Short trade
11th June 24
7.00am
London Session
Structure - Day TF
Entry - 1Hr TF
Entry 0.84239
Profit level 0.83423 (0.96%)
Stop level 0.84597 (0.43%)
RR 2.33
Sell side
EURGBP trade ideas
EURGBP - Basic Fibo Retracement Basic fibo reversal trades based on 2 entries, one from 0.5 level and one from 0.618
Closing the Gap on EUR/GBPIn this trading setup, I aim to capitalize on the potential for closing the price gap on the EUR/GBP pair by using key pivot points and support/resistance levels. Here's the plan:
Buy Limit at Pivot Point (PP):
Entry: Buy at the Pivot Point (PP).
Take Profit: 0.84630
Take Profit 2: 0.84890
This trade aims to capture the bounce off the PP and the move up to R1.
Buy Limit at Support 1 (S1):
Entry: Buy at Support 1 (S1).
Take Profit 1: 0.84380 (Pivot)
This trade aims to capture a deeper retracement to S1, expecting a reversal up to PP.
Sell Limit at Resistance 2 (R2):
Entry:0.84890 (R2).
Take Profit: 0.84630 (R1)
This trade anticipates a rejection from R2, capitalizing on a potential downward move from this resistance level.
This strategy leverages key technical levels to position for potential market movements, aiming to close the price gap and capture gains from both upward and downward price actions.
EURGBP Exit Areas (Longs To Shorts)Key Tech areas have been hit and are providing longside impetus.
Following this movement, alike other EUR pairs we are looking long on dips.
Riding entries until key exit zone labelled (resistance).
Sentiment case suits on correlation between EUR and GBP historically.
EURGBP to find sellers at market?EURGBP - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 0.8455.
We look to Sell at 0.8455 (stop at 0.8473)
Our profit targets will be 0.8410 and 0.8400
Resistance: 0.8455 / 0.8470 / 0.8485
Support: 0.8425 / 0.8410 / 0.8395
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
eurgbp showing weakness or continuationI've had to put this on a 2w chart to show the range, price is stalling at the top of the range ( maybe considered as consolidation), it either breaks to the upside, but my bias on this is short, this will take time but should give ample opportunity. Levels in green are potential ltf profit points but eventually i'd like to see price below the consolidation around 84 level
An ideal trigger would be a sell off from the NFP
Forextraplaces - the week ahead - EUR/GBPIt's a well know market phenomenon that gaps in the market are inevitably always filled.
The market hates gaps.
No-one seems to know why but its simply a fact.
When the markets opened last Sunday (UK time) EUR gapped open across many pairs.
EUR/USD 25 pip gap - filled.
EUR/JPY 28 pip gap - filled.
EUR/CAD 26 pip gap - filled
EUR/CHF - no gap
EUR/AUD 37 pip NOT filled.
EUR/NZD 42 pip gap NOT filled.
These last 2 trading pairs have been in a steep decline since the end of April and show no signs of reversing so the gaps in these markets may not bve filled for some time but EUR/GBP is the pair to look at.
I expected this gap to have been filled last week particulalrly as GBP was largely BEARISH but this did not happen.
I expect that this gap WILL be filled this week.
Key is .8842.
If we see the price of EUR/GBP break .8842 (where I have a SELL STOP) , I expect the price to close the gap and then reverse sharply.
This will need to be done before Friday as the EURO PMI numbers will most likely set the direction of the EUR and these are due on Friday.
So look to get LONG on this pair and see if the gap is filled but be mindful that the overall picture for is pair is BEARISH.
Short trade
Reason for Entry:
News Driver
Reuters
GBP/EUR has risen nearly 2.5 cents
to a 22-month high since
plumbing a 1.1600 low
immediately after the
BoE's dovish hold on May 9.
11th June 24
5.00am
4Hr TF
Sell side
Entry 0.84424
Profit level 0.84079 (0.41%)
Stop level 0.84710 (0.34)
RR 1.21
change the trend It is expected that the price will stabilize above the Fibonacci levels and then we will witness the start of an uptrend
Trading Signal for EUR/GBP - Direction: BuyWe are issuing a trading signal for the EUR/GBP currency pair based on our analysis using the EASY Quantum Ai strategy.
Signal Details:
Enter Price: 0.84332
Take Profit: 0.84502
Stop Loss: 0.84068
Justification for Buy Signal:
Our EASY Quantum Ai strategy has identified multiple factors suggesting a bullish trend for the EUR/GBP pair.
1. Technical Indicators:
- Moving Averages: The short-term moving average has crossed above the long-term moving average, indicating a strong buy signal.
