ET - UK Mortgage Approvals
Expectation: 63.50 Thousand
Recommendation: Sell EUR/GBP
12:00 PM ET - UK CBI Distributive Trades
Expectation: Retail Sales MoM at 0.40%
Recommendation: Buy EUR/GBP
Tuesday, July 30, 2024
07:30 AM ET - France GDP Growth Rate QoQ (Preliminary)
Expectation: 0.10%
Recommendation: Sell EUR/GBP
09:00 AM ET - Spain GDP Growth Rate QoQ (Flash)
Expectation: 0.30%
Recommendation: Mixed Bias
10:00 AM ET - Germany GDP Growth Rate QoQ (Flash)
Expectation: 0.10%
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area GDP Growth Rate QoQ (Flash)
Expectation: 0.30%
Recommendation: Sell EUR/GBP
01:00 PM ET - Spain Business Confidence
Expectation: 3.00 points
Recommendation: Buy EUR/GBP
02:00 PM ET - Germany Inflation Rate YoY (Preliminary)
Expectation: 0.30%
Recommendation: Mixed Bias
Wednesday, July 31, 2024
08:45 AM ET - France Inflation Rate MoM
Expectation: -0.60%
Recommendation: Mixed Bias
09:55 AM ET - Germany Unemployment Rate
Expectation: 5.90%
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area Inflation Rate MoM
Expectation: 0.30%
Recommendation: Buy EUR/GBP
Thursday, August 01, 2024
08:00 AM ET - UK Nationwide Housing Prices MoM
Expectation: 0.4% increase vs. 0.1% market expectation
Recommendation: Sell EUR/GBP
09:15 AM ET - Spain HCOB Manufacturing PMI
Expectation: 53.30 points
Recommendation: Buy EUR/GBP
09:45 AM ET - Italy HCOB Manufacturing PMI
Expectation: 49.50 points
Recommendation: Buy EUR/GBP
09:50 AM ET - France HCOB Manufacturing PMI Final
Expectation: 48.80 points
Recommendation: Sell EUR/GBP
09:55 AM ET - Germany HCOB Manufacturing PMI Final
Expectation: 49.40 points
Recommendation: Sell EUR/GBP
10:00 AM ET - Italy Unemployment Rate
Expectation: 7.20%
Recommendation: Sell EUR/GBP
10:30 AM ET - UK S&P Global Manufacturing PMI Final
Expectation: 51.90 points
Recommendation: Sell EUR/GBP
11:00 AM ET - Euro Area Unemployment Rate
Expectation: 6.90%
Recommendation: Sell EUR/GBP
01:00 PM ET - UK BoE Interest Rate Decision
Expectation: 5.00%
Recommendation: Sell EUR/GBP
Friday, August 02, 2024
08:45 AM ET - France Industrial Production MoM
Expectation: 0.90%
Recommendation: Sell EUR/GBP
09:00 AM ET - Spain Unemployment Change
Expectation: 10.00 Thousand
Recommendation: Sell EUR/GBP
10:00 AM ET - Italy Industrial Production MoM
Expectation: 0.30%
Recommendation: Buy EUR/GBP
11:00 AM ET - Italy Retail Sales MoM
Expectation: -0.60%
Recommendation: Buy EUR/GBP
EURGBP The Target Is DOWN! SELL!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8428
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 - 0.8418
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
EURGBP Set To Fall! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8444
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8419
My Stop Loss - 0.8462
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
EURGBP - All set for a bullish breakout from falling wedgeEURGBP seems to be on course for a bullish break out from falling wedge pattern on daily time frame. The formation of bullish divergence of MACD lends further strength to bullish forecast for coming days.
