EURGBP trade ideas
EURGBP - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
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!
EURGBP can we see higher bearish
OANDA:EURGBP structural analysis, we are have double top, and price is break first zone of double top pattern, currently price is on second zone, it's make bounce, testing currently, expecting here to see bounce continuation
SUP zone: 0.83500
RES zone: 0.828000, 0.82600
Bearish drop?EUR/GBP is reacting off the resistance level which is an overlap support and could drop to our take profit.
Entry: 0.8322
Why we like it:
There is an overlap support level.
Stop loss: 0.8340
Why we like it:
There is an overlap resistance level.
Take profit: 0.8300
Why we like it:
There is an overlap support level that lines up with the 138.2% Fibonacci extension.
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EURGBP 4hr ShortEURGBP
✅ 4hr Short ✅
💰ENTRY: 0.83254
👎STOP LOSS: 0.83413
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
EURGBP: Confirmed Bearish Reversal?!I see multiple bearish clues on 📉EURGBP.
The price has formed a double top and a rising wedge pattern on the 4-hour chart, and has broken below the neckline and trend line of both patterns.
These signals suggest that the market may be heading towards a bearish trend.
I anticipate a continuation of this bearish movement towards 0.8306.
EURGBP Bullish Medium to Long-Term Outlook “Read The caption"In August 2015, the price began a clear five-wave motive structure to the upside. By October 2016, it transitioned into a multiyear sideways movement, forming an Inverted Triangle or "Broadening Formation." This corrective phase is believed to have ended at the February 2022 low of 0.8203.
Since then, the price has moved higher, reaching 0.8275 (the 2022 high), marking wave 1. It then retraced downward in a flat formation, forming wave 2. The market now appears poised to begin wave 3.
This scenario remains valid as long as the price does not break below the wave 1 low at 0.8200. A close above 0.8626 would provide strong confirmation of this setup in the short term.
Historically, the pair has shown a consistent pattern of rapid upward movements contrasted with prolonged and slower corrective downward phases., underscoring the strength of its uptrend. For example:
- Between April 2017 (0.8303) and August 2017 (0.9300), the price rallied nearly 1,000 pips in just 4–5 months.
- From February 2020 (0.8283) to March 2020 (0.9495), it surged over 1,200 pips in just one month.
In contrast, the downward corrections have taken significantly longer:
- From August 2017 (0.9307) to December 2019 (0.8280), the decline spanned over two years.
- Similarly, from March 2020 (0.9495) to March 2022 (0.8205), the downtrend also lasted two years.
These patterns strongly indicate that the long-term uptrend remains intact.
Additionally, the price has recently formed two consecutive bullish Fair Value Gaps (FVGs) after sweeping previous lows. It retraced into the first FVG at 0.8300–0.8305, forming a swing low before moving higher with a new breakaway FVG.
EURGBP - Long active !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish price action as we can see that price filled the imbalance and rejected from bullish OB.
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EURGBP - BOE decisions will make the GBP rise!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. In case of an upward correction due to economic data this week, we can see a supply zone and resell within that zone with a suitable risk reward. Reaching the demand zone of this currency pair will lead to scalp buying opportunities.
The UK energy regulator has approved a £2 billion funding package to build a high-voltage “electricity superhighway” beneath the North Sea. This project, known as the “Eastern Green Link 1,” involves laying 196 kilometers of cable to transfer wind power from Scotland to northern England. The initiative is expected to supply electricity to approximately two million homes.
Rachel Reeves, the UK’s finance minister, stated that the government aims to achieve broad and resilient economic growth. She also reaffirmed the Bank of England’s target of maintaining a 2% inflation rate.
Andrew Bailey, Governor of the Bank of England, noted that inflation in the services sector remains above levels compatible with the inflation target. He stressed the need for close monitoring of this sector, as it reflects labor market developments. Bailey further mentioned that a gradual approach to easing monetary policy restrictions would help manage inflation-related risks more effectively.
Meanwhile, the European Commission has warned of heightened risks in its economic outlook due to the war in Ukraine, tensions in the Middle East, and protectionist trade policies. The Commission estimates Germany’s GDP growth to rise by 0.7% in 2025, down from an earlier forecast of 1.0%. Additionally, public debt in the Eurozone is expected to increase from 89.1% in 2024 to 90.0% by 2026. Inflation rates are projected at 2.4% for 2024, 2% for 2025, and 1.9% for 2026.
A Bloomberg survey revealed that economists now believe Germany may face a second consecutive year of declining output. Analysts expect Germany’s GDP to shrink by 0.1% in 2024 following a 0.3% contraction in 2023.A month ago, predictions still pointed to an economic slowdown only for this year.
Fabio Panetta, a member of the European Central Bank (ECB), stated that persistent weakness in domestic demand might drive inflation below 2%. He suggested that the ECB should consider shifting toward a neutral or even expansionary monetary policy. Panetta noted that the Eurozone economy remains weak, with no turning point visible in the manufacturing sector. He emphasized the need for the ECB to adopt a forward-looking approach, as excessive tightening of current monetary policies is no longer necessary.
Robert Müller, another ECB official, remarked that there is no need for larger-scale measures at this time. He also hinted at the possibility of a 25-basis-point rate cut in December.
EURGBPEURGBP weekly chart shows that the price is approaching a strong support zone of 0.83088-0.82346. If the price fails to break through the 0.82226 level, a rebound is likely. Consider buying in the red zone.
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EURGBP TRADE ENTRY IDEAOn this Pair, we are anticipating for a BUY CONTINUATION, why? the Trend of this Pair is still BULLISH, price pullback to the 4H ZONE, which we refine to the 1H, we saw our ENTRY CONFIRMATION, AND We have Other Confluences, You can add to your watch-list if this SETUP matches with your Trade Setup.
EURGBP Technical Runover - Trade Of 2024.EURGPB has fallen to key lows amid a weakening of the EUR against the GBP, a currency that it is usually well on par with.
These key levels are great for entry as they naturally rise probability and are preferred by the larger money market.
If you check over the last 8-9 YRS, larger rallies have existed post fall to the same area. Large buying up and no serious deviation of value in the pair.