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EURGBP trade ideas

B/C Correction for E/G Before Descent To .8400?!Here I have EUR/GBP on the 4Hr Chart! Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area. This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405! Before the Final Extension can happen, I suspect Price will need to make a Retracement to the Fib Entry Zone @ .84976 - .85133! *Golden Zone @ .85032 - .85087 After which I will be looking to take Sell Opportunities to finish the Wave! Indicators: -Price Trading Below DSR -Price Trading Below 200 EMA -DSR + EMA leading to "Death Cross" -RSI Below 50 -BBTrend Printing Red Bars
Short
by Novi_Fibonacci
Potential bullish rise?EUR/GBP is currently reacting off the support level which is a pullback support that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8458 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Stop loss: 0.8406 Why we like it: There is a pullback support level. Take profit: 0.8508 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURGBP POTENTIAL LONG OPPORTUNITYAlright what is happening everyone! Hope you are all doing great! Just wanted to come on here and post a potential opportunity I see on the EURGBP currency pair. So let’s dive in! OK so for me what fueled this trading idea was the large market move it had made a couple weeks ago shooting prices from the 0.84000 zone to the 0.86000 zone showing a significant interest from the buyers in this market. And if the bigger players want to buy, then I want to buy. BUT I want a discount…make sense right? Isn’t everyone when looking to buy something wanting to wait for a discount before doing so? SAME THING IN THE MARKETS! OK had to do that short little rant lol. But truly this move left a historical level of previous demand (buyer zone) that I am truly interested in for the near future moving forward. So let’s watch price as it comes down into that zone of demand and see if the buyers are still interested in this currency pair. OK hope you all get some value out of this and please boost this post and follow my page for more accurate analysis and trade ideas! Cheers!
Long
by JosePips
EURGBP - Confluent ShortThis idea is for a short on the EURGBP pair from a high probability zone. This area of confluence is the merger of 3 factors. 1. Structure - the .8500 level has acted as both support and resistance since June 24. 2. Trendline - can be observed from August 8th, acting as angular resistance for the downtrend form the recent Supply Zone. 3. Moving Averages - a. 20/50 - with the 20 below the 50 = bearish bias. b. 200 EMA Channel - with price crossing below , we have a bearish bias. 4. Psychological level - the large round number. Look for candlestick formation , showing a rejection of price from .8500 early next week. The Target is the Demand Zone below.
by Umlingo
EURGBP "Chunnel" Bullish Robbery Plan on Long SideMy Dear Robbers / Traders, This is our master plan to Heist EURGBP bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
EURGBP Elliott Wavehello friends In the EURGBP currency pair, we see the formation of a pattern that is very similar to the 5-wave impulse waves. Its waves 1 to 3 have been completed and currently its 4th wave is being completed, which is a zigzag, and its C wave is being completed. Usually wave C has a ratio of 100 or 161.8 fib with wave A. Therefore, we expect the price to decrease to the 161.8 Fibo ratio, which also meets a support. The range of 0.8490 and 0.8440 is considered suitable for entering the trade buy. But the price should not enter wave 1, if this happens, our theory is invalid. Therefore, I personally prefer to enter the trade at 161.8 Fibo. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Long
by M_Gheysvandi