EURGBP trade ideas
EURGBP may find buyers soonIntraday Update: The EURGBP continued to break lower in European trade and the pair is at the 78% retracement of the March 22 lows to Sept 22 highs at .8441. May get a reaction around current levels.
EURGBP BUY SIGNAL EURGBP
I neither trade the news nor any SMC or chart patterns, etc. I trade solely and exclusively based on algorithmic structure. According to the algorithm, a long swing trade is warranted here. I have mentioned the entry level and TP (Take Profit) and SL (Stop Loss) below.
BUY
ENTRY = 0.84345
STOPLOSS = 0.84042
TARGIT 1 = 0.84991
TARGET 2 = 0.85400
TARGET 3 = 0.86016
RR=2.7 Buy ideaprce at suppport level + bullish crab pattern + RSI at oversold zone : possible reversal scenario
PS never risk more than 2% of your capital per trade
EUR/GBP Rate at 21-Month Low Post-European Parliament ElectionsEUR/GBP Rate at 21-Month Low Post-European Parliament Elections
Investors will begin the week in a state of uncertainty regarding the outlook of Europe's political landscape.
The four-day European Parliament elections concluded on Sunday. According to Reuters, the results showed a significant gain for eurosceptic-nationalists, who have displaced liberals and greens.
Additionally, President Emmanuel Macron dissolved the French Parliament, calling for early legislative elections later this month after losing to Marine Le Pen's far-right party in the European Union elections.
All this puts pressure on the structure of the European Union, weakening the euro's value.
As shown by the EUR/GBP chart, trading on the currency markets opened on Monday around the 0.8465 level—a price not seen since August 2022.
According to the technical analysis of EUR/GBP today:
→ The price broke below the critical support level of 0.85, which had been in place since 2023;
→ In terms of price dynamics since autumn 2022, the market is in a downward trend (as indicated by the red channel). The bearish break of 0.85 reinforces this trend;
→ The median line of the channel could serve as a consolidation zone below 0.85, confirming the relevance of the channel;
→ The 0.85-0.853 zone may provide significant resistance in the future if bulls attempt to rectify the situation.
In a negative scenario for the market (e.g., a political crisis within Europe), the EUR/GBP price could potentially reach the lower boundary of the indicated channel.
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.
European instability causing weakness in the euroAfter the EU Parliamentary elections, there is a rise of nationalism and protectionism among some individual EU states. The euro is feeling the heat, as EU stability is under threat.
EASYMARKETS:EURGBP #EURGBP
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
downward trend The corrective trend is expected to advance up to the 78.6% level, then a reversal is expected to form and we will see the beginning of the uptrend.
EurGBP Easy gap play!Apparently I broke a rule by not being descriptive enough so Il try this again. First I added RSI which does nothing for us but people like cluttered charts so here we go. There is a real big gap on EURGBP, this pair usually doesnt get this size of gaps. It makes it ripe for a nice gap fill. You should target the gap fill. It is marked on the chart with the long position indicator provided by tradingview.
EUR GBP Intraday longHello guys I am looking at this interesting pair EURGBP. This pair has completed a corrective wave down on H4 so I'm expecting it to bounce to the resistance level. We can also see an RSI breakout. However there is no divergence and there is a 5 wave count down from previous impulse wave so this will be a counter trend trade. Will enter and taking profit early.
Trade safe
EURGBP FOREX Looks short oppartunity Hi guys,
In this chart i Found a Supply Zone in EURGBP CHART for Short entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for purely educational purpose only not for Buy or Sell Recommendation..
Thank you
A strong selling opportunity in EURJPYFrom long time the pair was inthe zone now it has broken the support zone and can follow the down trend
EUR/GBP Waiting For Bearishyou can short now
or
wait for break current support area at green arrow and go short with retest
- General Trend is Down
- EUR is Weak
- Target 2 is high strong support area
have fun :)
EURGBP: Bulls Will Push Higher
The price of EURGBP will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
❤️ Please, support our work with like & comment! ❤️
Counter long on EUR/GBPLong on EUR/GBP with possitive RRR, risky ! Entry - about 0.85, TP - 0.854. Cmoon long !
DeGRAM | EURGBP rebound from supportEURGBP is moving in a descending channel between the trend lines.
The price has reached the support level, which was the reversal point last time.
We think that after the support is retested, the price will continue to grow within the channel.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP Is Going Up! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.851.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.855 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!
possibility of correction If the price can stabilize above the resistance range, the continuation of the upward trend will be likely.
Otherwise, a trend reversal will be formed and the beginning of a downward trend will be possible
EURGBP show ABCD PatternHere in this chart, we see a ABCD pattern. Price are hit the PRZ at point D. We predict the price if it cross the last LH and Take Buy trade with TPs and SLs.
EURGBP plankton s ideaTHE expert from our team , head and beard the ambitious plankton decides going long, and i never counter the good old plankton should you counter him?
EURGBP Buyers wait for 0.84000 AreaDear Traders,
EURGBP now in Falling Wedge , and i except price continue downward to 0.84000-0.84600 Area,
I Specified 2 boxes ,
1- BOX 1 : Normal Risk (Blue Box)
2- BOX 2 : very Low risk -Safe , (Red box)
TP 1 : 0.86500
TP 2 : 0.87500
TP 3 : 0.88800
SL : 0.83500
Dont forget like &Comment please !
Regards,
Alireza!
EURGBP Trading SignalDirection: Sell
Enter Price: 0.85133
Take Profit: 0.84910333
Stop Loss: 0.85137333
This signal is generated using the EASY Quantum Ai strategy.
Justification:
1. Technical Analysis: The current trend indicators suggest a bearish movement for the EURGBP pair. The price action has shown signs of resistance at the current Enter Price level of 0.85133, indicating potential for a downward movement.
2. Market Sentiment: Recent market sentiment analysis reflects a growing bearish outlook on the EURGBP exchange rate. This sentiment is supported by the current fundamental economic indicators and market volume trends.
3. Economic Factors: The recent economic releases from the Eurozone and the UK have influenced the market dynamics, favoring a sell position.
Based on these factors, it is advised to sell at the Enter Price of 0.85133, targeting the Take Profit at 0.84910333 and setting a Stop Loss at 0.85137333 to mitigate potential risks.
EURGBP Short Breakout TradeEURGBP Short Breakout Trade
1. Weekly Downtrend
2. Positive Swaps
3. Nice bearish momentum breaout candle
4. Structure LL-LH-LL-LH
5. Trend Following Indicator
6. BUY/SELL Indicator
7. Strong GBP Environment
8. 2% Risk, Nononsense Trade Management - VP THANKS!
9. 1,5 Daily ATR Stop Loss
10. 1 Daily ATR Take Profit and then Break-even
11. Exit on reverse candle/exit indicator signal/Break of Structure
