EURGBPThe current pattern forming on EURGBP is a bullish pattern. I am expecting EURGBP to make a move upward to take out the previous high before deciding to get to my tp level.
EURGBP trade ideas
EURGBP HigherTrying EURGBP higher here.
rate differentials are near the highs while the pair is at the lows, the pair tried to move below the current range but didn't quite make it which i think is a good sign. We also have a hammer on the daily chart.
The narrative i think is shifting as well, EUR data is surprising to the upside and there's a chance of a hawkish ECB this week relative to expectations. Meanwhile the BoE is possibly turning dovish on a fall in UK inflation.
Not trading/investment advice, feedback welcome!
possibility of uptrend It is expected that the price will move according to the specified path and after the completion of the corrective pattern, the beginning of the upward trend will be formed.
If the price crosses the support range, the continuation of the downward trend or correction will be possible
EURGBP bullish ideaThe price is moving in a the channel. The fundamental are bullish. The Target is based on the Daily chart. SL might be a bit tight...
Good luck!
EUR GBP - Short IdeaLooks Like A Descending Triangle On 1h Tf. Will Trigger My Sell Stop / Entry On Break Of The Triangle.
Entry 0.85043
Stoploss 0.85169
Tp-1 0.84916
Tp-2 0.84792
EURGBPEURGBP has formed inverted Head and Shoulder with strong bullish divergence. As the buyers are getting bids with this confluence.
If the sell pressure resumes and buyers gets active the optimum target will be 0.8550.
What you people think of this idea ?
Is it time for euro recovery?Fundamentals & Sentiment
EUR:
- Cuts have been >80% priced in for a while
- Latest French & German PMIs are higher than previous (although, not higher than consensus)
GBP:
- Yield differential
Technical & Other
- very good technical setup on D
Setup: TR(B)
Setup timeframe: D
Trigger: 1h
Medium-term: Down
Long-term: Range
Min target: near DMA(200)
Risk: 0.2%
EURGBP Bearish ContinuationAfter breaking down out of the head & shoulders pattern we broke below support acting as a stronger resistance area around 0.86259 - 0.86131. Also, price has consolidated and expanded just enough respecting a bearish trend line, creating a bearish flag & another Bearish Order block. I believe this OB is valid due to the imbalance plus a breaker block aligned within the imbalance. Once price reaches my POI I'd switch to the 15 minute time frame and look for a liquidity sweep and brake of structure during kill zone hours ( London Session ) & enter from the 15 minute order block. When all confirmations are put together and used during the correct time it's more comfortable and the probability is higher. Let me know what you guys think! Good luck to everyone trading!
shark pattern on EURGBPhi ,
we have a shark pattern
with change of caracter
+RSI DIVERGENCE
good luck
EURGBP IN ACCUMULATION MODEPrice broke out of our descending trendline, signaling a possible
change of direction occurring in the near future
The market seems to be consolidating at the moment, this
usually happens before the markets change direction
EURGBP is BullishPrice has given a breakout from the accumulation phase, after bullish RSI divergence appeared on 1H time frame. Price has printed a higher high by breaking previous lower high indicating that bulls are in control of the price. Targets are mentioned on the chart.
EURGBP Bullish setupTrade Plan:
Entry Level(Buy Stop): 0.85431
Stop Loss Level: 0.85090
Take Profit Level 1: 0.85772
Take Profit Level 2: 0.86113
Reasons for bullish bias:
- Price is at a strong S/R level
- Inverse H&S formation
- Bullish divergence
- Safe entry at HH breakout
uptrend The uptrend is expected to advance to the resistance range. Then, according to the behavior of the price in this range, the continuation of the movement process will proceed according to the specified paths
EURGBP Bullish ForecastThe bullish impulse prior to the rejection can serve as a potential indication of a continuation, aiming for the rejection at next main resistance zone.
BUY EURGBP FOR TREND REVERSAL BUY EURGBP FOR TREND REVERSAL
update
STOP LOSS : 0.8492
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the 4hour time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
EUR/GBP BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
EUR/GBP is making a bullish rebound on the 8H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.848 level.
✅LIKE AND COMMENT MY IDEAS✅
EURGBP Bearish Trading IdeaDisclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice.
On the weakly timeframe, the pair was going lower steadily without leaving any supply zone unmitigated. The only imbalance the market left was at the start of 2024, which was later mitigated on May.
On the daily timeframe, we are bearish, shown by the recently created change of character (CHoCH).
On the 4 hour timeframe, we made a new CHoCH leaving an imbalance to be mitigated.
On the 1 hour timeframe, I've highlighted a demand zone to be mitigated, I'll be buying in this area up until the highlighted area of interest above, from which I'll be looking for sells.
EURGBP EURGBP broke LH it can bigger reversal . AS it has divergence and trendline broke Seasonals are also bullish
EURGBP potential upsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85100 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85100 support and resistance area.
Trade safe, Joe.
EURGBP is ready to make bull movesthe trend is slowly moving towards bull run but it will be more clear if it breaks its last LH point
