EURGBPCurrently on EURGBP price has retested the OB-Gap and has closed below it, we currently have expecting for price to distribute to the downside to take out the Sell-side liquidity
EURGBP trade ideas
EURGBP- long scalpEURGBP (H4 and H1) pullbacks for the daily corrections. always better to scalp in counter trends. Don't hold unless you to in at the lows and the levels above that have been retested.
possibility of uptrend It is expected that the upward trend will start and cross the resistance zone.
If the price crosses the support range, the downward trend is likely to continue
Trade Signal: Sell EURGBPAttention, traders!
We have identified a potential selling opportunity for the EURGBP currency pair based on our analysis and the EASY Quantum Ai strategy. Here are the details of our trade signal:
Direction: Sell
Enter Price: 0.84682
Take Profit: 0.84555333
Stop Loss: 0.84780333
Reasoning:
Our forecast suggests a downward movement for the EURGBP pair, influenced by several market factors:
1. Technical Analysis: Our EASY Quantum Ai strategy has detected bearish trends in recent market data, including lower highs and lower lows, which indicate a potential sell opportunity.
2. Economic Indicators: Recent economic reports from the Eurozone show weaker growth compared to the UK, increasing the likelihood of the Euro depreciating against the Pound.
3. Market Sentiment: Current sentiment in the forex market shows a preference towards GBP due to stronger investor confidence which aligns with our bearish forecast for EURGBP.
Please monitor the market and ensure all risk management protocols are in place. This signal is generated using the proprietary EASY Quantum Ai strategy, which leverages advanced algorithms to identify profitable trading opportunities.
Happy Trading!
EURGBP - SellThe EURGBP pair has been on a rollercoaster ride lately, but I'm taking a calculated risk by selling EUR/GBP. Here's why I'm leaning towards a stronger pound:
Diverging Monetary Policy:
The European Central Bank (ECB) is taking a dovish stance on interest rates to combat slowing economic growth. This contrasts with the Bank of England (BOE) which might be considering raising rates to curb inflation. This difference in interest rates could weaken the Euro relative to the Pound.
Brexit Bargaining:
The post-Brexit trade deal between the UK and EU continues to be a point of contention. If negotiations sour, it could lead to uncertainty and potentially weaken the Euro.
Trade details are as follows:
Entry: 0.84657
Profit: 0.84046
Stop: 0.84895
1:2.5 trade targeting 60 pips.
Lets push upcheck out some of my ideas. also I don't take every trade idea that you see here
these are assumptions before price action completes and confirms. The point of my ideas are to predict price action everyone knows that's next to impossible but I'm having fun.
I am not a professional trader nor am I technical . all ideas are based on what I understand price to be. when I see certain confluences that aligns with my trading strategy, I then look for my opportunity to enter trades.
Good luck and happy trading
DeGRAM | EURGBP decline in the channelEURGBP is moving in a descending channel between the trend lines.
The chart is under the 50% retracement level of the bearish momentum.
We expect a pullback after retesting the resistance level and reaching the upper boundary of the channel.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP. Long at 8451. stop at 8430. T1 8492 T2 8568Weekly/Monthly Downtrend
Daily weak uptrend.
Trying to catch counter trend move up.
RSI on Daily rising.
EURGBP: UT REVERSALBased on my analysis, it appears that the recent increase in prices is just a short-term adjustment in a broader downward trend.
After closing above 0.8457, the downtrend channel seems to have been broken, resulting in a shift where resistance now acts as support. This could potentially lead to an uptrend pullback.
EURGBP a bullish ideaThe beginning of an uptrend on H4. On the weekly the pice is also likely to go up in order to retrace to the major resistance area.
Good luck!
EURGBP a bullish ideaBeginning of an uptrend on H4 . On the weekly chart it is also likely to go up for a retracement to major resistance.
Good luck!
Weakness in increaseFX:EURGBP
From the point of view of the sellers, due to the weakness in upward movement and failure to break the downward trend line drawn in the short term, the price of the euro will decrease against the British pound.
Key support: 0.83926
sentiment to the upward trendWhich side is your point of view? FX:EURGBP
From the point of view of buyers, the price has reached the downward trend line, and in case of failure, the euro price will continue to rise to the key resistance of 0.8528.
From the point of view of the sellers, the failure of the partial support of 0.8425 continues the downward trend of the euro price to the key support of 0.8397.
EURGBP | Short OpportunityA strong confluence of lines and some horizontal barriers has created a potential short opportunity for this pair. a reversal is highly probable.
Good luck!
EURGBP - Basic Fibo retracementBasic fibo reversal trades based on 2 entries
1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$
2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$
Total Risk: 200$
Total Profit: 1000$
Total RR 1:5
EUR/GBP Price Action AnalysisThis chart shows the 4-hour price movement of the EUR/GBP currency pair. Below is an analysis of the price action:
Trend Lines:
The chart features two trend lines: an ascending trend line and a descending trend line.
The price is currently near the intersection of these trend lines, indicating a potential significant breakout or reversal.
Trend Line Break:
The chart highlights that the price has broken through the descending trend line. This suggests a potential short-term upward trend.
Price Movement:
Recent candlesticks show that after breaking the descending trend line, the price has seen some retracement but remains above the ascending trend line.
If the price continues to stay above the ascending trend line, it may continue to rise and challenge previous highs.
EURGBP - Look for a short !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for short position. My point of interest is if price continue the retracement and fills the imbalance higher, then rejects from bearish order block + institutional big figure 0.85000.
Like, comment and subscribe to be in touch with my content!
Correction It is expected that the corrective trend in the Fibonacci levels and the support range will change the trend and we will see the beginning of the upward trend.
By crossing the support range, it will be possible to continue the corrective process
BULLS MIGHT TAKE OVERH4 we have H&Ss reversal pattern and the neckline has been broken which confirms a change of a trend so let see what candle stick we gonna get on our OB1 zone
NB:NO REVERSAL PATTERNS NO ENTRY
Short IdeaBearish, re-tracement leg possibly in progress. Waiting for price to tap into supply zone before initiating sells.
Safe and happy trades.
Trade Signal for EURGBP - Strategy: EASY Quantum AiTrade Direction: Sell
Enter Price: 0.84527
Take Profit: 0.84418667
Stop Loss: 0.84642667
Dear Traders,
We have identified a promising sell signal for the EURGBP pair using our proprietary strategy, EASY Quantum Ai.
Factors Leading to This Prediction:
1. Technical Analysis: Recent chart patterns show a potential downward trend forming. We observe that the EURGBP is displaying lower highs and lower lows, signaling a bearish movement.
2. Market Sentiment: Sentiment analysis indicates a dominant bearish outlook among traders. The market consensus supports a depreciation of the EURGBP pair.
3. Economic Indicators: Economic data from the Eurozone has been underwhelming, putting pressure on the EUR. Conversely, stronger UK economic fundamentals are boosting the GBP.
4. AI Sentiment Analysis: Our EASY Quantum Ai algorithm has identified a confluence of bearish indicators. This includes a sentiment shift in related forex pairs and macroeconomic news that favors GBP strength over EUR.
By setting the Enter Price at 0.84527 , we aim to capitalize on the initial phase of this anticipated downtrend. Our Take Profit target of 0.84418667 is conservatively set to ensure we lock in gains before any potential market reversal. The Stop Loss at 0.84642667 is prudently placed to manage risk and protect our position.
Trade wisely and always conduct your due diligence.
Happy Trading!
