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EURGBP trade ideas

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.
Short
by ForexRobotEasy
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!
Long
by Spinning_
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!
Short
by ProfitPanther
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
Long
by BALE_FX
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.
Short
by jask_skull
1