- Relative Strength Index (RSI): The RSI is currently in the neutral zone but trending upwards, suggesting increased buying pressure without reaching overbought territory.
- Support and Resistance Levels: The current enter price of 0.84332 has bounced off a strong support level, adding to the bullish sentiment.
2. Economic Factors:
- Eurozone Economic Data: Recent economic data from the Eurozone has shown a surprising growth in key sectors, enhancing the demand for the Euro.
- Brexit Uncertainty: Continued uncertainty surrounding Brexit negotiations has weighed on the Pound, making the Euro more attractive.
3. Market Sentiment:
- Institutional Buying: There has been an uptick in institutional buying activities in the EUR/GBP market, signifying confidence in the pair's upward potential.
This comprehensive analysis, validated by our EASY Quantum Ai strategy, leads us to recommend a buy position at the enter price of 0.84332. The take profit level is set at 0.84502, and the stop loss is positioned at 0.84068 to prudently manage risk.
Happy Trading!
EURGBPWe looking for buying opportunities as we have broken outside the bearish wedge resulting in buys-1H TIMEFRAME
EURGBPprice will eventually fill the gap, thus... there can be an opportunity to enter should the price at least come back to the qml. should it not come back I guess its a miss
Bullish divergence in EURGBP pairA bullish divergence is observed in EURGBP pair in an hourly timeframe. The new bullish trend is confirmed with the formation of new HHs and HLs and the breaking of the previous LH and LL. It is a potentially good point to take long positions.
EUR/GBP BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are now examining the EUR/GBP pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.849 level.
✅LIKE AND COMMENT MY IDEAS✅
EURGPB is bullish temporarily Now Eurgpb is in down trend but it reached to the extreme downside of the channel, its expected to rebound to the level (0.8470-0.8490).
In addition to this there’s a gap so it must go up to close the gap and then continues its downward direction.
On the upcoming days there high impact news on Euro so be careful.
ST Bullish Bias EURGBPBeginning to share new currency pairs
Not really motivated to explain, look at my analysis, use your own judgement and discretion, my analysis are only purposed to encourage your personal bias, best of luck.
Have your own TP
Have your own SL
You will become liquidity for making bad decisions.
DXY still strong overall.
Eurgbp sellWhy?
- downtrend confirmed overall
- there's a clear gap which will be retested
- wait for the retest close to the major zone
- probably also wait for a bearish engulfing candlestick pattern
Trade wisely
Use proper risk management
Good luck 🍀
EURGBP EURGBP
Entry point :- 0.84608
Stop lose :- 0.83956
Risk :- 0.50%
Target 1 :- 0.8526
Target 2 :- 0.8591
EUR GBP- Long Set up1H Tf shows sign of reversal. Have my entry / buy at 0.84238 on pull back
Entry - 0.84238
Stoploss - 0.83973
TP-1 - 0.845
TP-2 - 0.84767
#Trading #Technical #Crypto #Stocks #commodities
EURGBPPair : EURGBP ( Euro / British Pound )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
Completed " 12345 " Impulsive Waves
RSI - Divergence
Resistance Level
EURGBP Will Go Down From Resistance! Short!
Take a look at our analysis for EURGBP.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.843.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.836 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURGBP LongEUGBP price is expected to break the neckline and move upwards as there is bullish divergence
Market Analysis: EUR/GBP Poised For More LossesMarket Analysis: EUR/GBP Poised For More Losses
EUR/GBP is declining and trading below the 0.8410 support level.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is declining and showing bearish signs below 0.8460.
- There is a major declining channel forming with support at 0.8410 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair struggled to gain pace for a move above 0.8520. The Euro settled below 0.8490 and started a fresh decline against the British Pound.
There was a clear move below the 0.8470 pivot level. The EUR/GBP chart suggests that the pair settled below the 50-hour simple moving average and 0.8460. A low is formed near 0.8412 and the pair is now consolidating losses.
Immediate resistance is near the 50% Fib retracement level of the downward move from the 0.8457 swing high to the 0.8412 low at 0.8435 and the 50-hour simple moving average.
The next major resistance could be near the 76.4% Fib retracement level of the downward move from the 0.8457 swing high to the 0.8412 low at 0.8445. A close above the 0.8445 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8470. Any more gains might send the pair toward the 0.8490 level.
Immediate support sits near 0.8410. There is also a major declining channel forming with support at 0.8410. The next major support is near 0.8380. A downside break below the 0.8380 support might call for more downsides. In the stated case, the pair could drop toward the 0.8350 support level.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
