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EURGBP trade ideas

EURGBP: 1M PP Support Key to Avoid Further DownsideHello, OANDA:EURGBP has driven the price upwards, and now the 1M PP must hold as support. If it fails to do so, further downside could be likely. It's important to remember that the pair is still largely under bearish influence, and maintaining a cross and lock above the 1M PP is essential to avoid more downside. Despite the underlying conditions, the current sentiment remains strongly bullish. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
Monthly CLS, AMD playing out. Longs in distribution phaseMonthly CLS, AMD playing out. Longs in distribution phase you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by David_Perk
2
EURGBP Wave Analysis 13 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8350 EURGBP currency pair recently reversed up from the support area set between the long-term support level 0.8210 (former support from the start of 2022) and the lower weekly Bollinger Band. The upward reversal from the support zone is likely to form the weekly Japanese candlesticks reversal pattern Hammer, if the pair closes today near the current levels. Given the oversold weekly Stochastic, EURGBP currency pair can be expected to rise further to the next resistance level 0.8350.
Long
by FxProGlobal
EUR/GBP - 15 MINS Buy Trading Idea: EUR/GBP Buy Position Analysis Trade Setup Details: Entry Price: 0.82617 Take Profit (TP): 0.82832 Stop Loss (SL): 0.82512 Risk-Reward Ratio (R:R): ~2:1 Technical Analysis and Justification: 1. Key Support Zone and Rejection: The entry at 0.82617 was initiated near a well-established demand zone, where price previously demonstrated strong buying interest. This is validated by the large bullish engulfing candlestick near the base, signaling a reversal from oversold conditions. Rejection Strength: The long lower wick on the preceding candles indicates significant buying pressure and rejection of lower prices, making this a strong support zone. Confirmation: Price quickly rebounded with momentum, aligning with the trade entry near the breakout of the consolidation phase. 2. Momentum Indicators: Dynamic Support from Moving Averages: The price climbed above the moving averages (likely 20 EMA or 50 EMA), confirming the return of bullish momentum. ADR Levels: The setup aligns with the ADR (Average Daily Range), showing enough room for price to hit the TP without overextending into unrealistic volatility levels. 3. Risk-Reward Consideration: The trade offers a ~2:1 reward-to-risk ratio, making it a favorable setup: SL Placement: The stop loss at 0.82512 is strategically placed below the demand zone and the rejection wicks, ensuring protection from minor noise or pullbacks. TP Placement: The take profit at 0.82832 aligns with a prior resistance zone, where price is likely to face selling pressure. This ensures the trade captures the majority of the bullish move. 4. Price Action Patterns: The trade is supported by bullish price action patterns: Engulfing Candlestick: A large bullish candle confirms buyer dominance, creating a breakout from consolidation. Momentum Build-Up: The steady upward price movement suggests continuation toward the TP, especially after reclaiming key intraday levels. 5. Market Context: Session Timing: The trade aligns with momentum generated during a high-volume session (likely London or New York), supporting the breakout and movement toward the TP. EUR/GBP Fundamentals: Potential fundamental factors, such as support for the EUR or GBP weakness, may have added to the bullish bias in the short term.
Long
by tamrobert20
#007 NEW DCA EURGBP SHORT Down Channel ResistanceThe chart shown is on the 4H but it doesn't matter if its on the 1H or 4H. Both time frames show price doing a power move toward the resistance level of the down channel. I have been eyeing on a few pairs that has this down channel thing, one of the other pair is the AUDUSD and GBPUSD, I think. Currently, TP is set at 71cents SGD, or 41.5pips. No I wish, I thought, I hope, I pray. No no no. 0044SGT 13122024 Talk less, even by typing because the more we talk, the more we set ourselves up for failure. 0045SGT 13122024
Short
by ProfessionalDuckHunter
Buy opportunityTrade Signal: Instrument: EUR/GBP Timeframe: 4-hour chart Strategy: Potential reversal play based on technical indicators and levels. Entry Point: Enter long near the current support level around 0.8236, as the price seems to be bouncing from a recent low. Stop Loss: Place the stop loss slightly below the recent low, at 0.8215 (visible red line as support break confirmation). Take Profit: Target the next resistance zone near 0.8311, as indicated by the upper marked area (approximately 0.90% from entry). Risk-Reward Ratio: The risk-to-reward ratio is favorable (around 1:3 based on stop loss and take profit levels). Momentum Indicator: The squeeze momentum oscillator at the bottom indicates diminishing bearish momentum (red bars shrinking). This could signify a potential reversal or bullish retracement.
Long
by GODOCM
EUR/GBP Reversal in SightHello, OANDA:EURGBP has reached a fresh low, and buyers are beginning to step in, suggesting a potential shift to the upside. The key support level to watch is 0.820688; if the price breaches and closes below this level, further downside could follow, although this seems unlikely at the moment. To confirm a reversal, the price needs to break and sustain above the 4-hour pivot point at 0.823253. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344