EURGBP DUE FOR A SELL!!Price is due for a massive sell on EURGBP as it currently trade at 0.83876
A sell opportunity is envisaged from the current market price.
We may see a massive decline in price.
EURGBP trade ideas
Buy AnalysisEUR/GBP Buy Analysis
Trade Idea: Buy EUR/GBP
Entry: 0.8370
Take Profit: Up to 0.84342
Rationale:
Technical Analysis: EUR/GBP has shown strong support near the 0.8370 level, with recent price action indicating potential for an upward move.
Resistance Break: A breakout above recent resistance suggests bullish momentum could carry the pair towards the 0.84342 level.
Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
EURGBP Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84250 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84250 support and resistance area.
Trade safe, Joe.
EURGBP - Possible Short OpportunityEURGBP is in a downtrend on higher timeframes and now, in my opinion, is starting a corrective move on lower timeframes after having broken the previous low at 0.85.
We will have to wait for confirmations, but I believe that we will have a short opportunity, in the retest of the 0.85 level, or higher on the major downtrendline/SMMA, I drew on the chart the 2 possibilities that I believe are most likely.
If we get the confirmations I will update the idea with my entry into the trade.
Correction It is expected that after some fluctuation and correction, the beginning of an upward trend will be formed, and with the breaking of the resistance range, the confirmation of the upward trend will be formed.
Eurgbp I posted this setup few days ago cause we had price on down trend so we expect price to go short
EURGBP - Short from trendline !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I wait price to continue the retracement and then to reject from trendline + FIBO 0.5 level.
Fundamental news: Tomorrow (GMT+3) we will see results of CPI on GBP and on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
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EURGBP projection Looking at the candle stick patterns and price movement at 0.8398. Am expecting EURGBP to pump up from that level.
EURGBPanother trade to be profitable in minutes
hope anyone who sees my trades learns something if any one has any difficulty, let me know
BUY EURGBPI personally see a Small Buy here due to the curvature of the candles and the previous cup pattern formed before
Could EUR/GBP drop from here?The price is rising towards the pivot which acts as a pullback resistance and could potentially drop to the 1st support.
Pivot: 0.84037
1st Support: 0.83687
1st Resistance: 0.84306
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Long trade 2min TF Entry
Observed BOS trendline
Buyside
Entry 0.84031
Profit level 0.84086
Stop level 0.84018
RR 4.23
EurgbpEurgbp is on a down trend so we are following the trend and we are not trading against the trend
Downtrend We see market has been moving bearish and we broke previous support and retested it Turing it to a resistance continuing with the trend which is bearish
EURGBP Long from OBThis is my EURGBP Long scenario.
This is based on market structure and SMC.
Trade safe.
EURGBP ShortDaily Bias Bearish
GBP is stronger than EUR in fundamental.
In Daily TF, price broken the Daily support level and close below it. Price retrace back to H4 horizontal level and rejected from there. Going down to M15 TF, price broke below the M15 support after consolidation. Price is bearish again.
Short trade at broken support level. SL above consolidation and TP H4 swing low. R:R 1:2
EURGBP ShortDaily Bias Bearish
GBP is stronger than EUR in fundamental.
In Daily TF, price broken the Daily support level and close below it. Price retrace back to H4 horizontal level and rejected from there. Going down to M15 TF, price broke below the M15 support after consolidation. Price is bearish again.
Short trade at broken support level. SL above consolidation and TP H4 swing low. R:R 1:2
EURGBP BEARISH TRENDThe overall trend of this pair remains bearish as we see a sell desperation which broke below the price of 0.84254.
As we anticipate UK CPI. We look forward to seeing more bearish price action develop away from that level of 0.84254
EURGBP TRADE IDEAmy trade idea 4 Eurgbp.
price has reached our extreme order flow on Daily TF... i expect a bullish move if we can hold between o.82770 and 0.83302.
lets see your thoughts in the comments... its all probabilities.
EURGBP Long H4 is oversold
Divergence on H1
Start of the week, which gives strong support
Stop loss of 40 pips
Pattern on H1 and H4
EURGBP Double ScenrioHello traders
Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!!
Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher!
Regarding the current chart while the general trend is bearish we are bullish again! ready to jump up from bottom of the channel
Overall chance of rise is a little more
Bullish scenario will be activated after breaking the purple line
Bearish scenario will be activated after breaking the zone
Bulls powers: bottom of all three channel, reaction to the recent zone and bullish mid-term channel
Bears powers: short-term and long-term channels are bullish and we see a strong reaction to the long-term channel.
