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Euro / British Pound

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EURGBP trade ideas

Bearish drop off pullback resistance?EUR/GBP has reacted off the resistance level that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.8336 Why we like it: There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.8369 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 0.8320 Why we like it: There is a pullback support level that is slightly above the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
Join My Bullish EUR/GBP Journey!Hey Traders! Today, I'm excited to share my bullish trade idea on the EUR/GBP currency pair. As we navigate through the current market dynamics, I believe there are several key fundamentals supporting this upward bias. Current Market Fundamentals - Economic Indicators: The upcoming release of the Confederation of British Industry (CBI) retail sales data is anticipated to show positive trends, which could strengthen the GBP. A robust consumer spending report can create a favorable environment for the Euro to gain against the Pound. - Market Sentiment: Recent bullish candlestick patterns on the H4 chart suggest a potential reversal in the EUR/GBP pair. The price is currently hovering near the middle Bollinger Band, indicating a possible breakout. - Technical Setup: The pair is trading between the 23.6% and 38.2% Fibonacci retracement levels, suggesting consolidation with potential for upward movement. This technical setup aligns with my bullish sentiment. Utilizing Probabilities for Positioning In my trading strategy, I emphasize the importance of probabilities to make informed decisions. Here’s why: - Statistical Edge: By analyzing historical price movements and current market conditions, I can identify patterns that have a higher likelihood of repeating. This statistical approach helps me gauge potential outcomes more effectively. - Risk Management: Using probabilities allows me to set realistic targets and stop-loss levels, ensuring that I manage risk while maximizing potential gains. For instance, if historical data shows a 70% success rate for bullish movements after similar setups, I can confidently position myself for long trades. - Adaptability: Markets are dynamic; therefore, employing a probabilistic mindset enables me to adapt my strategy based on real-time data and changing conditions. This flexibility is crucial in maintaining an edge in trading. Conclusion With a bullish bias on EUR/GBP backed by solid fundamentals and a robust technical setup, I am ready to position myself for long trades using probabilities as my guiding principle. Let’s keep an eye on the upcoming economic data releases and market movements that could further validate this trade idea. Feel free to share your thoughts or any questions you may have! Happy trading! 1M: 2W: 2H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Long
by Jasminex1x2
1
A Weaker pound? 1. Baseline Scenario - Macro-Fundamental Bias Dovish. The Bank of England has cut rates by 25bps to 4.75%, with expectations of further cuts due to slowing inflation. Markets are pricing in two 25bps cuts by the end of 2025 with a 92% chance of a third 25bps cut, dispite the Labour Government's fiscal policy expected to be reflationary. There is also a 15% chance of a 25bps rate cut in December. - Short Term Sentiment Bias : Neutral. The pound is moving flat on an index level, indicating no strong short-term sentiment driving the price. 2. Risk Event Baseline - Event Description : Upcoming UK GDP data releases. - Monthly GDP (m/m) forecast: 0.2% (previous: 0.2%). - Preliminary GDP (q/q) forecast: 0.2% (previous: 0.5%). - Market Expectations : Markets are anticipating a slowdown in economic growth, with the preliminary GDP forecast significantly lower than the previous quarter. 3. Surprise Scenarios: - Negative Surprise: - Plan: If GDP data misses forecasts, reinforce bearish positions on GBP pairs. A weaker-than-expected GDP print could act as a catalyst for further pound selling, aligning with the dovish macro outlook and expectations of additional rate cuts.
Short
by Midas_Macro
1
EURGBP Under Pressure! SELL! My dear friends, My technical analysis for EURGBP is below: The market is trading on 0.8394 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.8363 Recommended Stop Loss - 0.8411 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURGBP is still under pressureEURGBP continues to stay under pressure, inspite of a chart formation being built near current price levels. Euro displays weakness against most of other major currencies including Pound Sterling. So, if the price slides down to the border of the shown widening formation, it's possible to observe a continuation of downtrend with a target built by the measured move to the downside. Don't forget - this is just the idea, always DYOR and never forget to manage your risk!
Short
by Stanislav_Bernukhov_Exness
EUR/GBPOn Monthly, past 52 Weeks Lowest price line was touched and created Engulfing Bearish Candle. On Weekly, price is below 200, 50 and 20 EMA but it just broke through 0.83400 Resistant. On Daily, price is hitting lower trendline while price is below 200 & 50 EMA. On 1H chart, you can see that price is above 200, 50 and 20 EMA and it's coming down to confirm 0.83400 Resistant that now it's Support. In lolwer time frames seems price is bouncing back up unlike Monthly candle. this could be a reversal at most or a temporary pull back. In short tem, i would predict Bullish move.
Long
by Ha-Lion
EURGBP Will Collapse! SELL! My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8338 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8301 Safe Stop Loss - 0.8361 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1