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Euro / British Pound

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EURGBP trade ideas

EURGBP FOREX PAIR 1H TIME FRAME DAT 7/26/2024 I am planning to increase my buy positions within 50% of the current range that has recently formed. I anticipate a potential breakout to the upside and a subsequent markup phase, making additional buys more sensible under the current conditions. Alternatively, if you prefer a swing trading approach, it may be prudent to wait for a more definitive sell signal. Short-term, we have entered a correction phase for EUR/GBP. Invalidation points are minor at this stage. The target for leg A is the point of control. Moving forward, we should monitor sentiment, fundamentals, and COT data to refine our strategy and gain a better edge
Long
by spacedevil
1
EURGBP FOREX PAIR 8H TIME FRAME DATE 7/26/2024"I have revised my bias on EUR/GBP from a short-term perspective. I am no longer anticipating bearish price action; instead, we are likely entering a correction phase with potential for upside movement. While this presents a trading opportunity, the delivery may be inconsistent, thus increasing the risk. Currently, accumulation is in play, and I have already entered the market with a bullish stance. Given the alignment of several factors, I plan to add more positions on lower cycles to improve the risk-to-reward ratio.
Long
by spacedevil
EURGBP: ITF CURVE ANALYSIS (1D) - DOWNTREND✨ EURGBP: ITF CURVE ANALYSIS (1D) ✨ (DOWNTREND) BLO2 @ 0.8390 - TRIGGERED BLO1 @ 0.8405 - TRIGGERED BSO @ 0.84864 ⏳ TP1 @ 0.86494 TP2 @ 0.89195 TP3 @ 0.90902 SLO1 @ 0.91376 ⏳ (DO NOT SET - ONLY SET PRICE ALERT) SLO2 @ 0.92314 ⏳ (DO NOT SET - ONLY SET PRICE ALERT) 🔑 BLO = BUY LIMIT ORDER BSO = BUY STOP ORDER ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER TP = TAKE PROFIT NOTE: Call me crazy, but after a bit of my personal analysis and checking the R:R (18:1) on this trade (which I labeled on the chart), many factors have made me willing to take the risk. Two of my orders have triggered and may play around these prices for a bit. You can watch again as I see how this plays out for me and we'll see what it returns. Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
Long
by oktane
Bearish drop?EUUR/GBP is reacting off the pivot and could potentially reverse to the 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.
Short
by ICmarkets
7 Dimension Sell Idea For EURGBPCore Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1/M5 1: Swing Structure: Bearish with proper BOS after taking inducement and marking valid low. The price completed its corrective swing move with 4 pullbacks and a proper internal bullish structure, mitigating the extreme POI OB and sweeping swing liquidity in the Premier zone. It also swept external swing liquidity, making this entry more interesting with the Whale scoop entry setup. Resistance: Supply area acts strong with a false breakout. Post-break buildup failed strongly, indicating that the price will go further down to form another low. 2: Pattern 🟢 CHART PATTERNS: Reversal: Rounding bearish patterns and consolidation rectangle bear side breakout. Shakeout reversal also at the same point. 🟢 CANDLE PATTERNS: Multiple long wick candles at the POI area, then breakout the range with a momentum strict engulfing pattern. 3: Volume 🟢 Shows very good volume at the resistance level, but this volume is unable to break the resistance, so we consider it an execution volume at the point. 4: Momentum RSI 🟢 Since the start of July, momentum has been in the bearish zone with multiple bearish range shifts and divergence, everything loudly indicating this is still in the bearish phase. 5: Volatility Bollinger Bands 🟢 Expansion has started just with momentum. Bearish headfake also indicates bearish volatility in this pair for now. 6: Strength: Showing weakness. 7: Sentiment: Everything is in bearish favor. ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: Bearish ☑️ Trend line breakout: Yes 💡 Decision: Sell 🚀 Entry: 0.8424 ✋ Stop Loss: 0.8436 🎯 Take Profit: 0.8363 😊 Risk to Reward Ratio: 5RR 🕛 Expected Duration: 3 Days SUMMARY: Analysis supports a strong sell position based on the Smart Money Concepts methodology, with expected bearish momentum and high potential reward.
Short
by Optimum369
EURGBP BUYS#eurgbp Pair is in descending channel for the last two months. EURGBP fails to break the channel either on both sides. Price has hit three to four times channel top and bottom and good reversal can be seen on chart. Again this time price is very close to the bottom vertical support of channel where chances are higher bull active again and push the price towards the Vertical resistance of descending channel. Last time on touch three I was bullish but price remains very short period of time as bullish then drop towards the channel bottom. Price behaviour is very tricky before trade check proper price action.
Long
by mannyman1
EURGBP H1 I Bearish reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.8412, which is a pullback resistance and a 61.8% Fibonacci retracement. Our take profit will be at 0.8401, a pullback support level. The stop loss will be at 0.8426, an overlap resistance level, above 127.2% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
2
EURGBP FOREX PAIR 2H TIME FRAME DATE 7/24/2024As discussed over the weekend, I maintain a bearish bias on EUR/GBP, driven by both fundamental and technical analyses that point towards a continuation of downward momentum. This sentiment is bolstered by the prevailing strength observed in the Pound. The established trading framework remains robust, with multiple confirmatory signals already validated. Entry models are converging with our expectations, prompting active pursuit of potential breakout opportunities. This setup is construed as a 'risk-off' play, offering compelling upside potential."
Short
by spacedevil